Contributor: Laura Miller

Oil and gas drilling activity in Canada picked up over the past week, while drilling in the US remained mostly steady.

A major trade case finalized late last year, along with higher Section 232 tariffs, account for the reduced imports.

The provisional pact comes 10 days after UAW Local 2093 members went on strike on June 1.

The Office of the US Trade Representative has proposed a Section 301 tariff carve-out for direct-reduced iron (DRI) and hot-briquetted iron (HBI) from Brazil while planning higher tariffs for other major suppliers.

Atlas Tube on Monday announced price increases for mechanical, HSS, and piling products.

Two countries have ramped up slab exports to the US in the wake of declining tonnages from other major suppliers, despite overall slab imports falling by nearly a third from last year.

Manufacturing picked up in nine of the twelve Federal Reserve districts in May. It was one of the strongest sectors in the Fed’s June 3 Beige Book report.

The forced-labor and Brazil 301 actions are aimed more at finished goods supply chains, not raw metals.

President Donald Trump issued a June 1 proclamation modifying Section 232 tariffs on steel, aluminum, and copper. He pointed to new Commerce Department recommendations and “recent circumstances” affecting US users of industrial and agricultural equipment.

US steel buyers report firmer domestic demand, but long lead times, rising freight costs, and geopolitical uncertainty continue to cause caution on imports.

Steel imports could become even more prohibitive, facing even higher tariffs, pending the outcome of the Trump administration’s Section 301 investigation.

The US and Canadian rig counts moved higher as oil and gas drilling picked up in the week ending May 29, according to the latest report from Baker Hughes.

The United Steelworkers confirmed the dates for the official start of contract negotiations with U.S. Steel.

Nucor announced on Tuesday, May 26, that its consumer spot price (CSP) for hot-rolled coil will be $1,095 per short ton for the week, up $5/st from last week.

The tin mill trade case brought by U.S. Steel and the United Steelworkers is moving forward after a key vote.

Through a tariff carve-out, Tata Steel UK is able to send steel products melted in the Netherlands to the US at the UK’s reduced 25% Section 232 rate.

Two Ontario-based steel importers and their president have agreed to pay $19 million to settle US allegations that they avoided customs duties on flat-rolled steel by falsely declaring its origin, the Department of Justice said.

General Motors will launch a new vehicle-assembly project at its Ramos Arizpe Complex as part of the automaker’s previously announced $1 billion investment to strengthen its operations in Mexico.

Architecture firm billings retreated modestly in April, with the American Institute of Architects (AIA) reporting another month below the growth threshold.

Trading-company sentiment in the May 15 SMU flat-rolled steel buyers survey shows a market split between anecdotal optimism and numerical decline.

The Commerce Department's International Trade Administration recently concluded several administrative reviews of the anti-dumping and countervailing duties (AD/CVDs) on various steel imports. The reviews resulted in the following duty adjustments.

Grupo Acerero SA de CV posted higher shipments and stronger profitability in the first quarter of 2026.

Global shipping volatility is tightening its grip on steel supply chains. And the risks are not easing; in fact, they’re escalating, according to Anton Posner, CEO of Mercury Resources.

The US rig count crept higher for a fourth week, while Canada's count held steady for a second, according to the latest data from Baker Hughes.

U.S. Steel delivered a mixed first quarter. Segment performances diverged sharply as winter weather, outage activity, and major capital projects weighed on results.

Chicago-based pipe and tube manufacturer Zekelman Industries has appointed Jason Nofziger as its vice president of supply chain, effective May 11.

FabArc Steel Supply announced it will be leasing a 60,000-square-foot fabrication facility on 29 acres in Decatur, Ala.

US mills' capability utilization hit 81.4% last week, up from 80.4% the week prior and from 76.6% a year ago.

Ternium expects steel demand in Mexico to keep improving through the second quarter as destocking fades and new industrial policies take hold.

CFO Martin Jurasek described the first quarter as a “positive inflection point” as strategic initiatives, including the recent Kloeckner acquisition, began to materially lift results.