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.
Contributor: Ethan Bernard
Ethan Bernard
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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.
SMU Community Chat: JSW USA's Simon upbeat on Baytown, Mingo Junction
Longtime steel veteran Robert Simon is excited about the transformation taking place at JSW Steel USA. And he has a rosy outlook for the rest of the year.
SMU Scrap Survey: Current Sentiment falls as Future Sentiment increases
SMU’s Current Sentiment Index for scrap slipped in June, but Future Sentiment rose, according to the latest data from our ferrous scrap survey.
Final Thoughts: SMU's June scrap survey
We provide a sneak peek at this month's SMU Scrap Survey, with insights on tariffs, pricing, and demand.
Algoma seeks higher tags on coil, plate products
Algoma Steel announced on Thursday a price increase for coil and plate products, effective immediately.
Worthington Steel completes acquisition of Kloeckner
Worthington Steel has completed its takeover offer for Germany-based service center group Kloeckner & Co. following the fulfillment of all closing conditions.
Final Thoughts
The official beginning of the USMCA review is less than a month away. But negotiations have already started, and steel tariffs could hang in the balance.
Borusan US unit secures sales order totaling ~$742M
Borusan Berg Pipe, a US subsidiary of Turkish pipe and tube producer Borusan, has secured new sales orders totaling ~$742 million.
SDI taps SMS group for hot strip mill upgrade at Butler mill
Steel Dynamics Inc. has contracted SMS group to complete a comprehensive upgrade of the process automation system at its hot strip mill in Butler, Ind.
SMU Survey: Current, Future Sentiment Indices slip
SMU’s Steel Buyers’ Sentiment Indices edged down this week, according to our most recent survey data.
Chicago Business Barometer soars in May
The Chicago Business Barometer increased in May after easing the two previous months.
Final Thoughts: Steel Summit 2026, we've got you covered
Someone emailed me today to ask the likelihood that Section 232 steel tariffs on Canada and Mexico would be reduced. Unfortunately, that’s way above my paygrade. However, it does highlight a great reason to attend Steel Summit 2026 in August.
Worthington says all regulatory conditions cleared for Kloeckner buy
All regulatory conditions for Worthington Steel's acquisition of Germany-based service group Kloeckner have been met, a spokeswoman told SMU on Wednesday.
US, Mexico set dates for negotiation ahead of USMCA review: USTR
The Office of the US Trade Representative (USTR) has announced that the United States and Mexico will be having a series of bilateral negotiating rounds related to the joint review of the US Mexico Canada Agreement (USMCA).
AISI: Raw steel output falls off multi-year high
US raw steel production slipped last week, falling from a multi-year high the previous week, according to the most recent American Iron and Steel Institute (AISI) data.
Worthington launches $900M notes offering for Kloeckner buy
Worthington Steel said on Tuesday its subsidiary plans to raise $900 million through a senior secured notes offering to raise funds for the company’s proposed Kloeckner acquisition.
US and Canadian rig counts rise
The US and Canadian rig counts both increased this week, according to the latest data from Baker Hughes.
Final Thoughts: Paying tribute
This long weekend, we pay tribute to the sacrifices of the men and women of the US armed forces.
AISI, SMA cheer BUILD America 250 Act as helping US steel industry
Steel trade groups have come out in support of the Building Unrivaled Infrastructure and Long-term Development for America's 250th Act (BUILD America 250 Act)
Final Thoughts: Iran war takes a bite out of business
We look at how SMU survey respondents are seeing the effects of Trump's tariffs and the Iran war on business.