Category: Market Segment

Gerdau’s North American operations reported increased profits in the first quarter on higher prices and shipments.

Anti-dumping and countervailing duties on imports of non-grain-oriented electrical steel (NGO or NOES) will stay on the books for another five years.

U.S. Steel has announced a $1.9 billion investment to construct a new direct-reduced iron (DRI) facility at Big River Steel (BRS) Works in Osceola, Ark.

Last week, Steel Market Update and CRU hosted our inaugural VIP Briefing in Chicago ahead of the Scouting America Metals Industry Dinner.

Nucor executives said US steel demand remains stable, with pockets of strength in data centers, energy, border fence work, and infrastructure.

SSAB Americas’ revenue fell in the first quarter as negative currency effects outweighed higher steel prices.

Nucor's new, 3-million-ton-per-year sheet mill in Apple Grove, W.Va., has reached "about 85%" completion, with commissioning now underway.

The volume of raw steel produced by US mills eased last week but remains within earshot of the multi-year high set one week prior

Nucor is entering the second quarter "with real momentum," according to its chief executive, as the company reported soaring first-quarter sales and profits.

The US Department of Commerce has released new procedures allowing certain steel and aluminum producers in Canada and Mexico to qualify for reduced Section 232 tariffs – but only if they commit to building new primary production capacity inside the United States.

Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,065 per short ton (st), a $10/st increase from last week.

USMCA provides strong support for North American competitiveness. US manufacturing has lost considerable capabilities over the last few decades. “Cheating” by other countries is not the only reason. Nor is it even the most important reason

Sheet market participants reported steady to elevated demand over the past week. But while spot prices continued to edge up, some sources said lead times were becoming more closely aligned to industry norms.

World crude steel production for the 69 countries reporting to the World Steel Association (worldsteel) totaled an estimated 159.9 million metric tons in March. Production jumped 12.8% from a shorter February, but was down 4.0% from March 2025, according to newly released data.

Baker Hughes' latest data shows the US rig count inching up by one while the Canadian count held steady in the week ended April 24.

France’s Air Liquide is investing more than $350 million to expand industrial gas production and infrastructure in support of the proposed Hyundai-POSCO EAF mill in Louisiana.

AZZ reported steady demand across its Metal Coatings network, as infrastructure, power, and data center projects continued to drive high galvanizing volumes.

Marubeni-Itochu Steel Americas Inc. (MISA) plans to build a $37 million flat-rolled steel processing plant in Osceola, Ark., adjacent to Big River Steel.

US Trade Representative (USTR) Jamieson Greer said Mexico should not expect the upcoming USMCA review to result in the removal of US steel and aluminum tariffs, according to media reports.

The economic outlook by metalforming manufacturers remains steady for the next three months, said the Precision Metalforming Association (PMA). 

AZZ Inc. closed fiscal 2026 with record sales and sharply higher profitability, driven by strong demand for hot-dip galvanizing and steady execution across its Metal Coatings network. Its Precoat Metals segment, however, continued to face weaker volumes in construction-related markets.

Reliance Inc.’s earnings jumped in the first quarter on strong pricing and demand.

In a Final Thoughts las week, I asked “Got Steel?” And if you’re looking for spot tons in June, the answer still isn’t obvious.

Steel Dynamics Inc’s chief executive is bullish on M&A opportunities despite the rejection of its joint bid for Australia’s BlueScope Steel.

North American steel buyers are signaling stronger interest in foreign material amid a tight market and rising global substrate costs, which are complicating purchasing decisions.

Domestic mill production ticked up to a new multi-year high last week, according to recently published American Iron and Steel Institute (AISI) figures.

Steel Dynamics Inc.’s first-quarter 2026 earnings soared on record steel shipments and a jump in steel prices.

Cleveland-Cliffs Inc. executives on Monday detailed a series of operational moves aimed at improving efficiency, lowering costs, and tightening the company’s production footprint.

Revelar Capital's portfolio firm, Steele Solutions, plans to accelerate the pace of operational growth at newly acquired Maysteel Industries.

Cleveland-Cliffs Inc. reported improving supply-demand fundamentals in the first quarter and expects stronger conditions through the rest of 2026.