Category: Market Segment

The last article I wrote on Thursday, July 13, pointed to the surprising rallies in the August and September futures, while noting the August future trading to just below its multi-year down trendline.

U.S. Steel has announced a collaboration with Google Cloud to build applications using Google Cloud’s generative artificial intelligence (gen AI) technology.

After a sunset review, antidumping and countervailing duties on cut-to-length carbon-quality plate imports from India, Indonesia, and South Korea will remain in place for another five years.

Flack Global Metals (FGM) said it has completed an investment in Windsor America, parent of Windsor Door, Garage Door Services of USA and Lodi Door.

While Canadian integrated steelmaker Stelco remains committed to decarbonization its steelmaking operations, it has no plans to convert to electric-arc furnace (EAF) steelmaking, nor to buy an EAF steelmaker anytime soon.

A former leader of Ford Motor Co. recently spoke out on the potential for a United Auto Workers (UAW) strike at the Big Three Detroit automakers.

Canadian union Unifor kicked off negotiations with the Detroit 3 automakers today, with its president saying the “talks will be the most consequential and closely watched in decades.”

Canadian steelmaker Stelco reported lower results in the second quarter year over year on decreased average selling price per net ton and lower shipping volume, but earnings improved sequentially on higher average selling prices.

On Monday and Tuesday of this week, SMU polled steel buyers on a variety of subjects, including steel prices, demand levels, sheet prices abroad, inventory, and what people are talking about in the market.

H2 Green Steel is partnering with global mining and metals company Rio Tinto and Brazilian miner Vale for the supply of direct-reduction iron (DRI) ore pellets for the company’s green steel production in Sweden. 

Certain welded pipe and tube products being exported from Vietnam to the US are not circumventing antidumping duties on Taiwanese pipe products, the US Department of Commerce said this week.

Steel shipments in the US rose year over year in June but decreased sequentially, according to the latest figures from the American Iron and Steel Institute (AISI).

The Dodge Momentum Index (DMI) dropped in July due to varying trends in the commercial sector, according to the latest data from the Dodge Construction Network (DCN). The DMI dropped 0.9% from June’s revised reading of 195.1 to 193.4 in July, but it was still 21% higher than the same time last year. “While both segments […]

A strike at the Big Three Detroit automakers continues to loom on the horizon, and that potential is increasing as the United Autoworkers (UAW) union is pushing for big changes to labor contracts in the wake of soaring profits from the automakers.

Steel buyers continue to keep a close eye on prices and inventory levels as we head into the last four months of 2023.

GrafTech International Ltd. gained sequential improvement in the second quarter.

Nucor Corp. announced it will be providing steel to help build a new solar project in Kentucky. In addition, the steelmaker has agreed to purchase power from the project.

US raw steel production declined last week, with a significant drop seen in the South, according to data released by the American Iron and Steel Institute (AISI) on Monday, August 7.

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.