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Steel Market Update surveys thousands of steel executives every other week to deliver real-time flat-rolled insights, revealing on-the-ground perspectives.
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Latest news
CRU: Import volumes remain low, keeping supply tight in the USA
US domestic steel prices continued to increase for most products as demand remained resilient amid tight supply. Domestic sheet and plate prices increased over the past month, while long products prices were mostly stable, with only structural and merchant bar prices edging up higher.
ITC votes to move tin mill products trade case forward
The tin mill trade case brought by U.S. Steel and the United Steelworkers is moving forward after a key vote.
Tata Steel UK tariff carve-out to continue
Through a tariff carve-out, Tata Steel UK is able to send steel products melted in the Netherlands to the US at the UK’s reduced 25% Section 232 rate.
US and Canadian rig counts rise
The US and Canadian rig counts both increased this week, according to the latest data from Baker Hughes.
AMU: Automakers step back from EVs in favor of hybrids, gas-powered vehicles
Before the second Trump administration, many automakers were banking on an electrified future, supported by federal and state tax incentives for consumers. But many of those tax breaks are gone.
Global steel production eases 4% in April
The total volume of raw steel produced around the world fell 4% in April following the one-year high seen in March, per World Steel Association figures.
Holiday notice: Memorial Day
Steel Market Update will be closed in observance of Memorial Day on Monday, May 25.
Final Thoughts: Paying tribute
This long weekend, we pay tribute to the sacrifices of the men and women of the US armed forces.
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