Gerdau reported stronger results from its North American operations in the second quarter, with EBITDA up 15% from the prior quarter on firm demand and high asset utilization.
The US Department of Commerce has set final duties in the trade case investigating rebar imports from Vietnam, Egypt, and Bulgaria.
Chinese steel maker Jingye insisted that the British government halt its takeover of longs producer British Steel.
Orion Steel has appointed Todd Ptacek as its new president.
Rocky Mountain Steel Mills said that Union Pacific Railroad received the first stick of rail from the steelmaker’s new long rail mill in Pueblo, Colo.
Wire rod imports from Algeria face new countervailing duties (CVDs) in the US.
Rebar imports from Algeria are now subject to stiff countervailing duties (CVDs).
CMC’s profits more than doubled in its fiscal third quarter.
Grupo Acerero SA de CV posted higher shipments and stronger profitability in the first quarter of 2026.
Long products from Algeria are facing the wrath of the US legal system.
Gerdau’s North American operations reported increased profits in the first quarter on higher prices and shipments.
Rocky Mountain Steel Mills has signed a new seven-year contract with Union Pacific Railroad for the domestic production of steel rails.
A coalition of US wire rod producers has filed a petition seeking countervailing duties on carbon and alloy steel wire rod from Algeria.
CMC’s fiscal second-quarter earnings more than doubled on strong underlying market conditions across all its segments.
Steel imports remained close to multi-year lows in January and February, according to US Commerce Department data released this week.
Chinese steel export prices and Turkish longs export prices increased this week due to higher energy and raw material costs. In India, HR coil exports remained paused amid the Middle East crisis.
The main impact on the ferrous value chain from the Middle East conflict will be the higher energy costs in a prolonged scenario.
Gerdau’s North American operations closed the fourth quarter of 2025 with another solid performance, according to its parent company’s most recent financial report. Supporting the steelmaker are resilient demand in key end-use markets and a continued rebalancing of domestic supply and imports.
Steel imports slowed further in December and January to some of the lowest volumes recorded in recent years.
Steel imports remain weak in November and December according to recently released final US Commerce Department data. Many of the sheet and plate products we follow slipped to multi-year lows.
Lower finished steel imports continued to support US domestic prices this month. HR coil prices are up more than $40 per metric ton (mt) month-on-month (m/m) due to higher seasonal demand in January and tightening domestic supply.
According to recently released final US Commerce Department data, US steel imports rebounded 11% month on month (m/m) in October 2025 after falling to a multi-year low one month earlier. The latest license figures suggest imports eased back by 3% in November and by another 2% in December, with trade again nearing historical lows.
CMC’s earnings jumped in the company's first fiscal quarter of 2026 on strong market conditions in North America.
According to recently finalized US Commerce Department data, US steel imports tumbled to a near five-year low in September
US longs prices diverged in early December, with rebar and structurals prices rising on data center demand while wire rod remained flat, as domestic mills balanced the market. Import volumes, in November, declined sharply across all longs.
US steel imports declined considerably in September and October, with trade falling to reduced levels not seen in nearly five years.
Republic Steel’s shuttered facilities in Lorain, Ohio, could find new life as international steelmakers, citing US tariffs, explore restarting operations there.
Gerdau’s North American profits rose in the third quarter, boosted by a decline in imports due to Section 232 steel tariffs.
Nucor has pulled the plug on a planned rebar micro mill in the Pacific Northwest.
CMC reported higher net earnings in its fiscal fourth quarter on "better market conditions" across its segments.