Category: Region

The British government has taken longs producer British Steel back into public ownership, arguing it will protect the future of steel production in the UK.

Steel export prices will remain under downward pressure across most major regions, due to seasonal demand weakness, intensifying competition, and the redirection of trade flows following the EU's revised tariff-rate quota (TRQ) system. 

Barry Zekelman showed up to last Wednesday’s SMU Community Chat as his usual self: energized, blunt, and unapologetically bullish on the US steel industry.

Monthly steel imports rose back above 2 million short tons (st) in May and June, further recovering from the historic lows seen late last year, according to recent Commerce data.

Some domestic plate market sources expect spot price rises through the end of the year due to prolonged supply constraints.

The US Senate Finance Committee has advanced the nominations of five nominees to the US the International Trade Commission. They will now be considered by the full Senate.

CSPA says the global challenge of steel overcapacity is no longer simply a trade issue as it looks to the current USMCA review.

The Office of the US Trade Representative has finalized a 25% Section 301 tariff on all goods imported from Brazil. Importantly for the US steel industry, pig iron has received an exemption from the tariff.

SSAB will not renew the lease for its Toronto cut-to-length facility and plans to permanently discontinue operations later this year.

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

Oregon Steel Mills is attempting to push spot plate prices up by at least $60 per short ton.

Hot-rolled and cold-rolled prices held steady again this week while prices for coated products and plate continued to tick upward.

SMU’s July 10 Flat-Rolled Steel Survey results paint a picture of a steel market being squeezed from every direction. Tariffs are holding prices up and giving mills a clear advantage, while manufacturers and traders say the policy is pushing their costs higher.

Mesabi Metallics Co. has announced the successful completion of its first production blast at its iron ore mine in Nashwauk, Minn.

Testimony at last week’s Section 301 hearing put Brazilian pig iron in the spotlight. Domestic steelmakers and Brazilian suppliers warned that proposed forced labor tariffs would hit a critical US input for which there is no domestic substitute.

Domestic raw steel output eased to an 11-week low last week, according to recently released American Iron and Steel Institute (AISI) figures

The US scrap market has settled soft sideways in July, sources told SMU.

The Commerce Department has opened a new Section 232 national security investigation of anthracite and metallurgical coal imports. The department is seeking detailed input from the industry on supply risks, import dependence, and potential national security impacts.

Notably, pig iron is not excluded from the proposed Brazil measures. This would represent a change from the Brazil EEPA tariffs, which excluded pig iron.

A worker died on Saturday morning at U.S. Steel’s Granite City Works near St. Louis, the company and the United Steelworkers (USW) union said.

Some domestic hot-rolled coil market participants say they expect prices for hot-rolled coils to remain stable through the end of 2026.  The market participants predicted that mills would hold spot prices and incrementally tighten lead times. Continuing, that they’ll find imported product arrivals, experience seasonal demand dips and all conditions will culminate in stable prices throughout the summer.   Asked […]

On the heels of SSAB’s price hike, further domestic mill increases to spot market plate seem inevitable to some participants but unlikely to others. 

The latest data from Baker Hughes show that oil and gas drilling in the US was steady last week, while it tapered off further in Canada.

The Mexican government is pushing to have steel and auto tariffs removed in its next round of USMCA negotiations with the US, according to a report in El Pais.

SMU’s Steel Buyers’ Sentiment Indices were once again strongly optimistic this week, based on responses collected from steel executives in our latest market survey.

Cold-rolled (CR) coil prices were unchanged in the US this week, while offshore prices varied, though mostly trended up.

On July 1, CRU launched a US Galvalume coil benchmark price to serve this growing market.

Read the latest CRU Outlook on global sheet prices and the market for the coming months.

If a trend of flat lead times holds, it would represent a change. And we’ve also seen a few of the other indicators we track slip from historic highs – so the potential shift is worth paying attention to.

Toyota Motor North America plans to invest $3.6 billion to expand its San Antonio manufacturing campus.