US hot-rolled coil prices are set to rise year on year in 2026, but the market will face heightened volatility as import flows recover and new domestic capacity comes online, CRU Research Principal Josh Spoores said at this year's Tampa Steel Conference.
SMU sits down with JSW Steel USA CEO Rob Simon.
Steelforce Packaging restructured its North American operations into an entity it now calls Steelforce America. Brion S. Talley will lead Steelforce America as its CEO.
SMU’s Steel Demand Index slipped from earlier in the month, but remains above expansion territory, according to late-February indicators.
The latest 10% tariff is expected to be enacted over the next several days using Section 122.
Waiting for possibly more changes to tariffs.
The galvanized steel market is navigating price increases and longer lead times with a surer footing than in prior months.
Emissions rules, production limits and material substitution are reshaping steel and aluminum use in North American vehicles.
Once wintery weather gives way to sunnier spring conditions, plate sources foresee the market accepting the $50-60 per short ton spot price increases issued by Nucor Plate Group, Oregon Steel Mills, and SSAB.
The US House of Representatives voted on a resolution on Wednesday, Feb. 11, to disapprove of President Trump's national emergency declaration that led to the imposition of tariffs on Canada.
Nucor on Friday announced plans to increase plate prices by $50 per short ton (st).
Plate production for the construction of the Polar Max Icebreaker is underway at Algoma’s Sault Ste. Marie facility in Ontario.
US rebar and wire rod prices rose month on month (m/m) alongside continued scrap increases, while merchant bar and structurals were unchanged.
Sheet market participants said conditions this week were more stable than in past weeks, but they remain cautiously optimistic overall.
U.S. Steel plans to restart Battery #13 at its Clairton Coke Works on Feb. 5. Battery #13 was one of the batteries hot idled since a lethal explosion at Clairton on Aug. 11, 2025.
Flat-rolled steel prices inched upward again this week as mixed demand appeared to be offset by limited supplies.
This news item was first published by CRU. To learn about CRU’s global commodities research and analysis services, visit www.crugroup.com. Canada’s Algoma Steel signed a binding Memorandum of Understanding (MoU) with Hanwha Ocean to support Canada’s submarine program and Algoma’s diversification strategy. A new structural steel beam mill may result. Financial support, subject to conditions being […]
At SMU, we ask the big questions: To be or not to be? Hot band at a grand? On the one hand, whether hot-rolled coil price can or can’t go above $1,000 per short (st) is a silly argument. It’s just a number. On the other hand, round numbers are something that we tend to fixate on. They can be psychologically important to a market – even if they shouldn’t be.
Alton Steel Inc. (ASI), a special bar quality (SBQ) steel producer, said it will close operations later this week.
A report on the sheet market this week.
Metallus and the United Steelworkers (USW) have agreed to another tentative four-year contract, the specialty metal producer announced.
Cleveland-Cliffs' shuttered tin mill in Weirton, W.Va., caught fire on Saturday as a crew worked to recover scrap metal ahead of the plant's demolition, according to a local news reports.
The Bureau of Land Management (BLM) has provided Warrior Met Coal official permits for expanding its Tuscaloosa, Ala.-based mining projects.
Though they’re hopeful, domestic sheet market sources didn’t share a bullish outlook on the market this week.
SMU’s January ferrous scrap market survey results are now available on our website to all premium members.
This CRU Insight provides details on the decline of Venezuela’s steel, DRI, and iron ore industries, which highlights the potential scope of recovery with the right policy agenda and support.
The Current SMU Steel Buyers’ Sentiment Index has rebounded from our previous market check in December. However, Future Buyers’ Sentiment has edged down, according to our latest survey data.
The number of oil and gas rigs operating in the US fell this week, while Canadian activity surged, according to the latest data released from Baker Hughes.
Sources in the domestic hot-rolled sheet market say they are standing by for an uptick in customer demand. These service center market participants, located in various regions of the US, expect to handle an influx of customer orders this month.
The state of Louisiana has purchased 1,700 acres along the Mississippi River from Germania Plantation Inc. for $91 million for Hyundai Steel's proposed EAF operation.