Nippon eyeing new $4B U.S. Steel mill to sweeten deal: Report
Nippon Steel could build a new domestic U.S. Steel mill with a total investment of $4 billion.
Contributor: Ethan Bernard
Ethan Bernard
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Nucor cuts CSP by $20/ton, third straight drop
Nucor has lowered its consumer spot price by $20 per short ton, marking the third consecutive weekly decrease.
Commerce lays out final results for CVD review on certain Korean CR products
The period under review is Jan. 1, 2022, through Dec. 31, 2022.
Commerce gives final CVD results on certain Korean CORE products
The US Commerce Department has provided the final results for the countervailing administrative review of certain corrosion-resistant steel products (CORE) from South Korea.
Final Thoughts
Let's see what SMU survey respondents are saying about Trump's tariffs.
Final Thoughts
The Tariff Town amusement park ride shows no signs of slowing down.
HRC vs. prime spread narrows further in May
The price spread between hot-rolled coil (HRC) and prime scrap narrowed again in May, according to SMU’s most recent pricing data.
Pa. state senator eyes legislation to incentivize steelmaking
A Pennsylvania state senator plans to submit legislation to incentivize steelmaking in the state.
SMU Scrap Survey: Current, Future Sentiment Indices log declines
However, in a month plagued by tariff and economic uncertainty, both current and near-term outlooks for our scrap survey respondents remained surprisingly optimistic.
US scrap tags tumble in May, bottom near?
Domestic scrap prices tumbled across the board in May, but will June prove a bottom for the market?
US, UK reach trade deal that includes Section 232 'alternative'
The US and UK governments have announced a trade deal in which an “alternative” to the Section 232 steel and aluminum tariffs will be provided.
Klöckner narrows Q1 loss, targets growth in North America and Europe
Germany’s Klöckner & Co. reported a narrower loss in the first quarter as the company targets becoming the “leading” service center and metal processing firm in North America and Europe by 2030.
Russel mulls buying US service centers despite Q1 profit dip
Russel Metals’ earnings slipped in the first quarter, but the company is still eyeing service center acquisitions in the US.
Domestic steel shipments rise in March: AISI
US steel shipments increased both sequentially and on-year in March, according to the latest data from the American Iron and Steel Institute (AISI).
US pols urge 'domestically owned' steel industry
US Sen. Jim Banks (R-Ohio) and Rep. Frank Mrvan (D-Ind.) have written a letter in support of a “domestically owned and operated American steel industry” being vital to national security.
SunCoke earnings slip in Q1 as pact with USS on Granite City extended
SunCoke Energy posted lower earnings in the first quarter. Meanwhile, the company said it has extended the cokemaking contract for U.S. Steel’s Granite City Works in Illinois through the end of September 2025.
Olympic Steel earnings slump in 'challenging' first quarter
Olympic Steel’s earnings slid in the first quarter as the steel industry faced a “challenging” economic conditions.
Olympic taps Scott for board, Rippey steps down
Olympic Steel elected Peter J. Scott to its board of directors at its annual meeting on May 2. At the same time, long-time director Michael G. Rippey has retired from the board after 10 years.
Commerce debuts 'inclusions process' for steel, aluminum derivative products
The US Commerce Department has set up an “inclusions process” to add derivative aluminum and steel articles within the scope of the new Section 232 tariffs.
SMU Community Chat: Bilstein's Wilson talks tariffs and pretzels
Brent Wilson talks about the different takes on President Trump's tariffs in Europe and the US.
USS swings to loss in first quarter on N. American flat-rolled segment woes
U.S. Steel CEO praised the company’s resilience, “despite the seasonally low results driven by annual mining logistics constraints in our North American Flat-Rolled segment and lagging spot prices.”
Nucor gives updates on new capacity coming online
Nucor said several of its capital projects will start operations within the next year and provided an update on them.
Algoma swings to loss on 'market challenges' and 'tariff uncertainties'
Canada’s Algoma Steel swung to a loss in the first quarter amid "market challenges," and the company now expects first steel production from its first EAF in the second quarter.
Nucor's Topalian lauds Trump's trade policies, downplays impact
Nucor’s top exec Leon Topalian said the benefit of the current administration’s aggressive trade policies “trumps” any risk of potentially higher raw materials prices.
Nucor earnings slump in first quarter, but better times seen ahead
Nucor’s profits fell precipitously in the first quarter, but the company has a rosier outlook for the following quarter.
Worthington Steel set to move HQ across town
Worthington Steel is preparing to move its corporate headquarters to the Easton area of Columbus, Ohio.
SMU Steel Summit 2025: A vibe you won't want to miss
SMU Steel Summit 2025 will be here before you know it. Be sure to register!
Nucor names Batterbee, Bledsoe to HR roles
Nucor Corp. has promoted Thomas J. Batterbee to the position EVP of human resources and talent and appointed Elizabeth Bledsoe to the newly created position of president of human resources and talent.
GrafTech loss widens in first quarter amid 'global economic uncertainty'
GrafTech International reported a wider net loss in the first quarter amid “global economic uncertainty” and “fluid” global trade policies.
Millett sees tariffs, CORE case benefiting SDI
Steel Dynamics' top exec thinks Trump’s tariff policies, as well as the results from the recent CORE case, will prove advantageous to the Fort Wayne, Ind.-based steelmaker and aluminum company.