Contributor: Kristen DiLandro

Cleveland-Cliffs plans to deploy Palantir’s advanced AI technologies across its commercial and operations internal processes.  

Recent conversations with plate market participants across the US revealed a wide range of experiences contingent on a variety of factors.  

Sheet market participants reported steady to elevated demand over the past week. But while spot prices continued to edge up, some sources said lead times were becoming more closely aligned to industry norms.

The Canadian International Trade Tribunal (CITT) determined oil country tubular goods (OCTG) sold by Tenaris S.A. and certain exporters from South Korea, Turkey, and the Philippines are subject to antidumping tariffs.  

Dozens of Canadian United Steelworkers (USW) labor union members lobbied federal politicians on Thursday, April 23 in Ottawa.

The economic outlook by metalforming manufacturers remains steady for the next three months, said the Precision Metalforming Association (PMA). 

According to the latest findings from SMU’s survey, more respondents answered that President Trump’s tariff policies have been helpful to their businesses than in the prior survey. 

Revelar Capital's portfolio firm, Steele Solutions, plans to accelerate the pace of operational growth at newly acquired Maysteel Industries.

Varsteel Ltd said acquiring Pacifica Steel’s structural steel division supports its geographic expansion strategy. 

Factors like fluctuating demand, import availability, domestic product lead times, fuel surcharges, and end-user consumption left plate sources feeling unsettled.  

Participants in the hot- and cold-rolled coils market are optimistic about the market's health.

Thyssenkrupp Materials Services announced its majority stake acquisition of Aceroteca Trading, S.A.P.I. de C.V. in Santa Catarina, Nuevo León, Mexico.  

Participants in the galvanized steel market remain encouraged by strengthening product prices, even as increases unfold at a subdued pace.  

Sheet market participants said they expect hot-rolled coil prices to continue to rise. A Midwest service center source said some mills are not taking spot orders. And even on the contract side, certain mills are “keeping customers at the ‘middle’ of their contract buys to help get lead-times back into shape,” he said. That’s a […]

Plate market participants we spoke to this week offered a long list of concerns: escalating fuel and freight expenses, consolidated sources of end-market demand, tariff-related complications, as well as long lead times and delivery delays from US mills. The cherry on top? An ever shrinking availability of spot tons from domestic mills.

Canada's Algoma Steel and Roshel Inc. have partnered to form Roshel Algoma Defence (RADS), a sovereign ballistic steel solutions joint venture.

Iron ore shipments on the Great Lakes in March were down 23.5% from a year earlier, according to the latest report by Lake Carriers’ Association.  

The American Iron and Steel Institute (AISI) reported a 2.5% decrease in domestic steel shipments for February compared to January. However, shipments are up 5.1% in 2026 from the same month in 2025. 

Baker Hughes’ latest report for the week ended April 2 showed the US added five rigs while Canada's count decreased by 11.

Spot market participants worry that limited availability for certain grades of domestically produced plate will extend lead times even further.  

US manufacturing activity grew for the third straight month in March, according to the latest report from the Institute for Supply Management (ISM). March marked the 17th month of overall economic expansion. 

Beginning April 1, Koji Sakatani will lead Primetals Technologies as its CEO, simultaneously acting as its interim global CFO.

The layoffs at Algoma Steel’s integrated facility went into effect today. Going forward, it will use the electric arc furnace (EAF) for producing its steel.

Plate market sources say the week has been quiet, but that overall, business remains consistent.

As spot prices for hot- and cold-rolled coils edge higher, mill capacity utilization rates hover below 80%, raising concern among some market participants.  

The UK will reduce steel import quotas and raise outside caps to 50%.

The Canadian government has placed limits on salaries, bonuses, and other forms of compensation for top executives at Algoma Steel, according to a local media report.

This week sources said spot prices on hot-rolled coils increased modestly. 

Domestic plate market participants expressed confidence in the overall improvement of market conditions this week.  

Nucor Plate Group notified customers it is increasing prices on all rolled products by $40 per short ton (st) and $60/st on all heat treat products.