Goncalves: Cliffs in no rush on POSCO deal or asset sales
Cleveland-Cliffs President and CFO Celso Goncalves said no deal was imminent between the company and South Korean steelmaker POSCO because of disagreements over valuation.
Category: Mills
Cleveland-Cliffs narrows losses in Q2, predicts stronger 2H and 2027
Cleveland-Cliffs Inc. narrowed its losses in the second quarter thanks to increased demand, higher prices, longer lead times, and limited import competition.
SMU Survey: Mill negotiability slips, sheet hits multi-year lows
The majority of steel buyers responding to our market survey this week report that mills are holding a firm grip on prices
SSAB Americas logs lower Q2 profits, sees outage charges in Q3
Swedish steelmaker SSAB reported lower profits in the second quarter at its Americas unit. And it expects outage charges in the third quarter.
SDI backs strong trade policy, says US scrap supply 'ample'
Steel Dynamics Inc.'s (SDI's) executives said they are working with the current administration towards keeping a robust trade policy that favors US products, and that scrap supply in the US remains "ample."
USW turns up heat in USS labor contract talks
USW pushes back on preliminary contract updates amid USS negotiations.
SDI posts higher Q2 profits on record shipments, sees good times rolling into 2027
Steel Dynamics Inc. posted sharply higher profits on record quarterly shipments and predicted the good times might continue to roll into 2027.
AISI: Domestic mill production eases to 3-month low
Total US raw steel mill output declined last week to the lowest rate seen since April, according to the latest American Iron and Steel Institute (AISI) figures
Nucor holds spot HR price at $1,135/ton
Nucor said its consumer spot price for hot-rolled coil will be $1,135 per short ton for the week of July 20.
Liberty Steel temporarily furloughs workers at Illinois wire rod mill
Liberty Steel workers at its Bartonville, Ill., facility face furloughs after an industry downturn, according to a media report.
HR buyers foresee bullish market through the second half of 2026
Some hot-rolled coil market participants said they're optimistic that the market will remain strong throughout the rest of the year.
Orion Steel taps Ptacek as president
Orion Steel has appointed Todd Ptacek as its new president.
Rocky Mountain Steel delivers first stick of rail to Union Pacific
Rocky Mountain Steel Mills said that Union Pacific Railroad received the first stick of rail from the steelmaker’s new long rail mill in Pueblo, Colo.
CRU: UK renationalizes British Steel
The British government has taken longs producer British Steel back into public ownership, arguing it will protect the future of steel production in the UK.
SMU Community Chat: Zekelman talks demand, data centers, and trade enforcement
Barry Zekelman showed up to last Wednesday’s SMU Community Chat as his usual self: energized, blunt, and unapologetically bullish on the US steel industry.
Plate sources predict higher spot prices, no peak in sight
Some domestic plate market sources expect spot price rises through the end of the year due to prolonged supply constraints.
Nucor aims for a $60/ton bump on plate prices, holds fuel surcharge
Nucor plans to increase plate prices by $60 per short ton (st) with the opening of its September order book. It will also maintain its previously announced fuel surcharge of $10/st effective on all shipments beginning August 1
Oregon Steel Mills aims to increase plate prices by $60/ton, again
Oregon Steel Mills is attempting to push spot plate prices up by at least $60 per short ton.
SMU Survey: Mills benefit from tariffs as buyers wait for supply
SMU’s July 10 Flat-Rolled Steel Survey results paint a picture of a steel market being squeezed from every direction. Tariffs are holding prices up and giving mills a clear advantage, while manufacturers and traders say the policy is pushing their costs higher.
AISI: Raw steel mill output slips, holds historically strong
Domestic raw steel output eased to an 11-week low last week, according to recently released American Iron and Steel Institute (AISI) figures
Nucor ups spot HR price by $5/ton
Nucor said its consumer spot price (CSP) for hot-rolled coil will be $1,135 per short ton (st) for the week of July 13, up $5/st from last week.
USS: No customer impact expected from death at Granite City Works
A worker died on Saturday morning at U.S. Steel’s Granite City Works near St. Louis, the company and the United Steelworkers (USW) union said.
SMU Survey: Extended sheet lead times take a breather, plate pushes out
Steel mill lead times for flat-rolled steel this week remained extended at historical highs. Plate production times crept out further, while hot-rolled and cold-rolled (HR/CR) coil saw minor contractions.
SMU Survey: Buyers continue to report limited mill negotiability
The majority of steel buyers we polled this week reported that mills are holding firm on new order spot prices.
AZZ lifts full-year outlook on strong coating momentum
AZZ President and CEO Tom Ferguson said the Texas-based coil coating and galvanizing company is off to a great start in its 2027 fiscal year.
SSAB ups plate prices by $40/ton, again
SSAB Americas plans to increase plate prices by at least $40 per short ton (st), according to a letter sent to customers on Wednesday.
AISI: Raw steel production ticks back up
Total US raw steel output recovered last week after declining in the three prior weeks, according to recent American Iron and Steel Institute (AISI) figures.
Atlas Tube, Maruichi USA cease joint venture discussions
Talks of a potential joint venture between Atlas Tube and Maruichi USA have ended.
Cliffs awarded $400M GOES contract from Department of War
Cleveland-Cliffs has been awarded a $400 million contract by the US Department of War for grain-oriented electrical steel (GOES), the department announced last week.
Nucor holds spot HR price at $1,130/ton, again
Nucor said on Monday, July 6, that its hot-rolled coil consumer spot price will remain unchanged at $1,130 per short ton for the week.