Category: Mills

The United Steelworkers’ (USW) president released a video on Monday touting the union’s commitment to getting a good contract for its workers in the current negotiations.

Nucor upped its consumer spot price (CSP) for hot-rolled coil by $5/st to $1,160/st for the week of Aug. 10.

Recent conversations with some hot-rolled coil spot market participants revealed spiking stress levels amidst a tightening supply of the steel sheet product.

The US domestic scrap market seemed to get off to a fast start on Tuesday, but things have begun to get drawn out again as mills are still considering August pricing. Several of the larger multi-mill buyers have not officially settled.

Gerdau reported stronger results from its North American operations in the second quarter, with EBITDA up 15% from the prior quarter on firm demand and high asset utilization.

Ternium reported higher sales, profit, and shipments in the second quarter. Mexico remains the company’s strongest market even as US trade measures add uncertainty across North America.

June US steel mill shipments jumped 4.8% from May and 8.7% from June last year.

U.S. Steel reported stronger second-quarter results, with higher sales, a return to profitability, and record operating performance across key assets.

SDI has promoted Theresa Wagler, presently EVP and CFO, to president and CEO, effective Jan. 1, 2027. Mark Millett will retire and transition to executive chairman of the board.

The amount of raw steel produced by US mills increased last week to the highest rate recorded since early June. Domestic production has been historically strong for over five months now.

Nucor increased its consumer spot price for hot-rolled coil to $1,155 per short ton for the week of Aug. 3, up $10/st from last week.

ArcelorMittal executives said they are eyeing a potential second EAF at the company’s Calvert, Ala., operations.

The United Steelworkers (USW) informed members it continues bargaining with Cleveland-Cliffs about both the union's Training Committee and the Contracting Out Committee.

Algoma’s CEO touted the company’s plate production and its focus on the Canadian market.

U.S. Steel has flagged job loss among its concerns with a proposal presented by the Gary Common Council in Indiana.

Speaking on the company’s second-quarter earnings call, executives described a sheet market defined by broad-based demand, disciplined pricing behavior, and a structural shift in customer buying patterns.

Nucor has completed its steel utility structure manufacturing facility and its transmission tower expansion project in West Hazleton, Pa.  

The total volume of raw steel produced by mills around the globe eased 2% in June, according to worldsteel.

Nucor's earnings nearly doubled in the second quarter on the back of higher prices and shipments in its steel mills segment.

Domestic steel mill output increased last week and remained historically strong, according to recently released American Iron and Steel Institute (AISI) figures.

Nucor said its hot-rolled coil consumer spot price will be $1,145 per short ton for the week of July 27, up $10/st.

Cleveland-Cliffs’ top executive said any restart of the blast furnace at its Dearborn Works in Michigan hinges on automakers reshoring more production to the US.

Steel mill lead times have trended upward since last November and now stand at or near multi-year highs for all products.

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.

Cleveland-Cliffs Inc. narrowed its losses in the second quarter thanks to increased demand, higher prices, longer lead times, and limited import competition.

The majority of steel buyers responding to our market survey this week report that mills are holding a firm grip on prices

Swedish steelmaker SSAB reported lower profits in the second quarter at its Americas unit. And it expects outage charges in the third quarter.

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 pushes back on preliminary contract updates amid USS negotiations.

Steel Dynamics Inc. posted sharply higher profits on record quarterly shipments and predicted the good times might continue to roll into 2027.