Category: Mills

Domestic raw steel output recovered after seeing significant swings in the prior two weeks, according to the latest AISI figures.

President Trump announced that Mesabi Metallics will build the largest steel plant in the US in the state of Iowa.

Stelco Holdings Inc. is indefinitely idling its finishing operations in Hamilton, Ontario. The Canadian steelmaker, a subsidiary of Cleveland-Cliffs, will concentrate steel production at its Lake Erie Works in Nanticoke, Ontario, a Cliffs spokesperson told SMU.

US steel industry groups representing most of domestic steel production are urging the Trump administration to tighten trade measures on steel imports from South Korea. They are seeking a South Korea-specific tariff-rate quota (TRQ) and an investigation into a reported import surge.

Nucor said its consumer spot price for hot-rolled coil will be $1,220 per short ton (st) for the week of Sept. 28. That's a 10/st increase from a week earlier.

A one-month extension of the terms of the current four-year contracts between the USW and the two steelmakers (which was initially set to lapse on Sept. 1) expires on Oct. 1.

US sheet buyers have grappled with supply scarcity in both the spot and contract markets throughout 2026. Now the supply squeeze is spilling over into 2027, according to market participants.

ArcelorMittal told the government of Ukraine that it is unable to restart operations at its ArcelorMittal Kryvyi Rih steel plant in a “safe and sustainable manner” following Russian missile attacks.

Global raw steel production slowed for the third month in a row in August, according to the latest figures from the World Steel Association (worldsteel).

SMU’s Mill Order Index (MOI) accelerated in August for a fourth consecutive month, reaching its strongest reading in nearly five years.

The current plate market squeeze has been driven by improved demand and heightened import barriers, including 50% Section 232 tariffs. But the timing of fall outages—even if they were planned—is exacerbating the supply crunch.

Domestic raw steel output fell to a six-month low last week after hitting a multi-year high one week earlier, according to the latest American Iron and Steel Institute (AISI) figures.

The proposed Hyundai-POSCO steel mill in Louisiana has been approved for up to $1.3 billion in bond financing, according to state records and local media reports.

The United Steelworkers (USW) union plans to extend its current labor contract with U.S. Steel and Cleveland-Cliffs by 48-hours on a rolling basis, the union told SMU on Monday.

Nucor said on Monday, Sept. 21, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,210 per short ton (st) this week, a $10/st increase from a week earlier.

The United Steelworkers (USW) union on Sunday said it remained far apart from U.S. Steel over the terms of a new labor contract. Meanwhile, the deadline for negotiating a new contract inches closer.

SSAB Americas announced immediate changes to pricing extras on select products, according to a letter sent to customers Friday morning.

Steel Dynamics Inc. (SDI) has guided to higher third-quarter earnings both sequentially and on-year.

Nucor Corp. expects significantly higher earnings in the third quarter thanks to higher selling prices and stable sales volumes.

Steel mill lead times extended for sheet and plate products this week, according to buyers responding to our latest market survey. Production times have been historically long for most of the summer.

A new player is emerging in the grain-oriented electrical steel (GOES) space. Flux Steel Works announced plans to renovate and reequip a former ATI specialty steel plant in Louisville, Ohio, to produce GOES.

The vast majority of steel buyers responding to our latest market survey found mills unwilling to negotiate lower prices for spot tons. This holds true for all the products SMU tracks. Every two weeks, SMU surveys service center and manufacturer buyers asking if mills are negotiable on new spot sheet and plate orders. In this week’s survey, 9% of respondents said mills were willing to talk price to secure an order (Figure 1). This is the third consecutive survey at that rate. You'd have to go back to September 2021 to find a lower number.

 U.S. Steel Košice has approved an investment of €900 million (USD$1.04 billion) for a new electric-arc furnace (EAF) and air separation unit.

Nucor Plate Group said it will be increasing its fuel surcharge to $20 per short ton for next month, effective on all shipments beginning Oct. 1.

U.S. Steel said it has obtained the air permit necessary to enter the next phase of construction of the new quench and tempering (Q&T) facility at its Fairfield Tubular Operations in Alabama.

Six qualified bidders have emerged for the assets of bankrupt Altos Hornos de México (Ahmsa) and its Minosa mining assets.

Long steel producers are seeking to raise prices for merchant bar quality (MBQ) products.

Nucor said its consumer spot price for hot-rolled coil will be $1,200 per short ton (st) the week of Monday, Sept. 14. That's a $10/st increase from a week earlier.

The spread between domestic hot-rolled (HR) coil and prime scrap prices continued to widen in September. It is now up for a 12th straight month, and at the widest gap since January 2022.

Domestic mill shipments slipped from June to July, according to the latest data from the American Iron and Steel Institute (AISI).