Category: Region

Marubeni-Itochu Steel Americas Inc. (MISA) plans to build a $37 million flat-rolled steel processing plant in Osceola, Ark., adjacent to Big River Steel.

US Trade Representative (USTR) Jamieson Greer said Mexico should not expect the upcoming USMCA review to result in the removal of US steel and aluminum tariffs, according to media reports.

AZZ Inc. closed fiscal 2026 with record sales and sharply higher profitability, driven by strong demand for hot-dip galvanizing and steady execution across its Metal Coatings network. Its Precoat Metals segment, however, continued to face weaker volumes in construction-related markets.

Reliance Inc.’s earnings jumped in the first quarter on strong pricing and demand.

According to the latest findings from SMU’s survey, more respondents answered that President Trump’s tariff policies have been helpful to their businesses than in the prior survey. 

In a Final Thoughts las week, I asked “Got Steel?” And if you’re looking for spot tons in June, the answer still isn’t obvious.

Each of SMU’s sheet and plate price indices climbed higher this week, with most products rising further to new multi-year highs

Steel Dynamics Inc’s chief executive is bullish on M&A opportunities despite the rejection of its joint bid for Australia’s BlueScope Steel.

North American steel buyers are signaling stronger interest in foreign material amid a tight market and rising global substrate costs, which are complicating purchasing decisions.

Domestic mill production ticked up to a new multi-year high last week, according to recently published American Iron and Steel Institute (AISI) figures.

Steel Dynamics Inc.’s first-quarter 2026 earnings soared on record steel shipments and a jump in steel prices.

Cleveland-Cliffs Inc. executives on Monday detailed a series of operational moves aimed at improving efficiency, lowering costs, and tightening the company’s production footprint.

Revelar Capital's portfolio firm, Steele Solutions, plans to accelerate the pace of operational growth at newly acquired Maysteel Industries.

Cleveland-Cliffs Inc. reported improving supply-demand fundamentals in the first quarter and expects stronger conditions through the rest of 2026.

Varsteel Ltd said acquiring Pacifica Steel’s structural steel division supports its geographic expansion strategy. 

Pig iron availability in the US is in short supply, various sources reported to SMU. However, based upon figures for Q1'26, pig iron shipments from Ukraine and Brazil are at high levels.

Core to the negotiations will be the need for a fundamental rebalancing of the relationship between the United States, Mexico, and Canada - especially when it comes to the steel and autos supply chain.

Apparent steel supply declined 3% from January to February to the third-lowest rate recorded in the past two years, just 5% above the near-five-year low set last November.

Rocky Mountain Steel Mills has signed a new seven-year contract with Union Pacific Railroad for the domestic production of steel rails.

Toyota Motor Corp.’s $1 billion investment in its Kentucky and Indiana plants aims to expand production of aluminum-intensive vehicles, particularly across high-volume models and future battery electric platforms.

Factors like fluctuating demand, import availability, domestic product lead times, fuel surcharges, and end-user consumption left plate sources feeling unsettled.  

Participants in the hot- and cold-rolled coils market are optimistic about the market's health.

SMU’s Steel Buyers’ Sentiment Indices indicate that steel buyers remain highly optimistic about their businesses’ chances for current and future success.

Conditions in the US market remain tight as domestic demand is holding up with support from border wall projects and data center investments. The supply side has struggled to keep pace with weak import volumes, impacting the market. 

Service centers held only 2.24 months of supply (49.3 days of supply) of sheet products in March, according to our latest figures. If you check our archives, you’ll see that's the lowest sheet inventories we’ve seen since June 2021 – which was hardly a bad year for steel.

Steel mill lead times remained elevated this week, according to buyers responding to our latest market survey.

U.S. Steel announced plans to restart tin production at its Gary Tin Mill at the integrated Gary Works steelmaking facility outside Chicago.

US manufacturing activity edged higher across most Federal Reserve Districts, with the Beige Book describing gains ranging from slight to moderate as producers navigated rising input costs and heightened geopolitical uncertainty.

Most sheet and plate buyers continue to report that mills are not negotiable on new order spot prices, according to our latest market survey conducted this week.

Thyssenkrupp Materials Services announced its majority stake acquisition of Aceroteca Trading, S.A.P.I. de C.V. in Santa Catarina, Nuevo León, Mexico.