Contributor: David Schollaert

US service centers’ flat-rolled steel supply declined for a fourth straight month in May, with shipping days of supply slipping to 44.7 on an adjusted basis, according to SMU data.

Nucor announced on Monday, June 15, that its consumer spot price (CSP) for hot-rolled coil will be $1,125 per short ton (st) for the week, up $10/st from last week.

In just a little over two months, the flat-rolled steel industry will gather in Atlanta to uncover the decisions, innovations, and forces shaping the market today — and what’s coming next.

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

The World Cup only comes around every four years. So let's take a walk down memory lane to see where the steel market stood four years ago.

The price gap between US hot-rolled coil (HR) and landed offshore product continues to narrow, as stateside prices are now, on average, carrying a premium over imports. Domestic tags are still outpacing imported hot band as pricing dynamics diverge.

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

The Dodge Momentum Index (DMI) grew in May, up from a downwardly revised April reading. Gains were again driven by data centers, though healthcare, retail, and office grew vs. April.

Nucor announced on Monday, June 8, that its consumer spot price (CSP) for hot-rolled coil will be $1,115 per short ton (st) for the week, up $10/st from last week.

A Mexican court has approved the joint auction of AHMSA and its MINOSA mining assets for $1.33 billion, paving the way for a single buyer to take control of both businesses.

Atlas Tube, a Zekelman company, said on Friday it has agreed to form a joint venture with Maruichi USA.

The Association of Cold Rolled Specialty Steel (ACRSS) officially responds to the formal investigation Mexico opened into cold-rolled steel imports from the US

Nucor on Friday announced plans to increase plate prices by $60 per short ton (st).

SMU’s June ferrous scrap market survey results are now available on our website to all premium members.

The price gap between US hot-rolled coil (HR) and landed offshore product continues to narrow toward parity.

We’re less than 90 days out from North America’s largest gathering of the flat-rolled steel industry!

Nucor announced on Monday, June 1, that its consumer spot price (CSP) for hot-rolled coil will be $1,105 per short ton (st) for the week, up $10/st from last week.

SMU’s Mill Order Index (MOI) eased marginally in April, losing some momentum after moving higher in March.

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

US service centers’ flat-rolled steel supply fell for a fourth straight month in April, with shipping days of supply slipping to 45.7 on an adjusted basis, according to SMU data.

While August might seem like a long way off, we’re putting the final touches on the agenda for steel’s can’t-miss gathering of the year.

SMU’s April ferrous scrap market survey results are now available on our website to all premium members.

SMU’s Mill Order Index (MOI) recovered in March, gaining some momentum after a marginal decline in February.

Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,070 per short ton (st), a $5/st increase from last week.

Oregon Steel Mills (OSM) is attempting to push spot plate prices up by a minimum of $60 per short ton (st).

The price gap between US hot-rolled coil (HR) and landed offshore product tightened this week. The dynamic continues even as stateside and import prices diverged a bit vs. the prior week.

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

Last week, Steel Market Update and CRU hosted our inaugural VIP Briefing in Chicago ahead of the Scouting America Metals Industry Dinner.

Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,065 per short ton (st), a $10/st increase from last week.

The price gap between US hot-rolled coil (HR) and landed offshore product tightened this week. The dynamic continues as both stateside and offshore prices have largely trended higher.