Category: Mexico

We have seen a wave of service center transactions announced since the beginning of the month.

I want to thank the Heating, Air-conditioning & Refrigeration Distributors International (HARDI) for the opportunity to speak at their annual conference in Phoenix. I enjoyed the proceedings and participating in a panel for HARDI’s sheet metal/air handling council. I can’t recap all that we discussed in a few hundred words. But I’d like to share […]

CRU analysts share an update on the aluminm markets.

The export market for ferrous scrap has been strengthening over the last month by a sizable margin.

On Monday and Tuesday of this week, SMU polled steel buyers on a variety of subjects, including steel prices, demand, inventories, imports, and what people were talking about in the market.

There has been almost an assumption that US mills would get the $950-1,000 per ton ($47.50-50 per cwt) they were seeking on HR base and $1,150-2,000 per ton ($57.50-60 per cwt) for cold-rolled and coated base. Recall that Cliffs initially announced an increase and said it was seeking $1,000 per minimum for hot-rolled coil. Nucor […]

On Monday and Tuesday of this week, SMU polled steel buyers on a variety of subjects, including steel prices, demand, inventories, imports, and what people were talking about in the market.

Cleveland-Cliffs announced it would seek a minimum base price of $1,000 per ton ($50 per cwt) for hot-rolled coil (HRC) on Nov. 7. Nucor said a day later that it was aiming for $950 per ton. Why didn’t Nucor follow Cliffs up to $1,000 ton? I think there might be some possible answers in our […]

There seems to be a consensus that US sheet prices have nowhere to go but up in the short term, in part because offshore material ordered now won’t arrive until late March or even April.

ArcelorMittal’s earnings declined in the third quarter of 2023 both sequentially and on-year.

It was sort of like the UAW strike. It started out small. Then got big fast. Below is a timeline of the steelmakers’ target HRC prices since the spot market bottomed out in late September.

Declining demand and a challenging economic environment impacted Gerdau’s shipments in North America during the third quarter.

Steel Dynamics Inc. (SDI) scrap subsidiary OmniSource has acquired a 55-acre rail-served tract near the Port of Houston to expand its metal recycling operations along the Gulf Coast.

You could make a case that Nov. 1 was April Fool’s Day for steel – or at least for the widespread rumor that Cliffs would announce a $10-billion deal for U.S. Steel on that date. I’m not going to endorse any precise date or price tag. But I’d be surprised if a deal – or […]

There was consensus that steel prices would crash on the UAW strike and then rebound just as sharply once the union and the “Big Three” automakers reached tentative deals.

Klöckner & Co. said it has agreed to acquire South Carolina-based fabricator Industrial Manufacturing Services (IMS) through US subsidiary Kloeckner Metals Corp.(KMC).

Klöckner & Co. posted a narrower net loss in the third quarter as the Duisburg, Germany-based service center group touted the expansion of its North American footprint.

On Monday and Tuesday of this week, SMU polled steel buyers on a variety of subjects, including steel prices, demand, inventories, imports, the UAW strike, and what people were talking about in the market.

Latin American flat-rolled steelmaker Ternium is seeing strong demand in Mexico, its main market. With its new mill in Pesquería, Mexico, up and running, more lines there set to come online, and the company now holding an increased stake in Brazilian mining and steel company Usiminas, Luxembourg-based Ternium is optimistic about the future direction of the company.

Ryerson saw lower sales and shipments in the third quarter and is anticipating further declines in the last quarter of the year.

The ferrous export market in the US has experienced several geopolitical events and natural disasters during 2023.

Mill lead times for flat-rolled products pushed out this week once again across the board.

US sheet mills launched a coordinated push to increase sheet prices for the first time since June.

Nucor’s President and CEO Leon Topalian has been named the new chairman of the World Steel Association (worldsteel).

Specialty steel producer Grupo Simec has permanently closed down its Republic Steel mills in Canton, Ohio, and Lackawanna, in New York state, it has emerged.

The sheet market appears poised for a rebound if you’re looking at the indicators we typically track.

Esmark Steel Group has established Esmark Steel International, a business focused on supplying the Mexican industrial steel market.

Worthington Industries Inc. announced on Oct. 5 the expansion of its Tempel Steel facility in Apodaca, Mexico.

Did the price increase announced by Cleveland-Cliffs last week stick? Yes, at least partially.

Will the sheet price hike announced by Cleveland-Cliffs (and quietly followed by at least some mills) stick?