Category: Market Segment

This week’s announcement represents $300 million of the $11 billion commitment Nippon made for the government's approval to buy USS.

Barry Zekelman has reduced his company’s stake in Canadian steelmaker Algoma Steel.

Worthington Steel saw a strong first quarter to kick off its fiscal 2026 as both profits and sales notched increases.

August marked the second-lowest monthly production rate this year, down 13% from the two-year high of 166.6 million mt in March.

Worthington Enterprises’ consumer and construction-facing businesses delivered a confident opening act to fiscal 2026. But the story is nuanced — especially where tariffs, volumes, and HVAC demand intersect.

Canadian flat-rolled steelmaker Algoma Steel is reconsidering its presence in the US market after the doubling of US Section 232 tariffs on imported steel to 50%, a company spokeswoman said.

Nucor Plate Group announced that its patent-pending wide floor plate product is now available to customers in a statement on Monday. 

Over 140 John Deere employees at two of its Iowa facilities will be laid off in October.  

Nucor kept hot-rolled (HR) coil prices unchanged this week, according to its latest consumer spot price (CSP) notice on Monday, Sept. 22.

U.S. Steel said it would continue to roll slabs at its Granite City Works mill near St. Louis, reversing a previous decision to end production at the plant in November. “U.S. Steel will continue to supply slabs to Granite City. As we shared earlier, our goal was to maintain flexibility, and we are pleased to have found a solution to continue to slab consumption at Granite City,” a company spokesperson said in a statement to SMU.

Signs of weakness are already appearing in the tariff wall. The economy has slowed to the point that the Federal Reserve cut interest rates by 0.25%, or 25 basis points, last week. The cut came even as the rate of inflation continues to hover well above the Fed’s 2% target rate.

The American Iron and Steel Institute (AISI) has added Worthington Steel to its membership roster and elected Geoff Gilmore, president and chief executive officer of the steel processor, to its board of directors. 

JD Fields HDM Spiralweld Mill is planting roots at Tradepoint Atlantic with a 200,000-square-foot pipe pile fabrication center.

The Cleveland-Cliffs name has been removed from its idled Steelton rail mill. SMU asked Cliffs about the move and if it might signal that it is selling the mill...

Nucor's third-quarter earnings will be down quarter-over-quarter, but still higher than a year earlier.

Hyundai has reaffirmed its commitment to build a steel plant in Louisiana following a US government immigration raid at its battery facility in Georgia.

Hybar LLC’s rebar mill in Osceola, Ark., is now melting scrap and will soon be fulfilling orders, according to CEO David Stickler, despite a six-to-eight-week delay caused by commissioning the world’s first Aura electrical system.

Steel Dynamics Inc. is bullish heading into the close of the third quarter, with all three of its operating segments tracking higher.

AHMSA is opening its doors to potential buyers to tour its steel plant and mining operations in northern Mexico in preparation for the next stage of its bankruptcy process: the auction of its assets.

Total heating and cooling equipment shipments eased again in July, according to the latest data released by the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).

The United Steelworkers union has asked U.S. Steel to elaborate on its Granite City Works plans following reports that the steelmaker is ending processing at the facility.

International trade law and policy remain a hot topic in Washington and beyond this week. We are paying special attention to the ongoing litigation of the president’s tariff policies and the administration’s efforts to heighten trade enforcement.

Mexico is considering imposing steep tariffs on imports of steel, automobiles, and over 1,400 other products. Its target? Countries with which it does not have free trade agreements, mainly China, India, Thailand, and other South Asian nations.

Nucor aims to keep plate prices flat for a seventh straight month with the opening of its October order book.

The Dodge Momentum Index (DMI) rose 7.5% in August after jumping nearly 21% the month prior. The index is now up 30% year-to-date, according to the latest data released by Dodge Construction Network. 

ArcelorMittal has partially restarted operations at its direct reduction plant in Lazaro Cardenas, Michoacan. An explosion on Aug. 18 rocked the massive steelworks on Mexico’s Pacific coast, impacting production of direct-reduced iron (DRI).

Tamara L. Lundgren has stepped down as CEO of Radius Recycling as of Sept. 1. She will remain executive chairman through the end of November.

Labor Day has passed, the sun is starting to set a little earlier each day, and cooler weather has begun to find its way down to many of us across North America. And you know what that means for the steel industry… Fall maintenance outages!

US raw steel production ticked up in the week ending on Sept. 6 after a decrease the week before, according to the most recent data from the American Iron and Steel Institute (AISI).

President Trump’s “reciprocal” tariffs under the International Emergency Economic Policy Act (IEEPA) were struck down again, this time on Aug. 29 by the Court of Appeals for the Federal Circuit (CAFC). The legal and policy mess continues, with the next stop being the US Supreme Court.