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Latest news
USW crafts bargaining agenda for upcoming contract talks
The United Steelworkers (USW) union said it’s currently crafting its bargaining agenda ahead of upcoming negotiations with Cleveland-Cliffs and U.S. Steel.
New York manufacturing activity growth slowed in June
Manufacturing activity in New York state increased modestly in June, easing after posting strong growth the month prior, according to the Empire State Manufacturing Survey.
Oil and gas drilling increases in US and Canada
Drilling activity ticked higher this week in both the US and Canada, according to recently released rig count figures from Baker Hughes.
Domestic, offshore HR prices continue to diverge
The price gap between US hot-rolled coil and landed offshore product narrowed further this week. Stateside prices are, on average, carrying a premium over imports.
Steel mills drive SDI’s earnings guidance upward
Steel Dynamics Inc. expects to post higher sequential earnings in the second quarter, with “meaningfully higher” profitability from its steel operations.
SMU Steel Demand Index moves higher
SMU’s Steel Demand Index ticked back up from late May, remaining in elevated territory, according to mid-June indicators.
Nucor guides to higher earnings in second quarter
Nucor expects higher earnings in the second quarter, both sequentially and year over year, and anticipates increased profits sequentially across all its operating segments. The steel mills segment is expected to see the biggest boost.
HRC vs. prime scrap spread hits mark not seen since 2022
The spread between domestic hot-rolled coil and prime scrap prices continued to widen in June, a trend that began in September.









