Category: Market Segment

The US Department of Commerce has updated antidumping duties on several welded pipe and tube products, according to Federal Register filings reviewed by SMU.

Last week’s indictment of former president Donald Trump has ignited a blizzard of commentary. Not much of it has looked at the implications for the global trade order. Over the next year and a half, major trade and strategic initiatives will be negotiated with adversaries as well as allies: everything from the steel and aluminum negotiations with the EU to the war in Ukraine.

The spread between hot-rolled coil (HRC) and galvanized coil base prices widened over the last month as hot rolled prices declined faster than prices for galvanized product.

Iron ore prices remained elevated in July, averaging $112 /dmt for the month, unchanged from June.

Rig counts in the US and Canada are back down this week according to to the latest data from oilfield services company Baker Hughes.

US steel imports look to have fallen significantly during the month of July, based off license data from the US Department of Commerce collected through July 31.

SMU's Current and Future Steel Buyers Sentiment Indices have both fallen this week from the last market check, according to our most recent survey data.

We’re two weeks away from the 13th annual SMU Steel Summit.

The latest SMU Market Survey results are now available on our website to all Premium members.

Despite an uncertain economic outlook, Olympic Steel is expecting demand to remain steady in the current quarter.

Movements in lead times were again mixed in SMU’s market check this week, with most products mostly sideways compared to two weeks ago.

Klöckner & Co. reported a positive cash flow in its latest earnings release. Despite a tough economic climate, it is leaning on its strengths to weather a moderately unfavorable outlook.

The percentage of respondents saying mills were willing to negotiate price rose on all sheet products and plate this week, according to SMU's most recent survey data. 

An article published on July 30 said that U.S. Steel appeared to be getting out of the tinplate business. That was incorrect. U.S. Steel remains in the tinplate business. It continues to process orders from existing customers and to accept orders from new customers.

Latin American steelmaker Ternium remains optimistic that positive trends in the Mexican market will help it to continue increasing its market share.

While Ternium is expecting an increase in shipments in the current quarter, a decrease in earnings is also anticipated due to lower international steel prices and higher unit costs.

The Global Steel Climate Council (GSCC) has officially published its Steel Climate Standard.

David Stickler is eager to demonstrate how advancements in technology can contribute to making the rebar market more sustainable.

The newly formed Hybar company has secured financing for its planned 630,000-tons-per-year rebar mini mill being built in northeast Arkansas.

Effective in September, former Goldman Sachs analyst Emily Chieng is joining U.S. Steel as the Pittsburgh-based steelmaker’s new investor relations officer.

Nucor plans to keep plate prices flat for yet another month.

Canadian metals distributor Russel Metals announced it is selling off 50% of its equity in TriMark Tubulars Ltd. to Japan’s Marubeni-Itochu Tubulars Ltd. (MITI).

Kloeckner Metals Corp. has completed the acquisition of National Material of Mexico.

In administrative reviews of the antidumping and countervailing duty orders on corrosion resistant (galvanized/Galvalume) steel from South Korea, the US Department of Commerce has preliminarily adjusted the duties downward.

Steel Dynamics Inc.’s hot strip mill in Sinton, Texas, is back up and running after a month-long unplanned outage.

Steel Dynamics, Inc. (SDI) has entered into a new partnership with a subsidiary of NextEra Energy Resources, LLC to produce 308 megawatts of energy from a wind farm project in Texas.

Ryerson said it expected demand to weaken in the near term after it reported a slump in second-quarter earnings. The Chicago-based service center group reported net income of $38 million in Q2’23, down 81% from $196 million a year earlier on revenue that fell 23% to $1.34 billion. “Shifting consumer spending patterns, higher interest rates, […]

Ryerson said it expected demand to weaken in the near term after it reported a slump in second-quarter earnings.

US raw steel production inched up for a third consecutive week, according to data released by the American Iron and Steel Institute (AISI) on Monday, July 31. Steel production in the US increased to 1,749,000 net tons for the week ended July 29, up 0.5% from 1,741,000 net tons the previous week. US production is 1.6% higher […]

Mexican steelmaker Altos Hornos de México (AHMSA) said there could be an “indefinite” delay to the restart of production because of a blockade by activists.