Category: Region

German Economy Minister Katherina Reiche expressed frustration with US levies on steel and aluminum products. The US contends the EU is unfairly targeting its big tech firms.  

SSAB Americas aims to increase prices on all its products by at least $40 per short ton (st).

Nucor plans to increase prices for steel plate by $30 per short ton (st). The move coincides with Charlotte, N.C.-based steelmaker opening its plate orderbook for January.

Domestic steel production improved last week, according to the latest figures from the American Iron and Steel Institute (AISI).

Toyota says its $912‑million investment in the US will boost production capacity for hybrids and introduce hybrid‑electric Corollas.

General Motors (GM) is planning a ~$250 million investment to upgrade its Parma Metal Center. The outlay is part of GM's plans to invest ~$4 billion in its US-based manufacturing operations over the next two years. Its 2025 reshoring commitments currently total over $5 billion.

Nucor increased its weekly hot-rolled coil spot list price by $5 per short ton (st) on Monday, Nov. 24. This was its fifth increase in as many weeks.

Following four consecutive monthly declines, world crude steel output recovered 1% from September to October to an estimated 143.3 million metric tons (mt), according to the World Steel Association (worldsteel).

Wiley attorneys Alan Price and Ted Brackmeyer argue that significant changes to the USMCA and continued Section 232 tariffs on Canada and Mexico are needed to support American steelmaking.

Across BlueScope as a whole, it was the North Star operations in Delta, Ohio, that shone brightest in the Australian company's first-half fiscal 2026 trading update.

Sources say domestic mill lead times and consumer spot prices have increased this week.

ArcelorMittal's Mexican operations have faced a turbulent stretch over the past two years, marked by labor unrest and operational setbacks at its Lázaro Cárdenas steelworks.

The downward trend in Chinese steel export prices continued over the past month, as domestic demand in the country failed to recover following the Golden Week holidays.

Most steelmaking raw material prices remained stable over the past month. Prices are mixed in comparison to this time last year.

Domestic plate market participants anticipate strong economic growth in the first quarter of 2026, which they say is the perfect reason for spot market price hikes now.  

Steel market chatter from our most recent survey.

SMU sits down with Barry Zekelman to talk North American trade and the state of the US and Canadian steel industries.

Architecture firms reported a modest improvement in billings in October, though business conditions remained soft, according to the latest ABI report.

The price gap between stateside hot band and landed offshore product shrank week over week (w/w).

SunCoke Energy Inc. and Cleveland-Cliffs Inc. have agreed to extend their coke supply agreement for another three years.

The SMU Steel Demand Index slackened from late October, remaining below expansion territory, according to SMU's mid-November indicators.

SMU’s price indices increased across the board this week, reaching new multi-month highs.

Flack Global Metals announced two leadership appointments to drive the commercial strategy of the Scottsdale, Ariz.-based service center and industrial platform.

Algoma Steel plans to continue its transition to electric-arc furnace (EAF) steelmaking using the CA$500 million in loans from the Ontario provincial and Canadian federal governments.

SMU’s Mill Order Index (MOI) surged in October after a notable decline the month prior. The recovery came as service center on order inventory totals picked up, supported by a slight uptick in shipments, according to our latest service center inventories data.

U.S. Steel’s Arkansas facilities provided more than $2 billion to local and state economies in fiscal year 2024, according to a newly released economic impact report.

Domestic steel production dipped last week, but was still above the year-to-date weekly average and the same week a year earlier.

Manufacturing activity in New York state was slightly elevated in early November.

US service centers’ flat-rolled steel supply edged lower for the third straight month, reaching 53.3 shipping days of supply on an adjusted basis at the end of October, according to SMU data.

The Latin American Steel Association (Alacero) has chosen Máximo Vedoya as its new president.