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Latest news
International Resources Holding may acquire Duferco trading division: Report
International Resources Holding (IRH) fund, an Emirate enterprise, is rumored to be discussing the purchase of Duferco International Trading Holding (DITH), according to the Swiss-based daily, La Regione.
Nucor increases HR spot price by $5/ton
Nucor increases HR spot price by $5/ton
Final Thoughts
Most steel buyers think that steel prices will continue to rise into the 2026. But they don’t see the kinds of big gains that have characterized past market upturns, according to the results of SMU’s latest steel market survey.
Leibowitz: Is the China truce real or a Band-Aid?
US President Donald Trump and Chinese President Xi Jinping on Thursday had a much-anticipated meeting. Is it only a hiatus in the trade war, or did it really change the situation? I suspect the former, I but hope for the latter.
Brazil pig iron market activity picks up
The pig iron market in Brazil saw some activity last week that could present some additional options to producers there, but at lower price levels.
Nucor targets ‘white hot’ data center boom
With infrastructure demand shifting toward digital capacity, Nucor Corp. is positioning itself as the go-to steel supplier for the data center boom.
Gerdau’s N. American earnings rise in Q3 due to fall in imports
Gerdau’s North American profits rose in the third quarter, boosted by a decline in imports due to Section 232 steel tariffs.
Monday: New SMU website and expected downtime
The Steel Market Update website will be temporarily unavailable on Monday, Nov. 3, from approximately 4:00–8:00 a.m. Eastern Time.
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