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Latest news
Final Thoughts
This is the final Final Thoughts of 2025. In fact, let’s throw in the final Final Thoughts of the first half of the 2020s. End of year. Mid-decade. What does it all mean?
Pause on 5 windfarm leases could threaten steel plate demand
Demand for heavy steel plate used in offshore wind farms faces renewed uncertainty after President Trump paused leases for five offshore wind projects.
USW rejects second proposed contract with Metallus
Members of the United Steelworkers (USW) Local 1123 labor union voted against ratifying a second proposed deal with Metallus on Dec. 18.
Holiday Notice: Merry Christmas and Happy New Year!
Steel Market Update offices will be closed Wednesday, Dec. 24, through Friday, Jan. 2, for the Christmas and New Year holidays.
Rig count update: US activity increases, Canada plunges
The number of oil and gas rigs operating in the US ticked higher this week, while Canadian activity tumbled, according to the latest data released from Baker Hughes.
Global steel production falls to near two-year low in November
The total amount of raw steel produced around the world slipped 3% from October to an estimated 140.1 million metric tons (mt) in November, according to World Steel Association (worldsteel) data. This marks the lowest monthly production rate since December 2023.
Nucor Plate Group adds $40/ton to plate prices
Nucor Plate Group notified customers it was aiming to increase all plate product prices by $40 per short ton (st).
AISI: Weekly raw steel mill output ticks lower
Domestic raw steel production edged lower last week, according to the latest data released by the American Iron and Steel Institute (AISI).
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