Category: Overseas

What the word "sideways" means can depend on where you sit on the procurement spectrum.

The ferrous scrap export market off the US East Coat and Gulf Coast has remained basically sideways over the last month. This mirrors the lack of movement in the US domestic market.

Several EU member states have published a ‘non-paper’ that puts forward proposals for a post-safeguard trade measure.

Hot-rolled (HR) coil prices in the US edged lower again this week, while offshore price were little changed. Stateside prices continue to trail imports from Europe, supported by Section 232 steel tariffs.

US and European steel trade groups were at odds over their reaction to the recent trade deal President Trump brokered with the EU.

GrafTech International attributed its second-quarter net loss to a non-cash tax expense and lower weighted average realized prices.

As the president’s August 1 tariff deadline approaches, the “Let’s Make a Deal” game show returns to primetime (the Monty Hall version, of course). As the administration begins rolling out trade deals, we are starting to see what’s behind door number one and who is getting a “zonk.”

With 30 years of experience at Steel Dynamics, Barry Schneider reflects on the company and the state of the steel industry.

Cold-rolled (CR) coil prices continued to decline in the US this week, while prices in offshore markets ticked higher.

Is there any clarity to be hoped for on the tariff front?

Hot-rolled (HR) coil prices in the US edged lower again this week but have remained in a tight band for roughly four months. Stateside prices continue to trail imports from Europe, supported by Section 232 steel tariffs that were doubled in early June.

Cold-rolled (CR) coil prices continued to tick lower in the US this week, with a similar trend seen in offshore markets.

Chinese steel export prices are expected to rise and support prices across most of Asia in the coming month. In Europe, buyers are likely to frontload import orders ahead of CBAM imposition, while new trade agreements are likely to emerge in the US. Steel prices in the APAC are expected to rise, except in India […]

Earlier this week, SMU polled steel buyers on an array of topics, ranging from market prices, demand, and inventories to imports and evolving market events.

Stateside prices continue to trail imports from Europe, supported by Section 232 steel tariffs that were doubled in early June.

President Trump's threatened tariffs on Brazil, USMCA partners, and Europe could shake up the scrap and pig iron markets in August.

CRU Principal Analyst Shankhadeep Mukherjee expects a restocking cycle for steel sheet products in most parts of the world due to either low inventories or seasonally stronger demand.

Hot-rolled (HR) coil prices in the US ticked down this week but have fluctuated little over the past month. Stateside tags continue to trail imports from Europe, supported by Section 232 steel tariffs that were doubled in early June.

With steel prices drifting and trade flows shifting, CRU analysts provided a grounded look at what's really happening — and what's not — across the metallics supply chain during Wednesday's SMU Community Chat.

David Schollaert presents this week's analysis of hot-rolled coil prices, foreign vs. domestic.

Ferrous scrap export activity has picked up steam.

Will more DRI investment come to the US?

Stainless prices in the US market will rise, following price increases by major US producers. Our base case scenario incorporates higher US prices in the near term, despite the initial negative reaction by the market.       US stainless prices will go up in 2025 H2 and will stay elevated in 2026 as tariffs on stainless […]

“Contractors say that they're still busy, but their order books have gotten a lot softer or a lot more uncertain,” said Ken Simonson, chief economist for The Associated General Contractors of America.

Worthington Steel earnings rose while sales fell in its fiscal fourth quarter.

CMC entered the back half of its fiscal year with improving steel margins, steady rebar demand, and confidence in long-term construction fundamentals

Not many people in the North American steel market had direct US involvement in another Middle East conflict on their bingo card. Prices weren't expected to shoot higher unless something unexpected happened. That unexpected something has now happened. And there is talk of oil at $100 per barrel. What does that mean for steel?

US cold-rolled (CR) coil prices continued to tick higher this week, while offshore markets were mixed.

The document makes clear that Nippon Steel, through Nippon Steel America, will have “100% ownership of [the] common stock.” So if you want to own an interest in U.S. Steel’s future success, you will need to buy shares in Nippon Steel on the Nikkei stock exchange. It certainly will not be in your domestic S&P 500 ETF.

Your highlights on the week in trade developments, price increases, scrap news, and more.