Category: Mills

Oregon Steel Mills is attempting to push spot plate prices up by at least $60 per short ton.

SMU’s July 10 Flat-Rolled Steel Survey results paint a picture of a steel market being squeezed from every direction. Tariffs are holding prices up and giving mills a clear advantage, while manufacturers and traders say the policy is pushing their costs higher.

Domestic raw steel output eased to an 11-week low last week, according to recently released American Iron and Steel Institute (AISI) figures

Nucor said its consumer spot price (CSP) for hot-rolled coil will be $1,135 per short ton (st) for the week of July 13, up $5/st from last week.

A worker died on Saturday morning at U.S. Steel’s Granite City Works near St. Louis, the company and the United Steelworkers (USW) union said.

Steel mill lead times for flat-rolled steel this week remained extended at historical highs. Plate production times crept out further, while hot-rolled and cold-rolled (HR/CR) coil saw minor contractions.

The majority of steel buyers we polled this week reported that mills are holding firm on new order spot prices.

AZZ President and CEO Tom Ferguson said the Texas-based coil coating and galvanizing company is off to a great start in its 2027 fiscal year.

SSAB Americas plans to increase plate prices by at least $40 per short ton (st), according to a letter sent to customers on Wednesday.

Total US raw steel output recovered last week after declining in the three prior weeks, according to recent American Iron and Steel Institute (AISI) figures.

Talks of a potential joint venture between Atlas Tube and Maruichi USA have ended.

Cleveland-Cliffs has been awarded a $400 million contract by the US Department of War for grain-oriented electrical steel (GOES), the department announced last week.

Nucor said on Monday, July 6, that its hot-rolled coil consumer spot price will remain unchanged at $1,130 per short ton for the week.

Cleveland-Cliffs plans to upgrade its ironmaking process at Middletown Works, according to a permit filing with the Ohio EPA.

Mexican steelmaker Talleres y Aceros SA de CV (Tyasa) has placed an order from Primetals Technologies for a twin vacuum degassing plant to be installed at its Ixtaczoquitlán mill in southeastern Mexico.

Wheeling-Nippon Steel Inc. announced a series of promotions across the West Virginia-based company.

Algoma Steel Group expects lower shipments in its second quarter of 2026 but anticipates adjusted EBITDA to move back into the black.

Total US raw steel output declined last week for the third-consecutive week but remains historically strong.

Nucor held its consumer spot price (CSP) for hot-rolled (HR) coil at $1,130 per short ton (st) for the week of June 29. The sideways move is the first of its kind since Jan. 21.

Hybar LLC broke ground Friday on its second rebar mill in Osceola, Ark., accelerating one of the fastest expansion runs the US long-products sector has seen in years.

CMC’s profits more than doubled in its fiscal third quarter.

Consolidation continues in the HSS (hollow structural sections) sector, with two big deals announced just this month.

Steel mill lead times remained extended this week on both sheet and plate products. Current production times three to four weeks longer than levels seen last summer.

Domestic steelmakers told the Congressional Steel Caucus that strong trade enforcement and Section 232 tariffs continue to drive higher production, new investment, and facility restarts nationwide.

Steel buyers negotiation rates remain at or near historic lows across most sheet and plate products.

The company announced an investment of more than $90 million for its steel shop in Koppel, Pa., and its seamless pipe manufacturing plant in Ambridge, Pa.

The investment will install a new quench-and-tempering line at the facility, which manufactures seamless pipe and tube.

Galvanized sheet buyers and distributors report that strong demand and constrained supply persist, exerting upward pressure on prices.

US sheet prices continue to move higher on extremely limited spot availability, solid demand, and extended lead times.

Mexico’s federal government is moving to implement its new steel-industry promotion pact. Officials held a high-level plenary session to align public procurement plans with domestic steel capacity.