Contributor: Ethan Bernard

SMU’s Steel Buyers’ Sentiment Indices both rose this week, with Current Sentiment rebounding 14 points.

Sometimes an entire news cycle happens in one week.

Algoma Steel’s net loss more than quadrupled in the third quarter on trade woes and its EAF transition. Separately, the company announced a change in leadership, as CEO Michael Garcia will retire at the end of the year.

Olympic Steel reported a decline in third-quarter earnings on Tuesday, as the company separately announced its merger with service center giant Ryerson.

National service center chains Ryerson Holding Corp. and Olympic Steel Corp. have announced a merger between the two companies.

NEMO Industries CEO talks cost and reasoning behind a $3-billion pig iron project in Louisiana.

Nucor’s profits more than doubled in the third quarter year over year, but the company expects Q4’25 to be lower sequentially.

Steel Dynamics has announced lower-embodied-carbon steel products BIOEDGE and EDGE, and expects “immediate interest” from several markets for some of the offerings.   

SMU digs into the vault to look back at an old survey, and to tell what exciting things are still to come.

Reliance Inc. reported lower profits in the third quarter amid trade woes and abundant inventory in the market.

SDI shipped the first product from its biocarbon facility in Columbus, Miss., in September as the project continues to accelerate.

Steel Dynamics Inc.’s third-quarter profits jumped year over year as the company saw “record” quarterly steel shipments

CMC reported higher net earnings in its fiscal fourth quarter on "better market conditions" across its segments.

FabArc Steel Supply announced this week the completion of two large-scale projects in Georgia and Mississippi.

SMU’s Steel Buyers’ Sentiment Indices both fell this week, with Current Steel Buyers’ Sentiment notching the lowest reading since May 2020.

US scrap prices fell on busheling and shredded in October, while HMS remained flat, market sources told SMU.

Mills are more willing to negotiate spot prices for both sheet and plate products, according to our latest market survey results.

Musings on decarb, tariffs, and technology, and where it might be leading.

Olympic Steel Inc. has appointed Larry N. Norred, Jr. to the role of general manager for its Buford (fabrication) and Winder (metal processing) operations in Georgia.

Nucor has left its consumer spot price for hot-rolled coil at $875 per short ton for the eighth straight week.

A recent IIMA meeting in Brazil shows how the US and much of the rest of the world are operating in parallel realities.

Renowned Nucor Chairman and CEO Ken Iverson would’ve turned 100 on Sept. 18 of this year.

The White House confirmed it stepped in to block the halting of steel processing at U.S. Steel’s Granite City Works in Illinois, according to media reports.

Barry Zekelman has reduced his company’s stake in Canadian steelmaker Algoma Steel.

Worthington Steel saw a strong first quarter to kick off its fiscal 2026 as both profits and sales notched increases.

Recycler BL Duke announced on Wednesday the launch of its new steel turnings containment building in Joliet, Ill.

Are you ready to share what you'd like to see happen with the USCMA agreement when it comes up for joint review?

Former United Steelworkers (USW) union International President Leo W. Gerard has died at the age of 78.

Algoma Steel is increasing its credit facility from USD$300 million to USD$375 million due to "market conditions."

A recap of the week in steel.