GrafTech loss widens in first quarter
GrafTech International reported a wider net loss in the first quarter. However, it expects demand for graphite electrodes to "improve modestly" in the rest of 2026.
Contributor: Ethan Bernard
Ethan Bernard
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Ferrosource facility at Big River Steel to start up in August
Ferrosource LLC, a distributor of ferrous metals, is nearing completion of its steel processing facility on the campus of Big River Steel Works (BRSW) in Osceola, Ark. Operations are set to begin in August.
USW, U.S. Steel contract talks to start later this summer
Negotiations between the United Steelworkers (USW) union and U.S. Steel will not begin early, according to a text message to union members obtained by SMU.
Coalition of steel groups urge China kept out of US auto mart
A broad coalition of steel groups have written a letter urging the US government not to allow China access to the domestic auto market.
Gerdau's N. American ops log higher profits in Q1
Gerdau’s North American operations reported increased profits in the first quarter on higher prices and shipments.
USS to invest $1.9B to build DRI plant at Big River Steel Works
U.S. Steel has announced a $1.9 billion investment to construct a new direct-reduced iron (DRI) facility at Big River Steel (BRS) Works in Osceola, Ark.
SSAB Americas revenue dips in Q1 despite higher steel prices
SSAB Americas’ revenue fell in the first quarter as negative currency effects outweighed higher steel prices.
POSCO inks deal with US-based clean iron technology firm
South Korea’s POSCO has signed a joint development agreement with Boulder, Colo.-based clean iron technology company Electra.
USTR Greer says rules of origin to be central in USMCA talks
US Trade Representative Jamieson Greer said rules of origin will be a major focus of upcoming USMCA review talks.
Air Liquide to spend more than $350M to support Hyundai-POSCO Louisiana mill
France’s Air Liquide is investing more than $350 million to expand industrial gas production and infrastructure in support of the proposed Hyundai-POSCO EAF mill in Louisiana.
Final Thoughts
The countdown continues. 123. That’s how many days before Steel Summit 2026 kicks off on Aug. 24 in Atlanta. And it looks like there will be no shortage of things to talk about.
USTR says steel, auto tariffs on Mexico will remain despite USMCA talks: Report
US Trade Representative (USTR) Jamieson Greer said Mexico should not expect the upcoming USMCA review to result in the removal of US steel and aluminum tariffs, according to media reports.
Reliance earnings soar in Q1'26 on robust pricing, demand
Reliance Inc.’s earnings jumped in the first quarter on strong pricing and demand.
SDI's Millett upbeat on M&A despite rejected BlueScope bid
Steel Dynamics Inc’s chief executive is bullish on M&A opportunities despite the rejection of its joint bid for Australia’s BlueScope Steel.
SDI gets Q1'26 earnings bump from higher steel tags, record shipments
Steel Dynamics Inc.’s first-quarter 2026 earnings soared on record steel shipments and a jump in steel prices.
Rocky Mountain Steel inks 7-year deal with Union Pacific Railroad
Rocky Mountain Steel Mills has signed a new seven-year contract with Union Pacific Railroad for the domestic production of steel rails.
Hyundai, Fives Group ink deal for coil finishing lines in Louisiana
Hyundai Steel and France-based Fives Group announced the signing of a contract for coil finishing lines for the Hyundai-POSCO joint steel mill proposed in Louisiana.
HRC vs. busheling spread continues to widen in April
The spread between domestic hot-rolled coil and prime scrap prices widened again in April, a trend that started back in September.
Final Thoughts: SMU Scrap Survey
We look at market participant comments from this month's SMU Ferrous Scrap Survey.
SMU Scrap Survey: Sentiment Indices reach record-highs
SMU’s Current and Future Sentiment Indices for scrap rose in April, pulling even with each other for the first time, according to the latest data from our ferrous scrap survey.
SMU April scrap tags flat on prime, down $20 on shredded and HMS
US scrap prices came in flat on busheling in April, while shredded and HMS both traded down, sources told SMU.
Final Thoughts
The world definitely seems like a more dangerous place these days. And, of course, when national security is invoked, the steel industry always plays a key role.
SMA, AISI upbeat as US chairs Global Forum on Excess Steel Capacity
Domestic steel trade groups think real action could occur with the US chairing the Global Forum on Excess Steel Capacity this year at the OECD. .
Steel market chatter this week
SMU survey respondents sound off on a host of issues affecting the steel industry.
Global Steel Climate Council certifies Italian steel firm
The Global Steel Climate Council (GSCC) has certified an Italian steel company. Italy’s Duferco Travi Profilati SpA.
AISI: Raw steel production rises in US
US raw steel production increased both week over week and year over year in the week ended April 4, according to the latest data from the American Iron and Steel Institute (AISI).
Ice (and an icebreaker shortage) delays Great Lakes iron ore shipments: LCA
A Lake Carriers’ Association (LCA) official said iron ore shipments would be delayed by a few weeks on the Great Lakes because of winter weather and a lack of icebreakers.
SMU Survey: Steel Buyers' Sentiment Indices tick up
SMU’s Steel Buyers’ Sentiment Indices have both inched up, according to our most recent survey data.
Final Thoughts
What impact could the war in Iran have on the steel raw materials supply chain and prices?
Worthington Steel says share threshold exceeded for Kloeckner buy
Worthington Steel has exceeded the minimum share threshold for its acquisition of Kloeckner and Co.