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.

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.

Commerce gives final CVD results on certain Korean CORE products

The US Commerce Department has provided the final results for the countervailing administrative review of certain corrosion-resistant steel products (CORE) from South Korea.

Final Thoughts

Let's see what SMU survey respondents are saying about Trump's tariffs.

Final Thoughts

The Tariff Town amusement park ride shows no signs of slowing down.

HRC vs. prime spread narrows further in May

The price spread between hot-rolled coil (HRC) and prime scrap narrowed again in May, according to SMU’s most recent pricing data.

Pa. state senator eyes legislation to incentivize steelmaking

A Pennsylvania state senator plans to submit legislation to incentivize steelmaking in the state.

SMU Scrap Survey: Current, Future Sentiment Indices log declines

However, in a month plagued by tariff and economic uncertainty, both current and near-term outlooks for our scrap survey respondents remained surprisingly optimistic.

US scrap tags tumble in May, bottom near?

Domestic scrap prices tumbled across the board in May, but will June prove a bottom for the market?

US, UK reach trade deal that includes Section 232 'alternative'

The US and UK governments have announced a trade deal in which an “alternative” to the Section 232 steel and aluminum tariffs will be provided.