Category: Mills

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.

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.

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.