USTR traveling to Mexico this week to discuss USMCA, steel tariffs
US Trade Representative (USTR) Jamieson Greer will travel to Mexico from Wednesday to Friday this week to continue bilateral discussions related to the USMCA joint review.
Contributor: Ethan Bernard
Ethan Bernard
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Liberty Steel temporarily furloughs workers at Illinois wire rod mill
Liberty Steel workers at its Bartonville, Ill., facility face furloughs after an industry downturn, according to a media report.
Orion Steel taps Ptacek as president
Orion Steel has appointed Todd Ptacek as its new president.
Rocky Mountain Steel delivers first stick of rail to Union Pacific
Rocky Mountain Steel Mills said that Union Pacific Railroad received the first stick of rail from the steelmaker’s new long rail mill in Pueblo, Colo.
Senate Finance Committee advances ITC nominees; AISI, SMA cheer
The US Senate Finance Committee has advanced the nominations of five nominees to the US the International Trade Commission. They will now be considered by the full Senate.
HRC vs. prime scrap widens again in July
The spread between domestic hot-rolled coil and prime scrap prices widened further in July, a trend that started back in September. It’s at its widest level since April 2022.
Worthington declares opening of delisting offer period for Kloeckner shares
Worthington Steel has opened the acceptance period for its public delisting tender offer for all outstanding Kloeckner & Co SE shares.
Mesabi Metallics logs first production blast at iron ore mine
Mesabi Metallics Co. has announced the successful completion of its first production blast at its iron ore mine in Nashwauk, Minn.
SMU's scrap tags settle soft sideways in July
SMU’s scrap prices came in soft sideways in July, according to market sources.
Mexico urges US steel, auto tariffs be removed: Report
The Mexican government is pushing to have steel and auto tariffs removed in its next round of USMCA negotiations with the US, according to a report in El Pais.
Ferrous scrap market chatter this month
A snapshot of our scrap market survey with some respondent comments included.
Fabricator JGM makes changes to executive team
Industrial construction and steel fabricator JGM has announced leadership changes.
SMU Scrap Survey: Current Sentiment rises, Future Sentiment dips
SMU’s Current Sentiment Index for scrap increased in July as Future Sentiment slipped, according to the latest data from our ferrous scrap survey.
Algoma in talks with TKMS following submarine deal
Algoma Steel is in talks with ThyssenKrupp Marine Systems (TKMS) following the Canadian government's selection of the German company as the preferred supplier of submarines.
Canada taps TKMS for submarines, passes on Algoma-linked deal
The Canadian government has selected a German firm to build submarines, passing on a contract from a South Korean company linked with Algoma Steel.
Cliffs awarded $400M GOES contract from Department of War
Cleveland-Cliffs has been awarded a $400 million contract by the US Department of War for grain-oriented electrical steel (GOES), the department announced last week.
US steel trade groups, unions say USMCA must be strengthened
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.
Algoma guides to lower Q2 shipments, but adjusted EBITDA to show profit
Algoma Steel Group expects lower shipments in its second quarter of 2026 but anticipates adjusted EBITDA to move back into the black.
US declines to renew USMCA agreement in current form
The US government did not agree to renew the USMCA agreement in its current form, US Trade Representative Jamieson Greer said on Wednesday.
SMU Community Chat: Tanners sees tags tapering off in second half
Wells Fargo's Timna Tanners thinks the steel price rally will be falling off as we get further into the second half.
CMC's profits soar in fiscal third quarter
CMC’s profits more than doubled in its fiscal third quarter.
Worthington swings to fiscal Q4'26 loss
Worthington Steel swung to a loss in its fiscal fourth quarter as the company completed its acquisition of Germany-based Kloeckner & Co.
Final Thoughts
While the way we deliver Final Thoughts is changing on Friday, our commitment to bring you the most up-to-date steel news remains unwavering.
SSAB Americas and partners debut circular steel project
SSAB Americas, the Greenbrier Companies, and Alter Trading have partnered on a project where recycled materials can be used to make near-zero emissions steel and returned to the supply chain.
Leeco Steel makes regional operations manager changes
Leeco Steel has announced changes to two regional operational manager positions.
SMU Profile: Ava Hascall keeps steel in the family
A profile of Hascall Steel's Ava Hascall.
Nucor guides to higher earnings in second quarter
Nucor expects higher earnings in the second quarter, both sequentially and year over year, and anticipates increased profits sequentially across all its operating segments. The steel mills segment is expected to see the biggest boost.
HRC vs. prime scrap spread hits mark not seen since 2022
The spread between domestic hot-rolled coil and prime scrap prices continued to widen in June, a trend that began in September.
SMU's June scrap prices land flat
Ferrous scrap prices for June came in sideways, scrap sources told SMU.
SMU Exclusive: Worthington's Gilmore touts closing of Kloeckner acquisition
Fresh off the closing of Worthington Steel’s acquisition of Kloeckner & Co., Worthington President and CEO Geoff Gilmore sat down with SMU to reflect on the transaction and outline the path forward.