Category: Region

The Canadian government has placed limits on salaries, bonuses, and other forms of compensation for top executives at Algoma Steel, according to a local media report.

Zekelman Industries said Jean-Marc “JM” Athanassiadis will take over as division president for the company’s Sharon Tube business unit in Farrell, Pa.

SA Recycling's CEO George Adams couldn't be more upbeat about American industry.

Steel imports remained close to multi-year lows in January and February, according to US Commerce Department data released this week.

The office of the US Trade Representative has opened a major Section 301 investigation into structural excess capacity across global manufacturing, with steel and aluminum at the center of the inquiry.

This week sources said spot prices on hot-rolled coils increased modestly. 

Chinese steel export prices and Turkish longs export prices increased this week due to higher energy and raw material costs. In India, HR coil exports remained paused amid the Middle East crisis.

With the Iran war approaching its third week, the future course and scope of the conflict remain uncertain. Even so, while the human costs are the most immediate and tragic, the global economic implications have already proven to be significant.

The latest tally of active oil and gas rigs increased in the US this week but declined in Canada, according to figures recently released from Baker Hughes.

Mexican steel trade group Canacero has elected TenarisTamsa’s Sergio de la Maza Jiménez as its new president of the board of directors for 2026-27.

The price gap between US hot-rolled coil (HR) and landed offshore product widened this week, as stateside tags were little changed.

A year after being blindsided by hefty tariffs from its top trading partner, Canadian steelmakers are renewing their call for tariff-free trade between the US and Canada.

Domestic plate market participants expressed confidence in the overall improvement of market conditions this week.  

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.

Algoma Steel said the Section 232 tariff shock continues to shape its business model. The 50% US duty effectively shut the company out of its largest export market, forcing a structural pivot toward Canada.

Nucor Plate Group notified customers it is increasing prices on all rolled products by $40 per short ton (st) and $60/st on all heat treat products.  

The Global Steel Climate Council (GSCC) has certified its first Asian steel company.

The spread between domestic hot-rolled coil and prime scrap prices widened in March, marking a six-month trend.

Algoma Steel Inc. added to its mounting losses during the fourth quarter. Sales and shipments plummeted as ongoing trade tensions between Canada and the US force the Sault Ste. Marie, Ontario-based steelmaker to reconfigure its entire business model.

SMU's sheet and plate prices were flat or higher this week in a US market that remains characterized by extended lead times and limited spot availability.

Reliance Inc. announced two big US government contract wins from its wholly-owned subsidiary AMI Metals Inc.

Worthington Steel reduced its minimum acceptance threshold to 57.5% for its purchase of Kloeckner & Co.  

An administrative review of the anti-dumping duty (AD) order on heavy-walled rectangular pipe and tube from Mexico has found evidence of continued dumping by Mexican companies.

This CRU insight demonstrates how the conflict in Middle East supports metallurgical coal prices and iron ore will be impacted by a potential decline in demand from China and rising costs, while the pellet market will be severely disrupted.

Serviacero USA is set to establish its first US manufacturing operation after purchasing a rail-served site at the Gulf Inland Logistics Park in Houston.

Raw production has trended upwards since the start of the year, reaching a four-year high in February.

Nucor’s consumer spot price (CSP) for hot-rolled coil increased to $1,010 per short ton (st), up $5/st from last week. 

Prices are moving up and lead times moving. And most people expect them to continue to do so for a little while longer, according to our latest survey results. But there is one big wildcard: the Iran war.

Participants in the US hot- and cold-rolled sheet market cautiously called the week a win as prices inched north and demand picked up.  

Pace Industries plans to close two Muskegon die-casting plants following news of the planned shutdown of its Arkansas facility.