Radius loss narrows, volumes climb in 'healthy' West Coast market
Stronger steel demand in the Western US, rising scrap flows, and improved rolling mill utilization drove sequential gains for Portland, Ore.-based Radius Recycling.
Category: Product
Miller on Raw Materials: Are more DRI investments coming to the US?
Will more DRI investment come to the US?
Nucor maintains plate prices, opens August order book
Nucor aims to keep plate prices flat again with the opening of its August order book.
CRU: US stainless prices to rise on expanded S232 tariffs
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 […]
SMU Survey: Sheet lead times pull back after early-June blip, plate holds
Following the uptick seen two weeks ago, lead times eased this week for all four sheet products tracked by SMU, while plate lead times held steady, according to this week’s market survey.
Ferrous scrap mart enters 'summer doldrums'
Summer doldrums hit the US ferrous scrap market.
Galvanized steel demand unsteady amid lingering buyer fatigue: HARDI
Uneven demand for galvanized steel in June reflects a market that remains mired in uncertainty, according to industry sources.
SMU Price Ranges: Sheet slips despite tariff and Middle East shocks
Prices for steel sheet slipped this week despite Section 232 tariffs remaining at 50% and a US strike on nuclear facilities in Iran over the weekend.
OCTG industry salutes Customs for catching trade crooks
The US OCTG Manufacturers Association is commending US Customs for intercepting another Thai company's attempt to illegally transship Chinese oil pipe to the US.
Whirlpool says tariffs will bolster business
“Economically, the business case for products made in the us has become a lot more attractive," the CEO told Fox Business.
Brazilian pig iron sellers OK lower prices
The resistance Brazilian pig iron sellers had shown to accepting lower prices has proved short-lived, sources told SMU.
Worthington Enterprises buys Elgen Manufacturing
Worthington Enterprises acquires HVAC products maker Elgen Manufacturing.
Bulk freight increases complicate ferrous trade flows
Freight rates have risen $30-$50 on transatlantic cargoes, depending on the final destination.
Higher sheet and plate prices to bolster Nucor's Q2 earnings
Higher prices are boosting the performance of Nucor’s steel mills segment in the current quarter, the company said on Wednesday.
SMU Price Ranges: Sheet and plate prices tick higher again
Steel prices inched higher again this week across most of the sheet and plate products tracked by SMU.
US and Canada talk trade, market contemplates fate of S232 steel protections
Trade talks are progressing between the US and the market is contemplating the future of Section 232 tariffs.
Ferrous scrap market outlook brightens
Ferrous scrap sentiment picks up.
Metal recycler SMI acquires two new Kansas locations
Scrap Management Industries (SMI) has purchased two recycling facilities in Kansas.
More appliances added to downstream S232 tariff list
The Trump administration has expanded the list of derivative steel products covered by the now 50% Section 232 tariff.
Northwest Pipe changes name to NWPX Infrastructure
Northwest Pipe changes name to NWPX Infrastructure.
Export scrap market remains subdued
Despite high expectations, the export scrap market has not moved up.
CRU: Sheet demand remains weak, tariff changes again alter markets
Subdued demand has continued to weigh on steel sheet prices globally.
SMU Survey: Mills less negotiable on sheet prices, buyers say
Most steel buyers responding to our market survey this week reported that domestic mills are considerably less willing to talk price on sheet products than they were in recent weeks, but remain open to bargain on plate prices.
HRC vs. prime scrap spread widens in June
The price spread between HRC and prime scrap widened in June.
Brazilian pig iron prices fail to rise
Brazilian pig iron prices fail to rise after ferrous scrap market settle.
Ferrous scrap pricing sideways in June
Ferrous scrap prices in the US have remained stable from May to June.
Tariffs, ample domestic supply cause importers to shift or cancel HR import orders
Subdued demand is causing importers to cancel hot-rolled (HR) coil orders and renegotiate the terms of shipments currently enroute to the US, importers say. An executive for a large overseas mill said customers might find it difficult to justify making imports buys after US President Donald Trump doubled the 25% Section 232 tariff on imported steel […]
SMU Scrap Survey: Sentiment little changed despite uncertainty on demand, trade policy
Both current and future scrap sentiment as measured by SMU’s Scrap Market Survey are little changed from last month. The relative stability might reflect June’s sideways settlement. Both measures remain below where they were earlier this year.
Drilling activity slows in the US, grows in Canada
Oil and gas drilling activity was mixed this week, according to Baker Hughes. US totals slipped for a sixth straight week, while Canada saw a slight bump in activity.
SMU scrap market survey results now available
SMU’s ferrous scrap 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 “ferrous scrap survey” results. Past flat-rolled survey results are also available under that selection. If you need help accessing the survey results, […]