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Latest news
SMU’s June scrap prices land flat
Ferrous scrap prices for June came in sideways, scrap sources told SMU.
Final Thoughts: Q4 peak or strong into 2027 (and beyond)?
SMU released May service center inventories on Monday. And if you’re a premium subscriber, I recommend reading the report (here) if you haven’t already.
SMU Price Ranges: Sheet climbs further, plate stabilizes
SMU’s sheet price indices increased further this week, while plate held steady, all at multi-year highs.
Apparent steel supply edges lower in April on reduced mill shipments
Apparent steel supply eased from March to April on reduced mill shipments per recent Department of Commerce and American Iron and Steel Institute (AISI) data.
July ferrous scrap market looking even with June
The scrap market seems firm as we go into the midsummer month of July without too many changes from June.
Bull Moose Tube agrees to acquire Hanna Steel
Bull Moose Tube Co. and Hanna Steel Corp. have reached an acquisition agreement, which will expand Bull Moose’s manufacturing footprint and add new tubing, coating, and logistics capabilities.
Midrex to supply Big River Steel’s DRI/HBI plant
U.S. Steel has selected Charlotte, N.C.-based Midrex Technologies to supply the direct-reduced iron (DRI) plant to its Big River Steel Works in Osceola, Ark.
Nucor Plate Group keeps fuel surcharge unchanged for July
Nucor Plate Group will maintain its previously announced fuel surcharge of $10 per short ton for next month, effective on all shipments beginning July 1.
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