Category: SMU

A look at trends in the international scrap market.

The US Court of International Trade (CIT) has ordered the Commerce Department to redo its final dumping determination for Mexico’s Galvasid SA de CV in the corrosion-resistant (CORE) steel investigation.

The US Department of Commerce has set final duties in the trade case investigating rebar imports from Vietnam, Egypt, and Bulgaria.

SMU’s sheet and plate price indices were steady to higher this week, with all products at multi-year highs.

Speaking on the company’s second-quarter earnings call, executives described a sheet market defined by broad-based demand, disciplined pricing behavior, and a structural shift in customer buying patterns.

The US Trade Representative (USTR) exempted Brazilian pig iron from Section 301 tariffs for faced labor concerns, so what's the story now?

The total volume of raw steel produced by mills around the globe eased 2% in June, according to worldsteel.

Foreign steel is gaining traction with US buyers, according to SMU's most recent Flat-Rolled Steel Survey. Most manufacturers and service centers now report competitive pricing, and more are placing new foreign orders.

We’re officially less than 30 days from the kick-off of SMU Steel Summit 2026 in Atlanta.

The US Department of Commerce is adjusting the import duties on Korean cold-rolled and galvanized steel after two administrative reviews.

Reliance Inc said that US government industrial policies contributed to its second-quarter financial success.

Strong steel prices and elevated interest rates may be reshaping the competitive landscape among metals distributors.

Steel and many steelmaking raw materials have been spared from additional forced labor Section 301 tariffs.

The export market for scrap for Turkey has come back to life over the last week.

SMU’s Steel Demand Index saw a slight decline in growth, slightly behind early July, but remaining in elevated territory, according to mid-to-late July indicators.

SMU’s Steel Buyers’ Sentiment Indices indicate that buyers remain confident in their companies’ prospects today and in the near future.

The results of the latest SMU flat-rolled market survey are now available on our website to all premium members.

SMU’s Mill Order Index 2continued to expand in June. The result came as service center on-order volumes and new order entries continue to rise, according to our latest service center inventories data.

Steel mill lead times have trended upward since last November and now stand at or near multi-year highs for all products.

The Brazilian pig iron trade with the US has resumed after a month of inactivity.

The majority of steel buyers responding to our market survey this week report that mills are holding a firm grip on prices

Sheet prices continued to grind higher this week on factors familiar to most steel market participants: extremely limited spot availability, long lead times, low inventories, and firm demand.

A mid-month look at the developing US August scrap market.

Apparent steel supply jumped 8% from April to May to a near four-year high, according to recent Department of Commerce and American Iron and Steel Institute (AISI) figures.

Steel exports eased 1% in May and remain significantly lower than trade of previous years.

We’re just a few days away from initiating an official 30-day countdown until SMU Steel Summit 2026 in Atlanta.

SMU’s average price for domestic HR remained flat, holding firm for the past three weeks. In offshore markets last week, prices mainly moved higher.

Barry Zekelman showed up to last Wednesday’s SMU Community Chat as his usual self: energized, blunt, and unapologetically bullish on the US steel industry.

Monthly steel imports rose back above 2 million short tons (st) in May and June, further recovering from the historic lows seen late last year, according to recent Commerce data.

Some domestic plate market sources expect spot price rises through the end of the year due to prolonged supply constraints.