Contributor: Ethan Bernard

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA. in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

Holiday Notice: Fourth of July

SMU will be closed on Friday, July 4, with no Sunday newsletter on Sunday, July 6.

Steel groups welcome passage of budget bill

Steel trade groups praised the passage of the Big Beautiful Bill (BBB) in Congress on Thursday.

Triple-S closes on American Stainless Tubing buy

Triple-S Steel Holdings has closed on its previously announced acquisition of American Stainless Tubing.

Global Steel Climate Council certifies eight SDI, ASA HR products

GSCC certifies eight products from Steel Dynamics and Arkansas Steel Associates.

Final Thoughts

What's going to be the next big thing in steel?

Cliffs idles Steelton, Riverdale, and Conshohocken operations

Cliffs has idled facilities in Riverdale, Ill., and Conshohocken and Steelton, Pa.

GE Appliances announces $490M reshoring project in Kentucky

GE Appliances announces $490-million reshoring project in Kentucky.

Nucor lifts HR spot price by $10/ton

Nucor has raised its weekly spot price on hot-rolled coil by $10 per short ton after holding it steady last week.

Canadian steel industry fears thousands of job losses from US tariffs

The Canadian steel industry is bracing for thousands of job losses because of US tariffs, the Canadian Steel Producers Association says.

USS shuffles some leadership roles after close of Nippon deal

USS shuffles leadership deck after deal closes with Nippon.

US, Mexico mull tariff-rate quota system: Report

Could the US and Mexico end up with a tariff-rate quota system?

Worthington Steel fiscal Q4 profit rises despite sales drop

Worthington Steel earnings rose while sales fell in its fiscal fourth quarter.

Final Thoughts

What should you keep your eye on, considering the latest geopolitical events?

Nucor gives update on cyberattack, no 'material impact'

Nucor gives update on cyberattack from May.

Nucor CSP remains level at $900/ton

Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.

Cliffs commissions stainless annealing line at Coshocton Works

Cleveland-Cliffs announced the commissioning of its new Vertical Stainless Bright Anneal Line at its Coshocton Works facility in Coshocton, Ohio, on Friday.

CSPA, USW say Canadian government's steel action 'falls short'

CSPA, USW disappointed in Canadian government's actions on steel.

Worthington Enterprises buys Elgen Manufacturing

Worthington Enterprises acquires HVAC products maker Elgen Manufacturing.

Final Thoughts

Now that the USS/Nippon deal has been completed, what's next?

Flack: 'Hedge your bets,' it's going to get bumpy

Jeremy Flack of Flack Global Metals weighs in on USS, tariffs, and hedging in today's market.

Nippon/USS finalize 'partnership,' including US government 'Golden Share'

Nippon Steel and USS have finalized their "partnership" in a deal first announced in December 2023.

Metal recycler SMI acquires two new Kansas locations

Scrap Management Industries (SMI) has purchased two recycling facilities in Kansas.

Northwest Pipe changes name to NWPX Infrastructure

Northwest Pipe changes name to NWPX Infrastructure.

Nippon exec responds after Trump 'golden share' comments: Report

A Nippon executive has hit back regarding the deal for USS following President Trump's talk of a "golden share" on Thursday.

Friedman's profits tick higher on record quarterly sales volumes

Friedman Industries' earnings increased in its fiscal fourth quarter ended March 31.

Trump says US government to control 51% share in USS

President Trump says the US government will hold a 51% stake in U.S. Steel after the Nippon deal.

GM announces $4B investment in US production plants

GM looks to invest $4 billion in its US operations.

HRC vs. prime scrap spread widens in June

The price spread between HRC and prime scrap widened in June.

Ferrous scrap pricing sideways in June

Ferrous scrap prices in the US have remained stable from May to June.

Canacero hits out at new US steel tariffs

Mexican steel trade group Canacero has condemned the US’ actions of raising tariffs on steel and aluminum to 50% from 25%.