
SMU Steel Summit 2025: Keeping you a step ahead
With the pace that news has been breaking lately, there will be no shortage of things to discuss.
With the pace that news has been breaking lately, there will be no shortage of things to discuss.
The increases are effective June 6.
New light vehicle sales slumped in May to 15.6 million as the buying rush faded from consumers signing ahead tariff increases.
All districts reported "hesitancy and a cautious approach to business and household decisions,” according to the Beige Book.
Meanwhile, several US trade groups applauded the latest trade announcement.
At a rally celebrating a “planned partnership” between U.S. Steel and Nippon Steel, President Trump announced higher tariffs on steel and aluminum imports into the United States, and revealed few more details on Nippon’s investment in USS’ operations.
Highlights from the week and things to keep an eye on.
“Unless the administration actually gets serious about levelling the playing field… for consumers of steel, then everything they've done on the steel side is useless."
Here are highlights of what’s happened and a few things to keep an eye on this upcoming week.
“It was a little more of a seller's market as contractors seemed to be protecting themselves against a potential run up in prices," one buyer said.
Commerce began a review of five producers/exporters: NLMK Verona; Officine Technosider; F.A.R. Fonderie Acciaierie; Ferriera Valsider and Metinvest Trametal.
The budget proposal has big implications for steel and manufacturing.
Quotas featured in the UK agreement may show up in future deals.
Nucor said it temporarily and proactively halted some production operations at various locations.
CRU Group revised down its forecast for North American auto production by about 800,000 to 14.7 million this year.
Ford Motor Co. started a planned outage early at its Chicago assembly plant due to a supply chain issue.
Here are highlights of what’s happened and a few things to keep an eye on this upcoming week.
The future of two projects supported in part by funding through the Department of Energy remains uncertain.
Meanwhile, its Canadian operations have been hurt by the broader tariffs proposed by the United States.
Maximo Vedoya was awarded in recognition of Ternium’s expansion project in Pesquería, Mexico, and Ternium’s efforts to decarbonize steelmaking.
Mercedes-Benz is planning to move production of a “core segment vehicle” to Tuscaloosa, Ala., by 2027.
With so much happening in the news cycle, we want to make it easier. Here are highlights of what’s happened and a few things to keep an eye on this upcoming week.
Ryerson's net loss shrinks in first quarter.
The steelmaker now expects the new steel slab mill in Pesquería will begin operations by Q4’26.
PMA’s April report shows that only 16% of surveyed manufacturers anticipate an increase in economic activity in the next three months (down from 23% in March)
The project will expand heat treat capacity at its Axis, Alabama plant
The facility at AMNS Calvert will be the first EAF in North America capable of supplying exposed automotive grades with domestically melted and poured material.
It's just the latest change for US trade policy
But profits slipped vs. last year.
The constant flow of information we all receive can be a bit overwhelming, but SMU is here to help with a weekly snapshot.