Trade Cases
Track active steel trade cases, including antidumping, countervailing duties, and TRQs, with key dates and statuses.
Trade Data
SMU brings you that latest numbers on everything from trade case results to steel import and export volumes. You also won’t want to miss our analysis of apparent steel supply
Imports History
Monitor monthly US steel imports with product-level historical detail on popular flat-rolled, plate, and long products.
Exports History
Explore US steel export data with historical comparisons across relevant sheet and plate steel products.
Apparent Steel Supply
A monthly indicator of US market balance and availability, based on mill shipments, imports, and exports.
Latest news
US scrap prices strengthen from initial October levels
Earlier this week, several steelmakers entered the market with prices for shredded, plate and structural (P&S), and heavy melting steel (HMS) up $20 per gross ton (gt) from September. Prices on prime grades were initially missing but were then reported as up only $10. This occurred in select regions, mainly in the northern tier. As the week went on, expectations were that the rest of the market would follow suit. But this has not been the case.
Shipbuilding to return to Sparrows Point
Shipbuilding is set to return to Sparrows Point, Md. President Trump and Secretary of War Pete Hegseth announced plans to develop a new shipbuilding facility at the site called Arsenal-2. The 2-million-square-foot facility sitting on an 187-acre site will manufacture critical components for the Virginia-class submarine.
SMU scrap market survey results now available
SMU’s October ferrous scrap market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the Pricing and Analysis tab and look under the “survey results” section for Ferrous Scrap Survey results. Past scrap survey results are also available under that selection. If you need help accessing the survey results or if your company would like to have your voice heard in our future surveys
Commerce amends duties on Korean HR
The Department of Commerce is adjusting the countervailing duties (CVDs) on imports of hot-rolled steel flat products from two South Korean producers. The agency released the final results of its administrative review for calendar year 2023, finding a lower rate for Hyundai but a higher rate for POSCO.
Drilling activity recovers in the US, increases again in Canada
The latest tally of active drilling rigs rebounded in the US and moved higher in Canada this week, according to oil and gas rig count data published by Baker Hughes. The US rig count rose by five to 603 rigs this week, reaching a 17-month high. Compared to this time last year, there are 56 more rigs in operation today.
Trump trade advisor criticizes South Korean steel practices
President Trump’s senior counsel for trade and manufacturing, Peter Navarro, has criticized South Korea for subsidized and transshipped steel. “South Korea is inundating the U.S. with highly subsidized steel and steel transshipped from China,” Navarro wrote in a post on X. “We are cracking down.” In comments to C-SPAN, Navarro pointed to the White House’s recent report, the Great Transshipment Scam.
Final Thoughts: No contract tons for you!
If you’re a Seinfeld fan, you probably remember the classic episode about “The Soup Nazi.” I think there might be some parallels between that clip and the tone of 2027 contract negotiations between domestic mills and steel buyers.
US steel imports reach 15-month high in August, rise further in September
Steel imports into the US crept higher in August and continued climbing in September, according to the Department of Commerce’s latest import license data. August imports rose 3.4% from July to a 15-month high. September license data collected through Oct. 5 shows another 6.2% month-on-month increase. Imports continue to recover from some of the lowest levels since 2020, seen late last year through February this year.
The SMU Community
Connect with our unique, collaborative network of industry experts to forge new connections and drive your business forward
Smarter steel decisions start here
Get ahead of the curve with our actionable insights, in‑depth news, and exclusive market data. Choose from a range of subscription options and group sizes to find what fits your business best
Aluminum Market Update
AMU brings expert perspectives, proprietary data, and news analysis to businesses across the aluminum and nonferrous scrap markets
Connect your brand to our Community
Discover how SMU can help you promote your products, services, or company. Consider advertising in our publications or sponsoring and exhibiting at our events and webinars