Category: Steel Products

The spread between hot-rolled coil (HRC) and galvanized coil base prices widened over the last month as hot rolled prices declined faster than prices for galvanized product.

Iron ore prices remained elevated in July, averaging $112 /dmt for the month, unchanged from June.

Rig counts in the US and Canada are back down this week according to to the latest data from oilfield services company Baker Hughes.

US steel imports look to have fallen significantly during the month of July, based off license data from the US Department of Commerce collected through July 31.

SMU's Current and Future Steel Buyers Sentiment Indices have both fallen this week from the last market check, according to our most recent survey data.

We’re two weeks away from the 13th annual SMU Steel Summit.

The latest SMU Market Survey results are now available on our website to all Premium members.

Movements in lead times were again mixed in SMU’s market check this week, with most products mostly sideways compared to two weeks ago.

Klöckner & Co. reported a positive cash flow in its latest earnings release. Despite a tough economic climate, it is leaning on its strengths to weather a moderately unfavorable outlook.

The percentage of respondents saying mills were willing to negotiate price rose on all sheet products and plate this week, according to SMU's most recent survey data. 

The Global Steel Climate Council (GSCC) has officially published its Steel Climate Standard.

David Stickler is eager to demonstrate how advancements in technology can contribute to making the rebar market more sustainable.

The newly formed Hybar company has secured financing for its planned 630,000-tons-per-year rebar mini mill being built in northeast Arkansas.

Effective in September, former Goldman Sachs analyst Emily Chieng is joining U.S. Steel as the Pittsburgh-based steelmaker’s new investor relations officer.

Nucor plans to keep plate prices flat for yet another month.

Canadian metals distributor Russel Metals announced it is selling off 50% of its equity in TriMark Tubulars Ltd. to Japan’s Marubeni-Itochu Tubulars Ltd. (MITI).

Kloeckner Metals Corp. has completed the acquisition of National Material of Mexico.

In administrative reviews of the antidumping and countervailing duty orders on corrosion resistant (galvanized/Galvalume) steel from South Korea, the US Department of Commerce has preliminarily adjusted the duties downward.

Steel Dynamics Inc.’s hot strip mill in Sinton, Texas, is back up and running after a month-long unplanned outage.

Steel Dynamics, Inc. (SDI) has entered into a new partnership with a subsidiary of NextEra Energy Resources, LLC to produce 308 megawatts of energy from a wind farm project in Texas.

Ryerson said it expected demand to weaken in the near term after it reported a slump in second-quarter earnings.

US raw steel production inched up for a third consecutive week, according to data released by the American Iron and Steel Institute (AISI) on Monday, July 31. Steel production in the US increased to 1,749,000 net tons for the week ended July 29, up 0.5% from 1,741,000 net tons the previous week. US production is 1.6% higher […]

Mexican steelmaker Altos Hornos de México (AHMSA) said there could be an “indefinite” delay to the restart of production because of a blockade by activists.

Nucor has received its final federal permit to begin construction on its sheet mill in Mason County, W.Va.

Mexican steelmaker Ternium could benefit if the US places new steel tariffs on Mexico, according to New York-based investment firm Morgan Stanley. “First, if the US were to levy tariffs on steel imports from Mexico, we believe the government of Mexico would likely respond with a similar measure. Second, due to its product mix, Ternium would likely benefit […]

The rig count roller coaster continues, with numbers dropping in the US but inching up in Canada this week, according to the latest data from oilfield services company Baker Hughes. The total US rig count dipped to 664 active rigs as of July 28, down five from the week prior. Active oil rigs in the US decreased […]

There are about 20 days to go until SMU’s 2023 Steel Summit Conference, and there’s still plenty of time to register – just click here! More than 1,200 people have registered to attend so far, which means we’re on track to exceed last year’s record. Steel Summit is Monday-Wednesday, Aug. 21-23, in Atlanta at the Georgia International Convention Center […]

We are thrilled to announce that we are near completion of our website upgrade that will be sure to elevate your SMU membership!

Five domestic steel trade associations wrote a letter requesting the government to ensure the use of US-made steel in certain components of wind and solar projects receiving federal funding. Addressing the letter to US Treasury Secretary Janet Yellen, the groups included the American Iron and Steel Institute (AISI), Steel Manufacturers Association (SMA), American Institute of Steel Construction (AISC), […]

China recently became the world’s largest exporter of cars. Experience from the steel industry suggests this is not a trend that will reverse.