Category: US

Wire rod imports from Algeria face new countervailing duties (CVDs) in the US.

Market reaction to Nucor’s move was mixed. Some sources said a flat CSP reflected concerns that further increases in US HR prices could attract more import competition. Others expressed frustration. Their view: CSP has kept a lid on prices, something that shouldn’t happen when many buyers remain more concerned about availability than price.

Total US raw steel output recovered last week after declining in the three prior weeks, according to recent American Iron and Steel Institute (AISI) figures.

Talks of a potential joint venture between Atlas Tube and Maruichi USA have ended.

The investigation follows requests from US producers Nucor and Steel Dynamics.

Rebar imports from Algeria are now subject to stiff countervailing duties (CVDs).

USW and Cleveland-Cliffs to begin master negotiations on July 20.

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.

Steel trade groups and unions in the US have weighed in on the USMCA review process, as the US announced it would not renew the trade pact in its current form.

Hot-rolled coil spot market participants told SMU they see no evidence of the market softening in the near term.  

We asked our readers what they thought the outcome of the ongoing USMCA talks might be as far as Section 232 tariffs go. Very few see an elimination of tariffs as likely.

Wheeling-Nippon Steel Inc. announced a series of promotions across the West Virginia-based company.

Barry Zekelman, executive chairman and CEO of Zekelman Industries, will be the featured guest on our next Community Chat on Wednesday, July 15, at 11 am ET.

Limited spot product and extended lead times continue to characterize the domestic plate market, prolonging upward price pressure.

The US manufacturing sector expanded in June but at a slower pace than the month before, according to the Institute for Supply Management’s (ISM) latest Manufacturing PMI Report.

The US government did not agree to renew the USMCA agreement in its current form, US Trade Representative Jamieson Greer said on Wednesday.

We’ve gotten so used to the slow, steady increases by now that $5/ton feels like the new flat. And flat, after so many consecutive weeks of gains, feels like a decrease.

Hot-rolled (HR) coil and plate prices continued to tick higher even as cold-rolled (CR) and coated prices came in unchanged, according to SMU’s latest check of the market.

Target Steel and Target Metal Blanking are expanding into Mexico.

The Chicago Business Barometer decreased by 6.0 points to 56.7 in June.

After the domestic scrap market wrapped up the first half of the year on a positive note, will July follow suit?

Total US raw steel output declined last week for the third-consecutive week but remains historically strong.

As all these initiatives unfold, one is left with the feeling that disruption of the global order is their primary purpose. As the old order is destroyed, it is time to think carefully about what will take its place.

Both Steel Buyers’ Sentiment Indices continue to indicate that steel buyers are confident in their companies’ prospects today, as well as in the months ahead.

Hybar LLC broke ground Friday on its second rebar mill in Osceola, Ark., accelerating one of the fastest expansion runs the US long-products sector has seen in years.

CMC’s profits more than doubled in its fiscal third quarter.

Some hot-rolled coil buyers expect continued incremental price increases from domestic mills. Others expect steeper increases, even if it risks inviting imports.

The London Metal Exchange (LME) cash aluminum settlement price fell 12% between June 2 and June 18 after reaching its highest level in more than four years, while the US Midwest Premium moved lower from record highs established in late May.

“Ohio Strip Steel reflects who we are today and where we’re going,” the Dover, Ohio-based company said.

Consolidation continues in the HSS (hollow structural sections) sector, with two big deals announced just this month.