AISI: Domestic steel shipments slip in April
The American Iron and Steel Institute (AISI) reports that US steel shipments fell from March to April.
Category: Region
Atlas Tube hikes prices by $60/ton
Atlas Tube on Monday announced price increases for mechanical, HSS, and piling products.
Scrap export prices hold firm despite Turkish pressure
The bulk deep-sea export market in the Atlantic Basin has not shown much movement lately. Buyers in Turkey have limited their activity in an attempt to bring prices down in both the US and Northern Europe. However, this does not seem to be working to a significant extent.
USS study projects millions in tax revenue for Pennsylvania via Mon Valley upgrade
Over the next three years, U.S. Steel’s investment to upgrade its hot strip mill at Mon Valley is projected to result in over 6,000 jobs and $58 million in tax revenue, according to an economic impact study conducted by the Parker Strategy Group.
AISI: Domestic mill production remains strong
Domestic steel mill output remained historically strong last week, holding within earshot of a multi-year high.
Nucor increases spot HR price by $10/ton, again
Nucor announced on Monday, June 8, that its consumer spot price (CSP) for hot-rolled coil will be $1,115 per short ton (st) for the week, up $10/st from last week.
CRU: Tata Steel's Port Talbot EAF faces up to year delay
The start-up of an EAF at Port Talbot, south Wales, could be 12 months later than planned.
Price: As key trade deadlines loom, Section 232 remains as important as ever
The next few months are poised to be momentous for US trade and tariff policy. Of note, the United States, Mexico, and Canada are beginning the six-year review of the US-Canada-Mexico Agreement (USMCA).
AHMSA bankruptcy auction moves forward
A Mexican court has approved the joint auction of AHMSA and its MINOSA mining assets for $1.33 billion, paving the way for a single buyer to take control of both businesses.
Atlas Tube, Maruichi USA to form JV
Atlas Tube, a Zekelman company, said on Friday it has agreed to form a joint venture with Maruichi USA.
US cold-rolled group responds to Mexico trade case
The Association of Cold Rolled Specialty Steel (ACRSS) officially responds to the formal investigation Mexico opened into cold-rolled steel imports from the US
AMU: Canada to extend tariffs on some steel, aluminum products
Canada plans to extend tariffs on certain steel and aluminum products for one year, Minister of Finance and National Revenue François-Philippe Champagne announced.
Oil and gas rig drilling picks up in US and Canada
US and Canadian drilling activity ticked higher this week, according to recently released data from Baker Hughes.
SMU Price Estimator Tool updated and now easier to use
We are happy to share that the SMU Price Estimator Tool is now a little easier to navigate.
AMU: Canada PM makes case for more cooperation with US on aluminum, autos
Prime Minister Mark Carney asserted the Canadian and US governments should cooperate more closely on auto manufacturing, steel, critical minerals and aluminum.
Final Thoughts: SMU's June scrap survey
We provide a sneak peek at this month's SMU Scrap Survey, with insights on tariffs, pricing, and demand.
The gap between US HR prices, imports keeps narrowing
The price gap between US hot-rolled coil (HR) and landed offshore product continues to narrow toward parity.
Steel market chatter this week
Steel market chatter this week: Buyers predict prices to continue rising from here, report steady to improving demand, and most see tariffs as unhelpful.
CSPA: One-year of US tariff increases mark ‘unfortunate milestone’
Catherine Cobden, President and CEO of the Canadian Steel Producers Association (CSPA) called the past year’s 50% tariff imposed on Canada’s steel exports to the US ‘severe and unsustainable.’
Beige Book shows broad industrial growth
Manufacturing picked up in nine of the twelve Federal Reserve districts in May. It was one of the strongest sectors in the Fed’s June 3 Beige Book report.
Algoma seeks higher tags on coil, plate products
Algoma Steel announced on Thursday a price increase for coil and plate products, effective immediately.
Plate market says, 'the heat is on,’ as prices and demand soar
Participants in the plate market doubt prices, lead times, and demand forces will cool down any time soon.
HR vs. galvanized price spread widens to near one-year high
After falling to a multi-year low in March, the premium galvanized coil commands over hot-rolled (HR) coil has widened in recent months.
Steel and aluminum spared in new Section 301 forced-labor tariffs
The forced-labor and Brazil 301 actions are aimed more at finished goods supply chains, not raw metals.
AISI: USMCA needs stronger rules of origin
AISI's Kevin Dempsey argues USMCA needs stronger rules of origin to strengthen manufacturing.
SMU Price Ranges: Sheet moves higher, plate stable
SMU’s sheet price indices continued to climb this week, while plate held steady, all at multi-year highs.
White House lowers S232 duties on ag and HVAC equipment
President Donald Trump issued a June 1 proclamation modifying Section 232 tariffs on steel, aluminum, and copper. He pointed to new Commerce Department recommendations and “recent circumstances” affecting US users of industrial and agricultural equipment.
SMU Survey: N. American demand edges higher while import interest stays selective
US steel buyers report firmer domestic demand, but long lead times, rising freight costs, and geopolitical uncertainty continue to cause caution on imports.
Failed labor pact sparks UAW strike at one of GM's key suppliers
Members of the United Autoworkers (UAW) Local 2093 went on strike at the Dauch Corp.'s (formerly named American Axle and Manufacturing) Three Rivers, Mich., facility on Monday.
AISI: Raw steel production holds near 6-year high
Domestic raw steel output remains within reach of a multi-year high, per AISI figures.