Algoma Steel Group Inc. CEO Michael Garcia will retire at the end of the year, the company said on Tuesday. Rajat Marwah, CFO of the Canadian flat-rolled steelmaker, will be appointed president on Nov. 1 and CEO on Jan. 1.
In dollar-per-ton terms, US product is on average $141/st less than landed import prices (inclusive of the 50% tariff). That’s down from $148/st last week.
Participants in the domestic steel plate market said the plate market never accepted mill-issued spot price increases.
The domestic scrap market will start to form as early as next week for November shipment, sources told SMU. Predictions as of now are neither very positive for an increase nor are they negative for a decrease.
Angelo “Ange” Borzillo has passed away at the age of 92. He leaves behind a legacy that will endure as long as the steel he helped develop: Galvalume sheet steel.
Executives framed the all-stock deal as a path to scale, efficiency, and long-term growth despite ongoing weakness in the metals market.
Cliffs said it successfully completed a defect-free trial production of exposed steel parts using aluminum-forming equipment in collaboration with an unnamed OEM,
Olympic Steel reported a decline in third-quarter earnings on Tuesday, as the company separately announced its merger with service center giant Ryerson.
SMU’s hot-rolled coil price increased for a third consecutive week. And the gains were more pronounced this time following a price hike initiated on Friday by NLMK USA.
Sheet steel indices increased across the board this week, while plate prices held steady. All five of SMU’s price indices are higher than they were two weeks ago, and all but one are above levels recorded four weeks ago.
National service center chains Ryerson Holding Corp. and Olympic Steel Corp. have announced a merger between the two companies.
President and CEO Eddie Lehner said Ryerson has faced market headwinds in the third quarter.
Nucor entered the fourth quarter with clear forward momentum: stronger-than-expected results, solid sheet and plate demand, and construction progress on a major new mill that should add capacity next year.
Participants on this month’s Heating Air-Conditioning & Refrigeration Distributors International (HARDI) Sheet Metal/Air Handling Council call expect galvanized steel base prices to firm up in the first quarter of 2026.
NEMO Industries CEO talks cost and reasoning behind a $3-billion pig iron project in Louisiana.
Nucor has pulled the plug on a planned rebar micro mill in the Pacific Northwest.
Domestic sheet market participants say recent spot price hikes from NLMK USA and Nucor will do little to shake-up stagnant market conditions. Price increases in the current market On Friday Oct. 24, NLMK customers learned that the producer’s hot- and cold-rolled prices increased $50 per short ton (st) and its coated products were $100/st higher. […]
Nucor’s profits more than doubled in the third quarter year over year, but the company expects Q4’25 to be lower sequentially.
Domestic mill production inched higher last week, according to the latest figures released by the American Iron and Steel Institute (AISI). Prior to the start of this month, raw output had remained historically strong since June.
Steel Dynamics has announced lower-embodied-carbon steel products BIOEDGE and EDGE, and expects “immediate interest” from several markets for some of the offerings.
Nucor has raised its weekly spot list price on hot-rolled coil by $10 per short ton (st) after keeping it unchanged since Aug. 25.
Atlas Tube, in a leading move, said it aims to increase prices for mechanical tubing, hollow structural sections (HSS), and piling products by at least $50 per short ton (st).
SMU digs into the vault to look back at an old survey, and to tell what exciting things are still to come.
US automakers could face production shutdowns in November because of potential supply disruptions at Dutch chipmaker Nexperia. Even a temporary shutdown, as carmakers scramble to procure chips, threatens to drive steel demand lower. Alliance for Automotive Innovation CEO John Bozzella underscored the severity of the situation. “If the shipment of automotive chips doesn’t resume — […]
It was only a matter of time before a shutdown happened. And, no, we aren’t talking about the federal government’s lapse in appropriations. On Oct. 9, Beijing announced a series of restrictions that will effectively shut down exports of rare earth elements, magnets, and certain downstream products vital to advanced manufacturing.
US President Donald Trump took to social media late Thursday night to announce he was canceling trade talks with Canada.
US buyers want to drop pig iron prices to levels commensurate with the decline in prime scrap in their domestic market. Prime price shed $20 per gross ton (gt) in September and another $20/gt in October.
NLMK USA plans to increase prices for hot-rolled and cold-rolled coil by at least $50 per short ton (st).
The move is effective immediately for all spot orders, the steelmaker said in a letter to customers on Friday.
GrafTech reported higher shipments and sales in the third quarter, but continued to lose money. It attributed the continued losses to persistent pricing pressure and global trade uncertainty.
Baker Hughes reported higher oil and gas drilling activity this week in both the US and Canada.