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Final Thoughts
The US steel market has gotten off to a fast start. Prices are up as lead times extend. And the news is coming in hot too.
SMU Survey: Lead times extend across the board
Steel mill lead times increased for both sheet and plate products this week, according to responses from SMU’s latest market survey.
CMC swings to profit on firm North American market
CMC’s earnings jumped in the company’s first fiscal quarter of 2026 on strong market conditions in North America.
Market participants eager to see HR orders roll in
Sources in the domestic hot-rolled sheet market say they are standing by for an uptick in customer demand. These service center market participants, located in various regions of the US, expect to handle an influx of customer orders this month.
January scrap market partially settles up $20-30
The formation of the domestic scrap market for January shipments is underway and only partially settled as of this article’s publication. The main point of contention is the price of #1 busheling and bundles.
AZZ sets record sales as galvanizing demand surges
AZZ Inc. posted record sales in its fiscal third quarter, driven by strong hot-dip galvanizing and coil coating demand tied to infrastructure, energy transition, and data center construction.
SMU Survey: Mills hold firm on price to start 2026
Mill spot price negotiation rates have tumbled across all products SMU tracks, according to our latest survey data.
Louisiana procures land for Hyundai’s EAF facility
The state of Louisiana has purchased 1,700 acres along the Mississippi River from Germania Plantation Inc. for $91 million for Hyundai Steel’s proposed EAF operation.
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