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Latest news
SMU Price Ranges: Sheet prices tick (mostly) upward for yet another week
Flat-rolled steel prices inched higher again this week, continuing a trend that has characterized the market for most of this year. SMU’s hot-rolled (HR) coil price now stands at…
Steel Summit: Cox sees US auto demand ‘steady as she goes’
Vehicle affordability pressures are limiting growth in vehicle volumes, according to Mark Strand, deputy chief economist at Cox Automotive. SUVs, fleet activity, and aftermarket work could support steel demand, he told the audience last week at Steel Summit 2026 in Atlanta.
Steel Summit: Worthington Steel still seeking M&A opportunities post-Kloeckner
Worthington Steel remains focused on further acquisitions after the completion of its buy of service center group Kloeckner & Co.
ISM reports eighth month of expansion in manufacturing
The latest ISM Manufacturing PMI registered 54.6% in August, according to the Institute for Supply Management (ISM). The reading was just one percentage point lower than in July.
September scrap prices could land sideways, sources say
Ferrous scrap prices could be poised for a sideways move in September as supply and demand are seemingly in reasonable balance, sources told SMU.
Bull Moose Tube completes Hanna Steel buy
Bull Moose Tube Co. has completed its acquisition of Hanna Steel Corp., a producer of structural and mechanical steel tubing.
JSW Steel USA moves 45-day outage to Sept amid value-add push
The 45-day outage will now take place in September instead of August, as initially planned, JSW Steel CEO Robert Simon said.
AISI: Raw steel production slips to 5-month low
Domestic steel production declined last week to the lowest weekly measure recorded since March, according to recently published American Iron and Steel Institute (AISI) figures. Although down, production has been historically strong for most of this year. This year we have seen weekly production levels as high as 1,898,000 st in May (six-year high) and as low as 1,704,000 st in the first week of the year.
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