Apparent steel supply rose 3% from May to June to the highest rate recorded in over four years, according to recent Department of Commerce and American Iron and Steel Institute (AISI) figures. June’s supply increased to 9.31 million short tons, driven primarily by higher domestic shipments, and partly offset by lower finished imports and increased exports.
Nucor announced on Monday, Aug. 10, revised galvanized and galvannealed coating extras higher by an average of 11%.
In recent conversations, some participants predict mill maintenance outages and scheduled updates will crimp an already constricted market.
Editor’s note This is an opinion column. The views in this article are those of an experienced trade attorney on issues of relevance to the steel market. They do not necessarily reflect those of SMU. We welcome you to share your thoughts as well at smu@crugroup.com. My colleague and friend Alan Price wrote last week about […]
AMU’s July survey found recyclers expecting lower prices as demand softened, while forward scrap supply views remained mixed.
The galvanized steel market isn't surging anymore; it's grinding.
SMU’s June ferrous scrap market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “ferrous scrap survey” results. Past scrap survey results are also available under that selection. If you need help accessing the survey […]
“The issue we heard most about is healthcare. You were loud and clear at every location and in the surveys that maintaining our healthcare benefits is a top issue," the USW said.
Steel Dynamics Inc. expects to post higher sequential earnings in the second quarter, with “meaningfully higher” profitability from its steel operations.
Steel mill lead times extended this week on both sheet and plate products, now at multi-year highs.
The forced-labor and Brazil 301 actions are aimed more at finished goods supply chains, not raw metals.
POSCO said its negotiations with Cleveland-Cliffs remain active, citing differences in opinions for lagging progress.
A broad coalition of steel groups have written a letter urging the US government not to allow China access to the domestic auto market.
Turner Industries said it's dedicating two state-of-the-art nuclear fabrication facilities in New Iberia and Port Allen Louisiana to producing high-precision modules and nuclear-grade piping.
Each of SMU’s sheet and plate price indices climbed higher this week, with all products rising further to new multi-year highs.
Participants in the hot- and cold-rolled coils market are optimistic about the market's health.
Domestic steel trade groups think real action could occur with the US chairing the Global Forum on Excess Steel Capacity this year at the OECD. .
The Global Steel Climate Council (GSCC) has certified an Italian steel company. Italy’s Duferco Travi Profilati SpA.
The Global Steel Climate Council (GSCC) has certified its first Asian steel company.
U.S. Steel marked its 125th anniversary yesterday. When you look at the massive changes that have occurred in the country over that time, perhaps it puts the current unpredictability in the steel industry into perspective.
Steelforce Packaging restructured its North American operations into an entity it now calls Steelforce America. Brion S. Talley will lead Steelforce America as its CEO.
The galvanized steel market is navigating price increases and longer lead times with a surer footing than in prior months.
Australia-based steelmaker BlueScope reported higher profits in its North American operations in the first half of its fiscal-year 2026 as it remained open to bids for the overall company.
Recent winter storms have impeded barge transportation along multiple Midwestern waterways, according to various transportation services. Likewise, U.S. Steel said it was facing challenging shipping conditions but does not expect customers to be impacted.
The US Environmental Protection Agency (EPA) has proposed reversing the Biden-era “Good Neighbor Plan,” which mandated federal limits on certain industrial emissions.
Steel Dynamics Inc. reported higher Q4 profits despite lower contract prices for flat-rolled steel and more outages than usual in the quarter.
Though they’re hopeful, domestic sheet market sources didn’t share a bullish outlook on the market this week.
Participants in the domestic steel plate market said they are maintaining strong order books, experiencing longer lead times, and finding mills are less open to negotiating prices.
Multiple steel mills revised their galvanized, galvannealed and/or aluminized coating extras higher this week.
Please note that SMU has removed the article titled: Alleged transshipment of Chinese steel plate raises red flags in Houston