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Latest news
Final Thoughts: SAFE and supply chains
I attended the SAFE Summit in Washington, D.C., earlier this week. It was an out-of-this world event – and I mean that quite literally. There were serious discussions around building data centers in space.
SMU Survey: Sheet and plate lead times hold at elevated levels
Steel mill lead times continue to hold at or near multi-year highs for both sheet and plate products, territory they have been in two months.
ArcelorMittal reports Q1 sales supported by higher prices in North America
ArcelorMittal’s North American operations posted higher sales results sequentially and year over year (y/y) in its Q1 earnings report.
The North American segment of the Luxembourg-based steelmaker reported 8.3% higher sales in Q1’26 compared with the previous quarter. The steelmaker credits higher average selling prices, up 3.5% from Q4, and a jump in steel shipments, up 5.2%.
Mexico signs steel-industry pact to boost domestic production
Mexico’s federal government and the country’s national steel chamber, Canacero, signed a new Agreement for the Promotion of the Mexican Steel Industry. This positions the steel sector as a core pillar of the national Plan Mexico industrial strategy.
SMU Survey: Mills hold grip on prices, buyers say
This week we saw low negotiation rates across all products, though coated products are the most negotiable and plate products are the least.
USW, U.S. Steel contract talks to start later this summer
Negotiations between the United Steelworkers (USW) union and U.S. Steel will not begin early, according to a text message to union members obtained by SMU.
Coalition of steel groups urge China kept out of US auto mart
A broad coalition of steel groups have written a letter urging the US government not to allow China access to the domestic auto market.
Chicago Business Barometer reports slowing growth in April
The Chicago Business Barometer eased for a second consecutive month in April. The 3.6-point slip to 49.2 for the month represents a fall back into contractionary territory.
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