Category: Steel Products

The price spread between US-produced cold-rolled (CR) coil and offshore products on a landed basis widened slightly in the week ended Nov. 22.

US rig activity has remained in multi-year low territory since June. Drilling in Canada has edged lower across the last few weeks but remains historically strong.

US hot-rolled (HR) coil prices slipped this week, while tags in offshore markets were also largely down. Thus, the price premium between stateside hot band and imports on a landed basis was relatively unchanged.

The investment is aimed at growing Kloeckner’s automotive and industrial segment in the US and Mexico.

Following a strong August, total heating and cooling equipment shipments eased in September to a five-month low, according to the latest data from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).

Slowing growth in data center planning and nonresidential projects caused the Dodge Momentum Index (DMI) to pull back in October.

Domestic steel shipments decreased both on-year and month over month in September.

Northwest Pipe’s third-quarter earnings jumped over 76% on-year as the company expects a strong finish to 2024.

SMU is pleased to share this Insight piece from CRU economists. You can visit the CRU website to learn about its global commodities research and analysis services. The US presidential election will take place this Tuesday, Nov. 5, with opinion polls indicating a tight race between the two main contenders, Democrat Kamala Harris and Republican Donald Trump, […]

The theme of “unprecedented stability” in pricing predominated among galvanized steel buyers this month.

A roundup of this week's CRU aluminum news.

Despite a higher settle today on CME hot-rolled coil (HRC) futures, the pattern over the past four weeks has seen nearby steel futures prices drift lower, while the back of the 2025 curve has remained supported.

Insteel Wire Products Co., a subsidiary of Insteel Industries, has acquired Liberty Steel’s Engineered Wire Products (EWP) for $70 million with cash on hand.

Zekelman Industries has filed a lawsuit in Washington against the Republic of Mexico for allegedly violating trade agreements and dumping steel in the US.

The Canadian government announced a remission process for businesses for recently announced tariffs on Chinese steel and aluminum products and electric vehicles .

US drill rig activity saw a slight increase from last week but continues to hover near multi-year lows. In Canada, rig counts dipped last week but near one of the highest levels recorded in the past seven months.

Nucor said it would keep plate prices unchanged in a letter to customers on Wednesday. The Charlotte, N.C.-based steelmaker in addition said it was opening its November order book for plate. The company did not specify what its plate price was. It has officially kept prices flat since cutting them by $125 per short ton (st) on July 1.

Worthington Enterprises has named Joseph Hayek as the company’s next president and CEO, effective Nov. 1. He will replace Andy Rose, who is retiring.

Domestic steel shipments increased month over month but slipped on year in August.

CRU Senior Steel Analyst Alexandra Anderson shares insight into the current market for long steel products.

All eyes are on the coastwide longshoremen's strike, with many scrambling to assess the situation and understand its implications for their businesses and the economy.

Bull Moose Tube Co. (BMT) will expand its steel pipe and structure operations with a $25 million plant in Gerald, Mo., according to The Economic Times.

In this Premium analysis we cover oil and natural gas prices, drilling rig activity, and crude oil stock levels in North America. Energy prices and rig counts are advance indicators of demand for oil country tubular goods (OCTG), line pipe, and other steel products.

US rig counts remain near multi-year lows, which is the territory they have been in for the last three months. Canadian counts have edged lower in the past two weeks, slipping from a six-month high earlier this month.

The price gap between US cold-rolled (CR) coil and offshore product is a bit broader this week despite slightly lower tags stateside. The premium is still widening since falling to a 10-month low in late July.

Oil and gas drilling activity in the US recovered the week ended Sept. 13, but remains near multi-year lows.

The US plate market finds itself in unfamiliar territory, well maybe unfamiliar territory for this side of the post-Covid “normal,” that is.

Negotiation rates have edged lower from our previous market check, a downward trend witnesses since July.

U.S. Steel has rolled out “ZMAG,” a flat-rolled coated steel product intended to endure harsh weather conditions.

July represents the second-lowest monthly rate for steel imports so far this year.