Category: Region

The USW's contracts with Cliffs and USS expire on Sept. 1 of this year.

Flat-rolled steel prices inched upward again this week as mixed demand appeared to be offset by limited supplies.

General Motors Canada has laid off ~500 workers at its Oshawa Assembly facility in Ontario, as the plant moves to two shifts of production as of Monday, Feb. 2.

Steel imports remain weak in November and December according to recently released final US Commerce Department data. Many of the sheet and plate products we follow slipped to multi-year lows.

The US Department of Commerce has found that certain steel pipe rolled in Oman using Chinese hot-rolled coil is illegally circumventing anti-dumping and countervailing duties (AD/CVDs).

O’Neal Industries (ONI) has announced changes to its top leadership. The Birmingham, Ala.-based family-owned metals service center group said the following appointments are effective immediately.

The amount of raw steel produced by US mills eased last week according to the AISI. Production remains strong compared to the multi-month lows seen at the end of the year.

The latest Institute for Supply Management (ISM)’s Manufacturing PMI report found manufacturing activity expanded in January 2026. The preceding 26 consecutive months’ reports showed manufacturing activity in contraction.    

BlueScope’s new chief executive used her first public address to signal a faster, more aggressive phase for the steel company. She underscored the strength of its US operations and the rejection of a recent takeover proposal she said “materially undervalued” the business.

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.

The US Environmental Protection Agency (EPA) has proposed reversing the Biden-era “Good Neighbor Plan,” which mandated federal limits on certain industrial emissions.

Participants in the hot- and cold-rolled coil markets said winter storms in the East and Midwest may disrupt weekly order volumes and prices.  

The latest count of operational oil and gas rigs increased in both the US and Canada this week, according to the latest data released from Baker Hughes.

This news item was first published by CRU. To learn about CRU’s global commodities research and analysis services, visit www.crugroup.com. Canada’s Algoma Steel signed a binding Memorandum of Understanding (MoU) with Hanwha Ocean to support Canada’s submarine program and Algoma’s diversification strategy. A new structural steel beam mill may result. Financial support, subject to conditions being […]

A coalition of US steel industry CEOs has formally urged President Trump to maintain—and fully enforce—current Section 232 tariffs on steel and steel‑containing goods.

SMU interviews Worthington Steel CEO Geoff Gilmore about the recent Kloeckner & Co. buy.

SSAB Americas delivered higher shipments and a stronger operating result in the fourth quarter of 2025. The company saw firm demand in key US end markets and a solid finish to the year despite a planned maintenance outage.

The price gap between US hot-rolled coil and landed offshore product inched higher, even as prices stateside and abroad mostly moved in tandem vs. last week.

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

Nucor Chair and CEO Leon Topalian is bullish on the outlook for 2026. And noted that the Charlotte, NC-based steelmaker remains in the hunt for M&A opportunities.

Sheet prices mostly continued their uneven but steady march higher this week, according to SMU’s latest check of the market.

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.

Raw steel output from US mills climbed last week to the highest rate seen in over four months, according to the latest American Iron and Steel Institute (AISI) figures

President Donald Trump in a post on Truth Social threatened to impose 100% tariffs on all exports from Canada into the US. It would be boastful (but not entirely inaccurate) to say you read it in SMU and heard it on Aluminum Market Update (AMU) first.

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.

SMU’s Steel Buyers’ Sentiment Indices both increased this week to multi-month highs

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.