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Latest news
Nucor hikes spot HR price by $10/ton
Nucor said on Monday, Aug. 24, that its CSP for hot-rolled coil will be $1,180 per short ton (st) for the week, a $10/st increase from a week earlier.
Price: A whirlwind year for trade sets up a consequential Steel Summit
The SMU Steel Summit kicks off on Monday in Atlanta, and we could spend the entire time just discussing trade developments since the last Summit.
USW: USS, union ‘far apart’ on key issues ahead of Sept. 1 deadline
The United Steelworkers (USW) union remains “far apart” from U.S. Steel on issues that matter most to its members. Those top issues are health care, wages, retirement, and commitments to invest in union-represented facilities.
US-Canada trade talks collapse
Trade talks between the US and Canada collapsed late on Friday, just hours after media reports that an accord was near.
USW, Cliffs contract talks continue ahead of Sept. 1 deadline
The United Steelworker (USW) said on Friday that work continues with Cleveland-Cliffs at both the local and master bargaining tables.
US hot band prices increase, import gap varies little
SMU’s average price for domestic hot rolled (HR) rose to $1,195 per short ton (st) week on week (w/w). In offshore markets, prices saw a more controlled rise.
SMU Survey: Steel buyers remain highly optimistic
Steel buyers remained strongly confident in their companies’ prospects today and in the coming months, according to SMU’s latest market survey. Both of our Steel Buyers’ Sentiment Indices are holding near multi-year highs and have been historically strong for several months.
Export scrap market holds steady
The export markets on both coasts have not changed very much over this last week.
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