Contributor: Ethan Bernard

SMU's Current Steel Buyers' Sentiment Index inched up this week while the Future Sentiment Index edged down, according to our latest market survey.  

SMU will be taking time off in observance of Labor Day.

Unifor members voted to ratify a three-year labor contract with General Motors in Canada as the Canadian union separately began talks with Stellantis.

Algoma Steel has restarted electric-arc furnace (EAF) production in Sault Ste. Marie, Ontario, after a turbine failure at its Lake Superior Power (LSP) plant.

FabArc Steel Supply has provided 3,374 tons of steel to a large solar project in Rockdale, Texas. The Oxford, Ala.-based steel subcontractor supplied the material for G2_Austin Solar Cell Fab, a solar cell operation in Rockdale, northeast of Austin. The project is owned by energy solutions provider T1 Energy Inc., and the first phase represents a $400 to $425 million investment. It’s expected to create up to 1,800 manufacturing jobs in Milam County, Texas.

Worthington Steel remains focused on further acquisitions after the completion of its buy of service center group Kloeckner & Co.

Bull Moose Tube Co. has completed its acquisition of Hanna Steel Corp., a producer of structural and mechanical steel tubing.

Panelists on the trade panel at SMU Steel Summit 2026 reflect on issues affecting the industry.

Leading steel analysts gave their forecasts for 2027 pricing and market dynamics at Steel Summit 2026.

Algoma Steel’s Piyush Shukla has been named the 2026 SMU NexGen Leadership Award winner.

NEMO Industries CEO Daniel Liss sits down with SMU to discuss all the new developments on the company's Louisiana pig iron project.

The Canadian Steel Producers Association (CSPA) has voiced its concern over the latest US tariffs on the country and the lack of a trade deal.

The United Steelworker (USW) said on Friday that work continues with Cleveland-Cliffs at both the local and master bargaining tables.

Cleveland-Cliffs said the US Department of Energy has established a framework for Cliffs to finalize negotiations and implementation plans for its Middletown Works investment. The framework rescopes the previously awarded $500 million DOE grant.

More than 1,200 workers at National Steel Car in Hamilton, Ontario, went on strike last week following the rejection of a contract offer, according to a report by CBC News on Aug. 13.

Canadian union Unifor has flagged that automaker Stellantis is considering closing and selling its Brampton Assembly Plant in Ontario.

Nucor said on Monday, Aug. 17, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,170 per short ton (st) for the week, a $10/st increase from a week earlier.

The spread between hot-rolled (HR) and galvanized coil has widened over the last month. As of Tuesday, Aug. 11, the gap stood at $230 per short ton (st), up $30 from $200/st on July 14 and a $10 increase from the prior week’s $220/st. On Aug. 12, 2025, the spread was $145/st.

The US Commerce Department is seeking additional comments on 14 derivative items for possible Section 232 duties.

The spread between domestic hot-rolled coil and prime scrap prices widened again in August, a trend that began nearly a year ago.

NEMO Industries has chosen Tenova as the technology provider for its planned direct-reduced iron (DRI) ENERGIRON plant in Louisiana.

SMU’s scrap prices remained largely flat to down in August as demand remains steady.

A sampling of responses and slides from our most recent ferrous scrap market survey.

The United Steelworkers’ (USW) president released a video on Monday touting the union’s commitment to getting a good contract for its workers in the current negotiations.

ArcelorMittal executives said they are eyeing a potential second EAF at the company’s Calvert, Ala., operations.

Algoma’s CEO touted the company’s plate production and its focus on the Canadian market.

Ryerson's profits skyrocketed in the second quarter as company executives touted the initial results following the integration of Olympic Steel.

Privately owned service center group Triple-S Steel has announced its acquisition of Camden Yards Steel Co., effective July 21.

Nucor's earnings nearly doubled in the second quarter on the back of higher prices and shipments in its steel mills segment.

The US government has requested that Mexico impose tariffs similar to Section 232 on steel and aluminum imports from outside North America, according to a report in Bloomberg on Sunday.