Category: Region

The total volume of raw steel produced around the world fell 4% in April following the one-year high seen in March, per World Steel Association figures.

This Premium analysis examines oil and natural gas prices, drill rig activity, crude oil stock levels, and fuel prices through May.

Domestic plate market participants named extended lead times, increased freight costs, escalating fuel surcharges, and spotty demand as their most recent challenges.  

Two Ontario-based steel importers and their president have agreed to pay $19 million to settle US allegations that they avoided customs duties on flat-rolled steel by falsely declaring its origin, the Department of Justice said.

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.

Galvanized steel buyers and distributors expect tightening supply and rising price pressure to last into summer.

General Motors will launch a new vehicle-assembly project at its Ramos Arizpe Complex as part of the automaker’s previously announced $1 billion investment to strengthen its operations in Mexico.

Architecture firm billings retreated modestly in April, with the American Institute of Architects (AIA) reporting another month below the growth threshold.

Steel trade groups have come out in support of the Building Unrivaled Infrastructure and Long-term Development for America's 250th Act (BUILD America 250 Act)

After a brief dip last month, iron ore prices have resumed their upward trajectory as the war in the Middle East escalates. Elevated costs have established a new pricing norm, keeping iron ore prices firm even as current levels exceed what supply‑demand balance would justify. Meanwhile, Simandou is finally gaining momentum after a slow start. Quality remains the decisive factor for steelmakers sourcing from the seaborne market, reshaping trade flows.

Sheet prices continue to rise in a market that remains characterized by extremely limited spot availability, solid demand, long lead times, and the lowest sheet inventories since May 2021.

Trading-company sentiment in the May 15 SMU flat-rolled steel buyers survey shows a market split between anecdotal optimism and numerical decline.

The Commerce Department's International Trade Administration recently concluded several administrative reviews of the anti-dumping and countervailing duties (AD/CVDs) on various steel imports. The reviews resulted in the following duty adjustments.

Domestic raw steel production ticked up to the highest weekly output rate recorded since March 2020, according to recently published American Iron and Steel Institute (AISI) data.

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

Grupo Acerero SA de CV posted higher shipments and stronger profitability in the first quarter of 2026.

Apparent steel supply surged 11% from February to March, recovering from one of the lower rates recorded in recent years to one of the higher ones.

inancially burdened Baffinland Iron Mines is applying for shelter from creditors under Canada’s Companies’ Creditors Arrangement Act (CCAA).

Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,090 per short ton, up $10/st from last week.

Unsurprisingly, the Trump-Xi Beijing summit ended without a major announcement on trade. Behind the celebratory mood and photo-ops are years of economic harm from China’s predatory trade practices that cannot be overcome in a single meeting.

Sources told SMU they’ve begun considering whether US imports of sheet might benefit the overall market.

The United States International Trade Commission (ITC) has voted to continue investigations into oil country tubular goods (OCTG) from Austria, Taiwan, and the United Arab Emirates (UAE).

Global shipping volatility is tightening its grip on steel supply chains. And the risks are not easing; in fact, they’re escalating, according to Anton Posner, CEO of Mercury Resources.

This item was first published by CRU. To learn about CRU’s global commodities research and analysis services, visit www.crugroup.com. The uptrend in sheet prices is expected to continue in the coming month in most markets amid elevated energy and freight costs stemming from the Middle East conflict. Europe will buck the trend as demand in the […]

The US rig count crept higher for a fourth week, while Canada's count held steady for a second, according to the latest data from Baker Hughes.

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

Inventories are getting dangerously low. (Sheet stocks are at their lowest point since May 2021!) Lead times remain extended. And mills have few spot tons available. (The ‘a’ word – “allocation” – is being kicked around.)

SMU Survey: Sheet and plate lead times remain extended, according to buyers responding to our latest market survey.

Buyers continue to report mills are holding a firm grip on sheet and plate prices.

Algoma CEO forges new path against tariff headwinds