
Final Thoughts
Are we on the cusp of sorting out the tariff situation, or is this merely another round in the bout?
Are we on the cusp of sorting out the tariff situation, or is this merely another round in the bout?
Sheet and plate prices slipped this week on so-so demand, sideways scrap prices, and chatter that certain mills were making unsolicited calls looking for tons.
Following one of the lowest levels seen in more than two years, US steel imports rebounded from April to May. However, trade remains low relative to recent years. Preliminary license data suggests another fall in June.
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.
The US ferrous scrap market settled sideways in July.
Industry veteran and longtime steel advocate Thomas A. Danjczek announced he will “finally fully retire” as senior advisor of Headwall Partners.
CRU analysts Thais Terzian and Frank Nikolic will be the featured guests on the next SMU Community Chat on Wednesday, July 9, at 11 am ET.
US Treasury Secretary Scott Bessent told reporters that tariffs for Vietnamese imports to the US are 20% and “specific industries” have trade protections under the Section 232 tariffs.
Domestic steel mill output inched higher last week, according to the American Iron and Steel Institute (AISI). Raw production remains historically strong and has been growing steadily since April.
Nucor is keeping its list price for spot hot-rolled coil unchanged after last week’s shortened holiday week.
I’m not sure how many different ways I can write that it’s been a quiet market ahead of Independence Day.
There are variations on that theme. I’ve heard everything from the ominous “eerily quiet” to “getting better” and even the occasional “blissfully unaware” (because I’m enjoying my vacation).
We can interpret that managed money still has expectations of price strength while physical participants are running closer to a balance on a net basis.
It will be a shorter week as the United States celebrates Independence Day on Friday. But we won’t leave you high and dry.
US mills shipped slightly less steel in May than in April, according to the latest figures from the American Iron and Steel Institute (AISI).
Steel trade groups praised the passage of the Big Beautiful Bill (BBB) in Congress on Thursday.
The United Steelworkers (USW) labor union celebrated recent news of the signed agreement between Atlas Holdings and Evraz NA in which the Connecticut-based private equity company said it plans to acquire North America’s Evraz facilities.
The rig count declined for the 10th consecutive week in the US, while Canadian count rose for the fifth straight week, according to Baker Hughes.
Triple-S Steel Holdings has closed on its previously announced acquisition of American Stainless Tubing.
CEO Lourenco Goncalves, flanked by state leaders and union reps, touted the project as proof that US manufacturing is not only alive, but also advancing.
Following the onset of the war in Ukraine in March 2022, concerns about import availability and expectations of rising demand from President Biden’s Infrastructure Bill pushed US rebar prices to record highs. In response, a flurry of new mills and capacity expansions were announced to meet the rise in demand from growth in the construction […]
David Schollaert presents this week’s analysis of hot-rolled coil prices, foreign vs. domestic.
Steel buyers this week are lamenting weak demand, cautious buying, and So. Much. Uncertainty. I’m no doctor, but I suggest a dual diagnosis of extreme tariff fatigue and early-onset summer doldrums.
Steel sheet buyers report feeling bogged down by the ongoing stresses of stagnant demand, news fatigue, tariff negotiations or implementation timelines, and persistent macroeconomic uncertainty.
A look at SMU data for the month of June.
GSCC certifies eight products from Steel Dynamics and Arkansas Steel Associates.
Ferrous scrap export activity has picked up steam.
CDC Atlantic already houses 13 die-casting machines (ranging from 900 to 1,600 tons), three on-site furnaces, and shot blasting capabilities.
What’s going to be the next big thing in steel?
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.
The Steel Manufacturers Association and the American Iron and Steel Institute applauded the tax provisions included in the Senate’s tax and budget reconciliation bill.