Category: Mills

The hot rolled (HR) forward curve has rebounded following the Labor Day weekend. The index this week surprised a few folks as it barely slid double figures and remains above $750 per short ton (ST).

US imports look to have fallen to their lowest monthly level so far this year, based on August import license data compiled by the US Department of Commerce.

H2 Green Steel said it has raised ~€1.5 billion (USD$1.6 billion) in equity to finance the company’s large-scale green steel plant in Boden, Sweden, and Europe’s first “giga-scale electrolyzer.”

US Senator JD Vance (R., Ohio) said U.S. Steel must not be bought by a foreign bidder, according to an op-ed he published on Sept. 5 in the Washington Post.

Steel shipments in the US were down year over year and sequentially in July, according to the latest data from the American Iron and Steel Institute (AISI).

Boston Metal has closed on another round of financing, allowing it to move forward with bringing its breakthrough steelmaking technology to market.

Sweden’s H2 Green Steel has signed an agreement with Brazilian miner Vale to jointly study the feasibility of developing green industrial hubs in Brazil and North America.

Domestic raw steel production was slightly down last week as the South showed the largest regional decline, according to data released by the American Iron and Steel Institute (AISI) on Monday, Sept 5.

Sheet prices declined again this week amid persistent concerns about a potential strike at union-represented automakers.

President Biden downplayed the prospect of a strike by the United Auto Workers (UAW) union in comments on Monday, according to a report by Detroit’s WXYZ’s news.

Turkish scrap import prices have remained relatively stable over the past two weeks due to slow trade activity. This was partly due to the holiday on August 30. CRU’s latest price assessment for HMS1/2 80:20 is $368 /metric ton CFR, up $1 /metric ton week-over-week (WoW) and up $21 /metric ton month-over-month (MoM). The holiday […]

US and Canadian rig counts both dropped last week, according to the latest data from oilfield services company Baker Hughes. Active rigs in the US fell to 631 as of Sept. 1, down by one from the previous week. US oil rigs remained unchanged week over week at 512, while gas rigs fell by one […]

Olympic Steel said Leah M. Kiley has been promoted to the role of general manager for the company’s Minneapolis plate processing facility.

Nucor Corp. will lower plate prices by $40 per ton ($2 per cwt) with the opening of its October order book.

Spot hot rolled (HR) prices continued their gradual decent, losing almost $100 per short ton (ST) in August.

Steel mill lead times were largely unchanged this week, with hot rolled extending slightly and plate falling back marginally.

The overall mill negotiation rate slipped this week, though plate jumped, rising by 25 percentage points, according to SMU's most recent survey data.

Radius Recycling, formerly Schnitzer Steel Industries, said the company’s common stock will start trading on NASDAQ under the symbol ‘RDUS’ at the open of market trading on Sept. 1.

Cleveland-Cliffs Inc. and the United Steelworkers (USW) at Cliffs’ Northshore Mine in Minnesota have reached a tentative labor agreement.

The drop in imports from June to July was not as steep as license applications had suggested, but imports were still down both month on month (MoM) and year on year (YoY).

Although some construction companies have a backlog, many jobs are getting put on hold, according to members of the Heating, Air-Conditioning & Refrigeration Distributors International (HARDI) Sheet Metal/Air Handling Council.

Nucor broke ground on its newest micro mill in Lexington, N.C., on Friday.

If you attended our Steel Summit 2023 this year, you had the privilege to watch all of our knowledgeable speakers present live.

Leading voices in US the scrap industry discussed the current outlook and future challenges at Steel Summit 2023’s panel on Scrap and Metallics: Navigating the Boom in EAF Sheet Production.

U.S. Steel’s ‘strategic alternatives’ process is continuing. This week the Pittsburgh-based steelmaker confirmed to shareholders that it has entered into nondisclosure agreements (NDAs) and has begun due diligence on a potential sale.

Michigan-based distributor Mill Steel is growing its presence in Ohio.

US raw steel production dropped back down after the previous week's increase, according to data released by the American Iron and Steel Institute (AISI) on Monday, Aug. 28.

Alan Beaulieu, president of ITR Economics, joined us again at Steel Summit to talk about what is on the horizon for 2024.

President and CEO of Ternium Mexico Cesar Jimenez discussed positive demand trends and challenges in the Mexico market with SMU managing editor Michael Cowden during a fireside chat on Tuesday, Aug. 22 at the SMU Steel Summit in Atlanta.

Steel Summit's trade panel opened the conversation around the ongoing negotiations between the US and EU, decarbonization, and trade.