Category: Market Segment

Canada’s Algoma Steel announced ~1,000 layoffs on Monday as a result of disruptions from the US tariff situation.

Oregon Steel Mills has joined other producers, announcing a price increase of at least $40 per short ton for steel plate.

ArcelorMittal Dofasco and Stelco are aiming to increase spot market base prices by a minimum of CA$100 per short ton (US$72/st), effective immediately.

Nucor increased its weekly hot-rolled coil spot list price by $5 per short ton (st) on Monday, Dec. 1. This was its sixth increase in as many weeks, moving up $45/st over that span.

Algoma Steel CEO Michael Garcia has been recognized by Canada’s The Globe and Mail newspaper as “CEO of the Year: Corporate Citizen.”

SMU’s latest steel buyers market survey results are now available on our website to all premium members.

Steel mill lead times extended this week on all sheet and plate products tracked, according to responses from SMU’s latest market survey.

US steel imports declined considerably in September and October, with trade falling to reduced levels not seen in nearly five years.

President Donald Trump has officially invoked his “golden share” in U.S. Steel, making two related appointments.

Republic Steel’s shuttered facilities in Lorain, Ohio, could find new life as international steelmakers, citing US tariffs, explore restarting operations there.

German Economy Minister Katherina Reiche expressed frustration with US levies on steel and aluminum products. The US contends the EU is unfairly targeting its big tech firms.  

SSAB Americas aims to increase prices on all its products by at least $40 per short ton (st).

Domestic steel production improved last week, according to the latest figures from the American Iron and Steel Institute (AISI).

General Motors (GM) is planning a ~$250 million investment to upgrade its Parma Metal Center. The outlay is part of GM's plans to invest ~$4 billion in its US-based manufacturing operations over the next two years. Its 2025 reshoring commitments currently total over $5 billion.

Nucor increased its weekly hot-rolled coil spot list price by $5 per short ton (st) on Monday, Nov. 24. This was its fifth increase in as many weeks.

Following four consecutive monthly declines, world crude steel output recovered 1% from September to October to an estimated 143.3 million metric tons (mt), according to the World Steel Association (worldsteel).

Wiley attorneys Alan Price and Ted Brackmeyer argue that significant changes to the USMCA and continued Section 232 tariffs on Canada and Mexico are needed to support American steelmaking.

Across BlueScope as a whole, it was the North Star operations in Delta, Ohio, that shone brightest in the Australian company's first-half fiscal 2026 trading update.

US and Canadian rig counts both improved this week, according to the latest Baker Hughes data.

You may have heard about traders “canceling” metal on the London Metal Exchange and shipping it out. Here's a guide to understand that process.

ArcelorMittal's Mexican operations have faced a turbulent stretch over the past two years, marked by labor unrest and operational setbacks at its Lázaro Cárdenas steelworks.

We’ve been writing a lot about steel prices lately and what might happen with President Trump’s trade and tariff policy. I’d like to take a little break from that today. Instead, I'll focus instead on something I always find exciting and inspiring – namely, new mills.

Steel market chatter from our most recent survey.

Architecture firms reported a modest improvement in billings in October, though business conditions remained soft, according to the latest ABI report.

SunCoke Energy Inc. and Cleveland-Cliffs Inc. have agreed to extend their coke supply agreement for another three years.

Triple-S Steel Holdings has acquired Galveston service center Industrial Material Corp.

Flack Global Metals announced two leadership appointments to drive the commercial strategy of the Scottsdale, Ariz.-based service center and industrial platform.

Algoma Steel plans to continue its transition to electric-arc furnace (EAF) steelmaking using the CA$500 million in loans from the Ontario provincial and Canadian federal governments.

SMU’s Mill Order Index (MOI) surged in October after a notable decline the month prior. The recovery came as service center on order inventory totals picked up, supported by a slight uptick in shipments, according to our latest service center inventories data.

U.S. Steel’s Arkansas facilities provided more than $2 billion to local and state economies in fiscal year 2024, according to a newly released economic impact report.