Category: Mills

Nine steel producers certified by the Global Steel Climate Council (GSCC) have avoided more than 32.5 million tons of carbon dioxide emissions between 2023 and 2025.

Total US raw steel mill output declined last week to the lowest rate seen since March, according to the latest figures published by the American Iron and Steel Institute (AISI). Production has trended lower since peaking in May but remains historically strong.

Nucor said on Tuesday, Sept. 8, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,190 per short ton (st) this week, a $5/st increase from a week earlier.

Hyundai Steel was scheduled to hold a ceremonial groundbreaking on its electric-arc furnace (EAF) mill in Louisiana on Friday, according to local media reports.

Rocky Mountain Steel Mills and the United Steelworkers (USW) union have reached a new five-year collective bargaining agreement.

If you’re looking for a deal on steel, this last week wasn’t the one to find one. (Nor was the week before that. Or the week before that.) Meanwhile, contract negotiations are heating up in one of the tightest markets since at least 2021. I've heard discounts will be lower, min-max ranges will be tighter, and there will be less freight equalization and waiving extras.

U.S. Steel has restarted the No. 14 blast furnace at its Gary Works in northwest Indiana after a $350 million reline.

Steel mill lead times held steady for sheet products this week and extended further on plate, according to buyers responding to our latest market survey. Production times have been historically long for most of the summer, currently at or near multi-year highs on each of the products we measure. Over two-thirds of the buyers responding to this week’s survey (68%) believe lead times will be flat two months from now, similar to recent surveys. Of the remainder, 19% predict lead times will extend further, and 13% expect contractions.

The 45-day outage will now take place in September instead of August, as initially planned, JSW Steel CEO Robert Simon said. 

Domestic steel production declined last week to the lowest weekly measure recorded since March, according to recently published American Iron and Steel Institute (AISI) figures. Although down, production has been historically strong for most of this year. This year we have seen weekly production levels as high as 1,898,000 st in May (six-year high) and as low as 1,704,000 st in the first week of the year.

The United Steelworkers (USW) union, U.S. Steel, and Cleveland-Cliffs on Monday agreed to extend the terms of their current labor contracts by 30 days. The current basic labor agreements between the USW and the two steelmakers had been scheduled to expire at 12:01 a.m. ET on Sept. 1. The extension allows the USW and the companies to continue negotiations. It also averts the immediate threat of a strike or lockout in a steel market already characterized by historically tight supplies.

Nucor raised its CSP for HR coil to $1,185 per short ton for spot orders placed this week, a $5/st increase w/w.

The United Steelworkers (USW) union and Cleveland-Cliffs remain at an impasse on key issues, the union said in an update to members on Friday.

The United Steelworkers (USW) union said it remains “very far apart” with U.S. Steel on the terms of a new labor contract. 

Nucor said on Friday its Plate Group plans to maintain base plate prices with the opening of its October orderbook.

The total volume of raw steel produced by mills around the globe eased for the second month in a row in July to an estimated 149.2 million metric tons (mt), according to the latest World Steel Association figures.

Mark Bula is wrapping up his two-plus-year tenure as CEO of Finland’s Blastr Green Steel.

Nucor Corp. has begun commissioning the melt shop at its new, $4 billion sheet mill in West Virginia, according to Noah Hanners, the company’s EVP of sheet. The pickle line is producing, the electric-arc furnace has been fired up, and steel production is expected soon.

Barry Zekelman supports durable, predictable steel trade protection—and the Section 232 tariffs in particular—as a foundation for reinvestment in domestic manufacturing capacity.

Welspun Corp. has bagged a $1.8 billion order to supply line pipes from its US manufacturing facility.

SSAB Americas plans to increase plate prices by at least $40 per short ton (st), according to a letter sent to customers on Monday.

Barry Schneider, Steel Dynamics’ president and COO, and chairman of the Steel Manufacturers Association (SMA), said transshipment is a central trade policy concern. Speaking during a fireside chat Monday afternoon at the SMU Steel Summit 2026 in Atlanta, he identified steel, fabricated products, and pipe as areas exposed to potential leakage through the two USMCA partners.

Nucor said on Monday, Aug. 24, that its CSP for hot-rolled coil will be $1,180 per short ton (st) for the week, a $10/st increase from a week earlier.

The United Steelworkers (USW) union remains “far apart” from U.S. Steel on issues that matter most to its members. Those top issues are health care, wages, retirement, and commitments to invest in union-represented facilities.

SMU’s average price for domestic hot rolled (HR) rose to $1,195 per short ton (st) week on week (w/w). In offshore markets, prices saw a more controlled rise.

SMU’s Mill Order Index (MOI) grew further in July, up for a third straight month. The result came as service center on-order volumes and new order entries accelerated, according to our latest service center inventories data.

Most steel buyers who responded to our market survey this week reported that mills are holding a firm grip on sheet and plate prices. The share of buyers reporting that mills were negotiable fell to the lowest rate seen in almost five years. Negotiation rates for three sheet products are down to multi-year lows.

Ahmsa’s steelmaking assets and its Minosa mining assets in northern Mexico will be sold together as a single productive “as-is” unit on the morning of...

Talleres y Aceros SA (Tyasa) has started up its new 350,000-metric-ton-per-year SBQ facility in Ixtaczoquitlán, Veracruz, Mexico.

Domestic raw steel production rose by 13,000 short tons (st) last week, a marginal recovery from the four-month low set one week prior, according to recently published American Iron and Steel Institute (AISI) figures.