Cold snap pushes AZZ to temporarily close some locations in Southeast and Texas
AZZ Inc. posted on its website that it had temporarily closed more than half a dozen locations in response to the extremely cold weather gripping much of the US.
AZZ Inc. posted on its website that it had temporarily closed more than half a dozen locations in response to the extremely cold weather gripping much of the US.
Alton Steel Inc. (ASI), a special bar quality (SBQ) steel producer, said it will close operations later this week.
The US scrap market has come under pressure due to the extremely debilitating winter weather across the eastern half of the country.
Nucor’s consumer spot price (CSP) for hot-rolled coil increased to $965 per short ton (st), up $5/st vs. the prior week.
The latest tally of operational oil and gas rigs increased this week in both the US and Canada, according to the latest figures published by Baker Hughes.
A report on the sheet market this week.
Steel mill lead times held steady on most products this week following the surge seen in early January, according to responses from SMU’s latest market survey
The plate market’s swell of optimistic sentiment marking the start of 2026 dissipated this week.
The price gap between US hot-rolled coil (HR) and landed offshore product has been relatively flat to begin the year.
SMU’s sheet price indices climbed to new multi-month highs this week, while plate prices marginally declined.
Nucor’s consumer spot price (CSP) for hot-rolled coil increased to $960 per short ton (st), up $10/st vs. the prior week.
Speculation has already begun on what February has in store for the US scrap market after it rose $20-30 per gross ton (gt) in January,
US service centers’ flat-rolled steel supply recovered in December, after trending lower from September to November.
The Bureau of Land Management (BLM) has provided Warrior Met Coal official permits for expanding its Tuscaloosa, Ala.-based mining projects.
SSAB Americas, Nucor, and Oregon Steel Mills all announced higher plate prices on Friday.
Though they’re hopeful, domestic sheet market sources didn’t share a bullish outlook on the market this week.
The number of oil and gas rigs operating in the US fell this week, while Canadian activity recovered further, according to the latest data released from Baker Hughes.
The export markets in the Mediterranean Basin have shown firmness over the last month and have started to build in the first half of January.
The Commerce Department has released preliminary countervailable subsidy rates in the ongoing rebar trade case.
The opening weeks of 2026 are revealing a subtle but important change in the HRC futures market, as tightening physical conditions begin to exert greater influence over pricing dynamics.
The volume of steel shipped outside of the country increased 11% from September to October 2025 to a seven-month high of 662,000 short tons (st), according to recently released data from the US Department of Commerce.
Participants in the domestic steel plate market said they are maintaining strong order books, experiencing longer lead times, and finding mills are less open to negotiating prices.
The price spread between domestic hot-rolled coil and prime scrap widened for a fourth consecutive month in January, based on SMU’s most recent pricing data.
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.
The majority of SMU’s sheet and plate price indices rose this week, with multiple products climbing to new multi-month highs
Ferrous scrap prices jumped on all the products SMU tracks in January, scrap sources said.
A look at some of the results from SMU's January scrap market survey.
The imported basic pig iron market has shown upward price movement over the last week.
Nucor’s consumer spot price (CSP) for hot-rolled coil remains unchanged at $950 per short ton (st) for the fourth consecutive week.
Steel plate market participants think increasing spot prices and growing order volumes could stick around. That’s two encouraging signs for the year ahead, they said. Oregon Steel Mills, SSAB, and Nucor all increased base prices for plate products by $40 per short ton (st) in the final weeks of December. SMU data also indicates that mills […]