AISI: Raw steel production rebounds after near six‑month low
The volume of raw steel produced by US mills ticked higher last week, according to the latest figures published by the American Iron and Steel Institute (AISI).
Category: US
Manufacturing in New York state contracts in December
Business activity in New York state retreated in December, according to the Empire State Manufacturing Survey conducted by the Federal Reserve Bank of New York.
Lawmakers introduce STEEL Act to bolster trade enforcement
US Congressmen Mike Kelly (R-Pa.) and Chris Deluzio (D-Pa.) have introduced the Strengthening Trade Enforcement and Evasion Limitations Act (STEEL Act) into the House of Representatives. The bipartisan bill aims to curb unfairly traded imports and strengthen US trade enforcement.
November service center shipments and inventories report
Flat rolled = 50.6 shipping days of supply Plate = 52.8 shipping days of supply Flat rolled US service centers’ flat-rolled steel supply declined for the fourth straight month, reaching 50.6 shipping days of supply on an adjusted basis at the end of November, according to SMU data. Flat roll supply is at its lowest […]
Nucor increases HR spot price by $10/ton, again
Nucor increased its weekly hot-rolled coil spot list price by $10 per short ton (st) again on Monday, Dec. 15. This was its eighth increase in as many weeks, moving up $65/st over that span.
Steel imports historically weak through November license data
According to recently finalized US Commerce Department data, US steel imports tumbled to a near five-year low in September
Plate buyers avoid restocking, wary of market uncertainty
US plate market participants hope the new year will bring favorable market conditions. But they remain leery of making big purchases because of lingering uncertainty.
SMU Survey: Buyers’ Sentiment slips, future outlook hits 9-month high
The latest SMU’s Steel Buyers’ Sentiment Indices showed mixed results.
US rig count slips as Canadian count ticks up
The US rig count edged down this week while the Canadian count inched up, according to the latest Baker Hughes data released on Friday, Dec. 12.
SMU Survey: Lead times stabilize following November extensions
Steel mill lead times held relatively steady this week on both sheet and plate products, according to responses from SMU’s latest market survey.
Spot market hopes sheet price hikes indicate a bullish start to 2026
Participants in the domestic coil market hope producer price increases indicate strong market conditions entering the new year.
SMU Survey: Buyers report mills are less negotiable on sheet prices, more on plate
Less than half of the steel buyers who responded to our market survey this week reported that domestic mills are willing to talk price on new spot orders
Spread between US HRC and imports tightens marginally
The price gap between stateside hot band and landed offshore product continues to narrow toward parity, now at its lowest level in five months.
Nucor raises galvanized base price to $1,050/ton
Nucor has announced new base prices for galvanized steel products as of Wednesday, Dec. 10.
SMU Price Ranges: Coated and plate inch higher, other products stable
SMU’s sheet and plate prices took a breather this week, holding relatively steady at multi-month highs.
Dodge Momentum Index down 1% in November, up on year
The Dodge Momentum Index (DMI) decreased 1% from October to November. However, it's up 36% year-to-date from the average reading over the same period in 2024, according to the latest data released by Dodge Construction Network.
AISI: Raw steel production eases to near multi-month low
Domestic raw steel production marginally declined last week, according to the latest data released by the American Iron and Steel Institute (AISI).
USW Local and Metallus agree to tentative 4-year contract
The United Steelworkers (USW) Local 1123 union and Metallus have reached a new tentative agreement for a four-year contract.
Worthington Steel in negotiations for possible takeover of Germany's Klöckner
Worthington Steel is in talks to possibly take over German-based service center chain Klöckner & Co. SE, both companies have confirmed.
SMU Community Chat: NEMO pushes pig iron vision toward 2030 launch
NEMO Industries CEO Daniel Liss has already made waves with his bold plan to bring pig iron production back to US soil. In an SMU Community Chat on Wednesday, he shifted the conversation from inspiration to execution, laying out timelines, financing strategies, and customer demand that could reshape the steel supply chain by the end of the decade.
Zekelman wins landmark case blocking Mexican conduit in Pennsylvania public works
The Pennsylvania Commonwealth Court has sided with Wheatland Tube, a Zekelman Industries company, in a landmark trade ruling that bars public agencies and contractors in the state from using Mexican-made steel conduit in state-funded projects.
AISI's Dempsey gives proposals to USTR ahead of USMCA review
The American Iron and Steel Institute’s (AISI's) Kevin Dempsey gave a series of policy proposals ahead of the review of the USMCA trade agreement next year.
Steel market chatter 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.
CPA warns against using S232 steel, aluminum in Big Tech trade talks
The Coalition for a Prosperous America (CPA) is urging the Trump administration to keep Section 232 steel and aluminum measures focused on rebuilding US capacity, rather than using them as bargaining chips in unrelated negotiations.
Nippon zeroes in on site for US steel plant: Report
Nippon Steel hopes to pare down a list of sites by next summer and make a final decision by the end of 2026 for a new U.S. Steel plant in the United States.
NLMK adjusts galvanized coating extras
NLMK has revised their galvanized and galvanneal coating extras effective January 2026.
US plate market welcomes price increases from producers
Sources expect the recent spot market price hikes on domestically produced plate products to be accepted by the market.
Price gap between US HRC, imports shrinks
The price gap between stateside hot band and landed offshore product has inched closer to parity, now at its lowest level since the summer.
SMU Price Ranges: Plate stable, sheet pushes higher
All of SMU’s sheet price indices rose this week, climbing to new multi-month highs. At the same time, our plate index held steady.
Scrap market sees early settlement signs in short holiday month
A steelmaker in the Southeast has entered the market for shredded, P&S, and HMS at prices of $20/gt over November.