Category: Region

Bull Moose Tube Co. and Hanna Steel Corp. have reached an acquisition agreement, which will expand Bull Moose’s manufacturing footprint and add new tubing, coating, and logistics capabilities.

U.S. Steel has selected Charlotte, N.C.-based Midrex Technologies to supply the direct-reduced iron (DRI) plant to its Big River Steel Works in Osceola, Ark.

Nucor Plate Group will maintain its previously announced fuel surcharge of $10 per short ton for next month, effective on all shipments beginning July 1.

US steel exports improved 2% from March to April to the highest monthly volume seen in 13 months. Although up, trade remains historically low

SMU’s June 12 Flat-Rolled Steel Buyers’ Survey shows a divided steel community on the effects of President Trump’s tariff policies, emerging but uneven signs of reshoring, and near-universal cost pressures tied to the Iran conflict.

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, June 24, at 11 am ET.

The volume of raw steel produced by US mills slipped to a seven-week low last week but remains historically high, according to American Iron and Steel Institute (AISI) figures released on Monday.

Total heating and cooling equipment shipments declined 5% in April, according to AHRI figures.

President Donald Trump signaled Wednesday that he may not renew the US-Mexico-Canada agreement.

US service centers’ flat-rolled steel supply declined for a fourth straight month in May, with shipping days of supply slipping to 44.7 on an adjusted basis, according to SMU data.

Nucor announced on Monday, June 15, that its consumer spot price (CSP) for hot-rolled coil will be $1,125 per short ton (st) for the week, up $10/st from last week.

Summer doldrums? Not this year! SMU’s latest steel market survey indicates that an increasing number of steel buyers think prices will continue to rise along with the mercury.

In just a little over two months, the flat-rolled steel industry will gather in Atlanta to uncover the decisions, innovations, and forces shaping the market today — and what’s coming next.

Friedman Industries posted record sales, higher volumes, and sharply improved earnings in fiscal 2026. This was driven by stronger demand, higher average selling prices, and continued contributions from its Century Metals acquisition.

After reaching historic lows late last year, import volumes have increased each month of 2026, according to recently released US Commerce Department data.

Oil and gas drilling activity in Canada picked up over the past week, while drilling in the US remained mostly steady.

Spot market participants recently told SMU they foresee additional plate price rises for domestically made products.

SMU’s Steel Buyers’ Sentiment Indices remained strongly optimistic this week and continue to indicate that buyers are confident in their companies’ prospects.

The World Cup only comes around every four years. So let's take a walk down memory lane to see where the steel market stood four years ago.

A major trade case finalized late last year, along with higher Section 232 tariffs, account for the reduced imports.

The United States has repeatedly called for stronger action to protect North American manufacturing. Canadian steel agrees. We are ready to do the work necessary. Now Washington must remove the tariffs that stand in the way.

Steel mill lead times extended this week on both sheet and plate products, now at multi-year highs.

One possible reason for the lull in activity is the ambiguity of the tariff treatment of Brazilian pig iron following an announcement last week from the Office of the US Trade Representative (USTR) about Section 301 tariffs.

The provisional pact comes 10 days after UAW Local 2093 members went on strike on June 1.

This week we saw continued low negotiation rates across all products, with cold rolled and plate the least negotiable and galvanized the most.

Gregg Troian, industry veteran and president of both PGT Trucking and the Board of Directors at the American Transportation Research Institute, cautions that the trucking industry continues to face mounting obstacles.  

The Office of the US Trade Representative has proposed a Section 301 tariff carve-out for direct-reduced iron (DRI) and hot-briquetted iron (HBI) from Brazil while planning higher tariffs for other major suppliers.

The price gap between US hot-rolled coil (HR) and landed offshore product continues to narrow, as stateside prices are now, on average, carrying a premium over imports. Domestic tags are still outpacing imported hot band as pricing dynamics diverge.

Fresh off the closing of Worthington Steel’s acquisition of Kloeckner & Co., Worthington President and CEO Geoff Gilmore sat down with SMU to reflect on the transaction and outline the path forward.

All five of SMU’s price indices increased this week to new multi-year highs. Prices have increased by 20-25% since the beginning of the year.