Contributor: David Schollaert

The 16th annual SMU Steel Summit is bringing together the industry’s top voices to examine the trends shaping the market ahead.

Total shipments of heating and cooling equipment improved 3% from April to May, according to recently released figures from AHRI.

Cold-rolled (CR) coil prices were unchanged in the US this week, while offshore prices varied, though mostly trended up.

The results of the latest SMU flat-rolled market survey are now available on our website to all premium members.

SMU’s average price for domestic HR was unchanged vs. last week. In offshore markets last week, while prices diverged, the dynamic between stateside and imported product varied little.

SSAB Americas plans to increase plate prices by at least $40 per short ton (st), according to a letter sent to customers on Wednesday.

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 […]

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.

Nucor said on Monday, July 6, that its hot-rolled coil consumer spot price will remain unchanged at $1,130 per short ton for the week.

Oil and gas drilling activity in the US picked up over the past week, while drilling in Canada slowed, according to the latest Baker Hughes rig counts.

Imports from Europe are at parity with domestic hot rolled, while Southeast Asian products remain at a considerable discount. The result comes because a stateside rally coincides with faltering offshore prices.

Cleveland-Cliffs plans to upgrade its ironmaking process at Middletown Works, according to a permit filing with the Ohio EPA.

Nucor held its consumer spot price (CSP) for hot-rolled (HR) coil at $1,130 per short ton (st) for the week of June 29. The sideways move is the first of its kind since Jan. 21.

Flack Global Metals (FGM) has consolidated Pacesetter Steel Service under the FGM brand, finalizing the group’s formal transition, the company said on Friday.

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

The results of the latest SMU flat-rolled market survey are now available on our website to all premium members.

Cold-rolled coil prices moved higher in the US this week, as offshore prices trended lower. Imports are, as a result, increasingly more competitive, even with the 50% Section 232 tariff.

Domestic hot band prices are at a multi-year high, presently averaging $1,145 per short ton (st). They’re on a 39-week rally that has seen prices climb $360/st over that span.

The American Institute of Architects (AIA) said architecture billings showed signs of cooling in May, with the headline index reading notably below 50.

SMU’s average price for domestic HR was $1,145 per short ton (st) this week, $15/st higher week over week (w/w). In offshore markets last week, prices moved down, largely maintaining a trend seen since late April.

Total raw steel produced around the globe rebounded 3% in May to an estimated 157.9 million metric tons (mt), according to the World Steel Association (worldsteel).

We are in full ramp-up mode here at Steel Market Update as we put the final touches on North America’s largest flat‑rolled steel industry gathering of the year.

Cold-rolled (CR) coil prices ticked up in the US this week, as offshore prices mostly trended lower.

It’s what we call: One ticket. Two conferences. One journey to gather steel and aluminum insight.

Manufacturing activity in New York state increased modestly in June, easing after posting strong growth the month prior, according to the Empire State Manufacturing Survey.

SMU’s average price for domestic HR was $1,130 per short ton (st) this week, $15/st higher week over week (w/w). In offshore markets last week, prices were largely down, following a trend seen since late April.

SMU’s Steel Demand Index ticked back up from late May, remaining in elevated territory, according to mid-June indicators.

SMU’s Mill Order Index recovered in May, reclaiming some momentum lost the month prior.

Nucor Plate Group will maintain its previously announced fuel surcharge of $10 per short ton for next month, effective on all shipments beginning July 1.

Total heating and cooling equipment shipments declined 5% in April, according to AHRI figures.