Category: Sheet

Domestic plate market participants are optimistic about the market despite the ongoing uncertainty that’s characterized most of 2025, sources said.  

The US International Trade Commission (ITC) finds that corrosion resistant steel (CORE) imports from 10 countries have caused material damage to domestic product producers, according to the ITC’s statement.  

Sheet and plate prices were flat or lower this week as less discounting from domestic mills was offset by few signs of an anticipated rebound in demand.

Algoma Steel is increasing its credit facility from USD$300 million to USD$375 million due to "market conditions."

Nucor Plate Group announced that its patent-pending wide floor plate product is now available to customers in a statement on Monday. 

This piece was first published by SMU’s sister publication, Aluminum Market Update. To learn about AMU, visit their website or sign up for a free trial. The cause of a fire at Novelis’ aluminum mill in Oswego County, New York, is under investigation. The fire started just after 10 p.m. ET on Sept. 16 in the facility’s hot […]

Participants in the US carbon and steel plate market are frustrated by the lack of activity following the Labor Day holiday weekend.  

Sheet times ticked higher but remain within days of multi-year lows, territory they have been in since May. Plate lead times have shifted lower in the past month but remain about a week longer than they were at this time last year.

Sheet prices are expected to increase in the coming weeks in most markets. However, rising domestic capacity in the US, subdued demand in Europe, and high inventory levels in China and India will limit price near-term uptrend.

Market sources say demand for domestic plate refuses to budge despite stagnating prices. 

U.S. Steel said it plans to reduce slab consumption at its Granite City Works near St. Louis, a company spokesperson said on Monday. The Pittsburgh-based steelmaker will shift the production and processing of steel slabs to its Mon Valley Works near Pittsburgh and its Gary Works near Chicago. Citing a United Steelworkers (USW) union memo, […]

Here are highlights of what’s happened this past week and a few upcoming things to keep an eye on. 

As Labor Day marks the transition into fall, the steel market enters September with a similar sense of change. Supply-side fundamentals are beginning to show signs of restraint: imports are limited, outages loom, and production is capped, setting the stage for a market that feels steady on the surface but still unsettled underneath.

Sheet and plate lead times held steady yet again this week, according to steel buyers responding to our latest market survey, a trend in place since May.

Sluggish economic activity across the US was largely attributed to uncertainty caused by tariff policies and growing cost pressures, according to the US Federal Reserve’s (The Fed) latest Beige Book report.   The Fed’s latest economic report, posted on Sept. 3, consists of economic findings from the six weeks preceding Aug. 25 throughout 12 districts. Economic […]

Steel prices remained largely unchanged this week, staying at or near lows last seen in February. All five sheet and plate products tracked by SMU moved by no more than $5 per short ton (st) from the previous week.

The bipartisan Congressional Steel Caucus is pushing for US officials to maintain a robust Section 232 program as they negotiate trade deals with America's trading partners.

Across the US and throughout the steel supply chain, market participants are reporting another painfully quiet week for hot-rolled (HR) coil sales.  

Domestic sheet prices in the US remained under pressure, limiting interest in imports, while domestic prices for longs products continued to rise.

Carbon steel plate market participants suspect that this week’s modestly softer prices are the result of quietly negotiated prices between plate purchasers and mills.

Steel buyers report steady lead times for sheet and plate products, a soft-sideways trend we've seen since May.

Scraping lower-quartile $800s on nearby futures is bringing limited trading ideas for CME hot-rolled coil (HRC) at present. 

Nucor has lowered its hot-rolled (HR) spot price by another $10 per short ton (st) this week.

With so much happening in the news cycle, we want to make it easier for you to keep track of it all. Here are highlights of what’s happened this week and a few things to keep an eye on.

Market participants said they have high hopes that the stable hot-rolled spot market will improve as the year rolls on.  

Yesterday’s tragedy and loss of life at U.S. Steel’s Clairton Works is a stark reminder of how important safety in the workplace really is.

Sources in the carbon and alloy steel plate market said they are less discouraged by market uncertainty resulting from tariffs or foreign relations, but are instead, eager to see disruption to the flat pricing environment.

Mill production times for sheet products are holding just above multi-year lows, while plate lead times remain elevated.

Sheet and plate prices were either flat or modestly lower this week on softer demand and increasing domestic capacity.

US steel shipments increased month over month and year over year in June, according to the latest figures from the American Iron and Steel Institute (AISI).