Category: Product

Following last week’s pause, SMU’s price indices were overall steady to higher this week, holding at or near multi-month highs.

US shipments of heating and cooling equipment fell 11% in October from September to the lowest monthly rate of the year, and an eight-year low, according to AHRI.

There are few firm predictions about the January scrap market in North America at mid-month except to say it will be stronger. The question is by how much?

SMU and AMU are pleased to announce that Wells Fargo Managing Director Timna Tanners will be joining us for a Community Chat webinar on Wednesday, Dec. 17, at 11 am ET.

Following August’s modest 4% uptick, the volume of steel shipped outside of the country slipped 8% in September to 594,000 short tons, according to recently released data from the US Department of Commerce.

Chicago-based pipe and tube producer Zekelman Industries has promoted Kevin Heffernan to president of the company's electrical business.

Flat rolled = 50.6 shipping days of supply Plate = 52.8 shipping days of supply Flat rolled US service centers’ flat-rolled steel supply declined for the fourth straight month, reaching 50.6 shipping days of supply on an adjusted basis at the end of November, according to SMU data. Flat roll supply is at its lowest […]

Nucor increased its weekly hot-rolled coil spot list price by $10 per short ton (st) again on Monday, Dec. 15. This was its eighth increase in as many weeks, moving up $65/st over that span.

According to recently finalized US Commerce Department data, US steel imports tumbled to a near five-year low in September

The US rig count edged down this week while the Canadian count inched up, according to the latest Baker Hughes data released on Friday, Dec. 12.

US longs prices diverged in early December, with rebar and structurals prices rising on data center demand while wire rod remained flat, as domestic mills balanced the market. Import volumes, in November, declined sharply across all longs.

SMU’s latest steel buyers market survey results are now available on our website to all premium members.

After another eventful week in the steel market comes to a close, one of the most interesting developments has been timing.

Steel mill lead times held relatively steady this week on both sheet and plate products, according to responses from SMU’s latest market survey.

Participants in the domestic coil market hope producer price increases indicate strong market conditions entering the new year.

Less than half of the steel buyers who responded to our market survey this week reported that domestic mills are willing to talk price on new spot orders

Plans are in the works to save 500 steelworker jobs at Algoma Steel and to construct two new mills – a plate mill and a beam mill, according to various local media reports.

The pig iron market in Brazil has moved up since our last report for US-bound cargoes.

The price gap between stateside hot band and landed offshore product continues to narrow toward parity, now at its lowest level in five months.

Mike Mechley, executive vice president of procurement at Zekelman Industries, is retiring after nearly two decades with the Chicago-based company.

Nucor has announced new base prices for galvanized steel products as of Wednesday, Dec. 10.

SMU’s sheet and plate prices took a breather this week, holding relatively steady at multi-month highs.

US ferrous scrap prices have picked up in December, sources told SMU.

SMU’s December ferrous scrap market survey results are now available on our website to all premium members.

Nucor increased its weekly hot-rolled coil spot list price by $10 per short ton (st) on Monday, Dec. 8.

NEMO Industries CEO Daniel Liss has already made waves with his bold plan to bring pig iron production back to US soil. In an SMU Community Chat on Wednesday, he shifted the conversation from inspiration to execution, laying out timelines, financing strategies, and customer demand that could reshape the steel supply chain by the end of the decade.

The Pennsylvania Commonwealth Court has sided with Wheatland Tube, a Zekelman Industries company, in a landmark trade ruling that bars public agencies and contractors in the state from using Mexican-made steel conduit in state-funded projects.

US and Canadian rig counts both increased this week, according to the latest Baker Hughes data released on Friday, Dec. 5.

Recent supply constraints, price increases, shifts in EV and emissions policy, and continued innovation in steel have revived the question of whether automakers might move some applications back from aluminum to steel.

NLMK has revised their galvanized and galvanneal coating extras effective January 2026.