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.

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%.

Final Thoughts

We're about to hit 50% Section 232 steel tariffs. What could happen?

Canada claps back on Trump tariff news

Meanwhile, several US trade groups applauded the latest trade announcement.

AISI names four new board members

The American Iron and Steel Institute has tapped four members for its board.

Final Thoughts

A short tour of key dates in the Nippon/USS deal, and what the future might hold.

SunCoke buys Phoenix Global in deal for $325M

SunCoke Energy has purchased Phoenix Global, a metals and mining services company, for $325 million.

Washington considers stake in U.S. Steel as part of Nippon deal: Report

The US government could acquire a stake in U.S. Steel as part of Nippon Steel’s $14-billion deal for the Pittsburgh-based steelmaker, according to various media reports. The Trump administration sees Washington, D.C., acquiring a “golden share” as part of the deal, according to an article in Kyodo News on Tuesday. This would give the US […]

CFIUS panel returns mixed decision on Nippon/USS deal: Report

New developments emerge in the Nippon/USS CFIUS review.

Trump eyes 50% tariff on EU starting June 1

Trump threatens EU with 50% tariff starting June 1.

Final Thoughts

We're going to have to wait a bit longer for the final outcome of the Nippon/USS deal.

CFIUS completes Nippon/USS review, but outcome unknown: Report

The CFIUS report is in, but what it contains remains unknown.

Metallus names Westbrooks and Zaranec to new exec roles

Metallus shuffles the management deck with new appointments.

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.

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.