Category: US

The US Department of Commerce is adjusting the import duties on Korean cold-rolled and galvanized steel after two administrative reviews.

Reliance Inc said that US government industrial policies contributed to its second-quarter financial success.

Strong steel prices and elevated interest rates may be reshaping the competitive landscape among metals distributors.

Steel and many steelmaking raw materials have been spared from additional forced labor Section 301 tariffs.

Drilling activity remained at or near multi-month highs in both the US and Canada this week, according to recently released oil and gas rig count figures by Baker Hughes.

SMU’s Steel Buyers’ Sentiment Indices indicate that buyers remain confident in their companies’ prospects today and in the near future.

A wrap-up following USMCA review columns from SMA, AISI, and the CSPA.

Cleveland-Cliffs’ top executive said any restart of the blast furnace at its Dearborn Works in Michigan hinges on automakers reshoring more production to the US.

Steel mill lead times have trended upward since last November and now stand at or near multi-year highs for all products.

Cleveland-Cliffs President and CFO Celso Goncalves said no deal was imminent between the company and South Korean steelmaker POSCO because of disagreements over valuation.

Cleveland-Cliffs Inc. narrowed its losses in the second quarter thanks to increased demand, higher prices, longer lead times, and limited import competition.

The majority of steel buyers responding to our market survey this week report that mills are holding a firm grip on prices

SMA's Philip K. Bell gives his perspective on the latest news regarding the USMCA review process.

Spot market absorbs price hikes amidst booming plate demand 

Sheet prices continued to grind higher this week on factors familiar to most steel market participants: extremely limited spot availability, long lead times, low inventories, and firm demand.

USW pushes back on preliminary contract updates amid USS negotiations.

The galvanized steel market isn't surging anymore; it's grinding.

Steel Dynamics Inc. posted sharply higher profits on record quarterly shipments and predicted the good times might continue to roll into 2027.

Total US raw steel mill output declined last week to the lowest rate seen since April, according to the latest American Iron and Steel Institute (AISI) figures

Apparent steel supply jumped 8% from April to May to a near four-year high, according to recent Department of Commerce and American Iron and Steel Institute (AISI) figures.

US Trade Representative (USTR) Jamieson Greer will travel to Mexico from Wednesday to Friday this week to continue bilateral discussions related to the USMCA joint review.  

Steel exports eased 1% in May and remain significantly lower than trade of previous years.

Aluminum Dynamics plans to invest more than $200 million to develop a recycled slab center in Lowndes County, Miss., establishing the permanent location for a project relocated from Arizona earlier this year.

Drilling activity ticked higher this week in both the US and Canada, according to recently released rig count data from Baker Hughes.

Liberty Steel workers at its Bartonville, Ill., facility face furloughs after an industry downturn, according to a media report.

Some hot-rolled coil market participants said they're optimistic that the market will remain strong throughout the rest of the year. 

Orion Steel has appointed Todd Ptacek as its new president.

Rocky Mountain Steel Mills said that Union Pacific Railroad received the first stick of rail from the steelmaker’s new long rail mill in Pueblo, Colo.

Steel export prices will remain under downward pressure across most major regions, due to seasonal demand weakness, intensifying competition, and the redirection of trade flows following the EU's revised tariff-rate quota (TRQ) system. 

Barry Zekelman showed up to last Wednesday’s SMU Community Chat as his usual self: energized, blunt, and unapologetically bullish on the US steel industry.