Category: US

Steel buyers remain highly optimistic for their businesses’ chances for current and future success, according to SMU’s latest Steel Buyers’ Sentiment Indices.

This piece was first published by SMU’s nonferrous sister publication, Aluminum Market Update. To learn about AMU, visit their website or sign up for a free trial. An automotive supplier plans to turn a former steel mill site in Alabama into a facility to produce aluminum and plastic components for US automakers. Taiwan-based Minth Group Limited said the $430 million […]

SMU’s latest steel buyers market survey results are now available on our website to all premium members.

When nations eye their trade policy these days, are they only seeing tariffs? It might seem that way, especially after reading a presidential executive order or five over the last year. But is the condition spreading?

As spot prices for hot- and cold-rolled coils edge higher, mill capacity utilization rates hover below 80%, raising concern among some market participants.  

Steel mill lead times extended to multi-year highs on both sheet and plate products this week.

Most steel buyers report that domestic mills are unwilling to negotiate price on new sheet and plate spot orders.

Apparent steel supply increased from December to January, but remains on the low side compared to recent years.

US service centers’ flat-rolled steel supply declined for a second consecutive month in February, with shipping days of supply slipping to 52.2 on an adjusted basis, according to SMU data.

Prices for both sheet and plate products climbed higher this week, with some rising to multi-year highs, according to SMU's latest market canvass.

Heating and cooling equipment shipments declined in January to the second-lowest rate recorded over the past nine years.

U.S. Steel has issued a bid solicitation for the site of its new $4 billion mini mill, and Michigan is in the running, the company’s top executive recently told Crain’s Detroit Business.

Steel Dynamics Inc. expects a sharp jump in first-quarter earnings, driven by stronger steel and recycling margins, steady fabrication results, and continued progress at its aluminum mill.

The Steel Manufacturers Association’s (SMA's) Philip K. Bell believes President Trump’s steel tariffs have been effective so far, and thinks we should remain “solution-focused” regarding the upcoming USMCA review.

Raw steel production declined last week for the third-consecutive week but remains historically strong, per AISI.

Zekelman Industries said Jean-Marc “JM” Athanassiadis will take over as division president for the company’s Sharon Tube business unit in Farrell, Pa.

SA Recycling's CEO George Adams couldn't be more upbeat about American industry.

Steel imports remained close to multi-year lows in January and February, according to US Commerce Department data released this week.

The office of the US Trade Representative has opened a major Section 301 investigation into structural excess capacity across global manufacturing, with steel and aluminum at the center of the inquiry.

This week sources said spot prices on hot-rolled coils increased modestly. 

With the Iran war approaching its third week, the future course and scope of the conflict remain uncertain. Even so, while the human costs are the most immediate and tragic, the global economic implications have already proven to be significant.

The latest tally of active oil and gas rigs increased in the US this week but declined in Canada, according to figures recently released from Baker Hughes.

Domestic plate market participants expressed confidence in the overall improvement of market conditions this week.  

Earlier this week, SMU polled steel buyers on an array of topics, ranging from market prices, demand, and inventories to tariffs, imports, and evolving market events.

Nucor Plate Group notified customers it is increasing prices on all rolled products by $40 per short ton (st) and $60/st on all heat treat products.  

The spread between domestic hot-rolled coil and prime scrap prices widened in March, marking a six-month trend.

SMU's sheet and plate prices were flat or higher this week in a US market that remains characterized by extended lead times and limited spot availability.

Reliance Inc. announced two big US government contract wins from its wholly-owned subsidiary AMI Metals Inc.

Worthington Steel reduced its minimum acceptance threshold to 57.5% for its purchase of Kloeckner & Co.  

An administrative review of the anti-dumping duty (AD) order on heavy-walled rectangular pipe and tube from Mexico has found evidence of continued dumping by Mexican companies.