The president’s April 2 proclamation restructures how derivative products are classified, valued, and tariffed – a shift that industry groups say will close loopholes but could raise costs for certain downstream imports.
The petitions allege that foreign producers are selling seamless and welded OCTG at unfairly low prices and, in Austria’s case, benefitting from countervailable subsidies.
Metalformers’ economic outlook for the second quarter softened in March, said the Precision Metalforming Association (PMA).
Most steel buyers see prices continuing to inch higher on stable or improving demand. But some are concerned higher energy prices stemming for the Iran war could dent the overall economy.
Ken Simonson, chief economist for The Associated General Contractors of America (AGC), will join SMU for a Community Chat webinar on Wednesday, April 15, at 11 a.m. ET.
The galvanized sheet market continued to tighten in March as distributors and service centers reported firm demand, low inventory levels, and rising transportation costs. Participants on the monthly HARDI sheet metal and air-handling call on Wednesday described a market defined by constrained supply and steady upward pricing pressure.
Heating and cooling equipment shipments declined in January to the second-lowest rate recorded over the past nine years.
Participants in the US hot- and cold-rolled sheet market cautiously called the week a win as prices inched north and demand picked up.
Plate industry sources said the market has been characterized by three factors lately: fewer domestic mills willing to fulfill spot buys, inconsistent lead times, and erratic demand.
SMU sits down with JSW Steel USA CEO Rob Simon.
Volkswagen workers in Chattanooga, Tenn., voted overwhelmingly last week to ratify a labor contract with the United Autoworkers. The deal marks the first union contract for Southern autoworkers outside the “Big Three” Detroit-area automakers.
Participants in the domestic sheet market say they experienced lighter inquiries and fewer orders than in previous weeks, rendering domestic mill price increases for spot-market hot- and cold-rolled coils irrelevant.
The galvanized steel market is navigating price increases and longer lead times with a surer footing than in prior months.
Emissions rules, production limits and material substitution are reshaping steel and aluminum use in North American vehicles.
Once wintery weather gives way to sunnier spring conditions, plate sources foresee the market accepting the $50-60 per short ton spot price increases issued by Nucor Plate Group, Oregon Steel Mills, and SSAB.
Barry Zekelman used his Tampa Steel Conference fireside chat to deliver one of the bluntest assessments yet of the forces shaping North American steel. He warned that a flawed tariff structure and an impending power crunch threaten the industry more than most realize.
Companies are framing 2026 around backlog, mix and production discipline rather than a uniform market recovery.
Plate production for the construction of the Polar Max Icebreaker is underway at Algoma’s Sault Ste. Marie facility in Ontario.
Plate market participants expect domestic producers to issue a $40-60 per short ton (st) price increase.
Baker Hughes' latest rig count report shows oil and gas drilling picked up in the US this week, but slowed in Canada. Oil drilling in both countries is down from last year, while gas drilling has picked up, mainly in the US.
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]
Sheet market participants said conditions this week were more stable than in past weeks, but they remain cautiously optimistic overall.
There is no evidence that unofficial talks are taking place to secure tariff reductions on Canadian aluminum or steel. One of the biggest challenges is simply understanding what the US actually wants from Canada.
Participants in the hot- and cold-rolled coil markets said winter storms in the East and Midwest may disrupt weekly order volumes and prices.
Metalforming manufacturers anticipate strong near-term economic conditions that will give way to increasing orders, according to the Precision Metalforming Association (PMA) Business Conditions Report for January 2026.
A report on the sheet market this week.
The plate market’s swell of optimistic sentiment marking the start of 2026 dissipated this week.
Though they’re hopeful, domestic sheet market sources didn’t share a bullish outlook on the market this week.
The galvanized steel market has kicked off the year with a firmer tone, marked by rising prices, lengthening lead times, and a noticeable shift in buyer sentiment. Service centers and distributors on HARDI’s latest sheet metal and coil handling council call described a market that is not overheating but steadily tightening.
Shipments of heating and cooling equipment fell for the sixth straight month in November, reaching the lowest rate seen since October 2016, according to the latest data released by the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).