Tag: Steel Mills (North America)

Australia's BlueScope Steel confirmed it has received a takeover bid from a two-party international consortium that includes Fort Wayne, Ind.-based Steel Dynamics Inc. (SDI).

Plans are in the works to save 500 steelworker jobs at Algoma Steel and to construct two new mills – a plate mill and a beam mill, according to various local media reports.

Nucor has promoted Stephen D. Laxton, currently CFO and EVP, to president and COO, effective Jan. 1.

Multiple steel mills revised their galvanized, galvannealed and/or aluminized coating extras higher this week.

ArcelorMittal sees green shoots in North America despite tepid demand.

Nucor entered the fourth quarter with clear forward momentum: stronger-than-expected results, solid sheet and plate demand, and construction progress on a major new mill that should add capacity next year.

Labor Day has passed, the sun is starting to set a little earlier each day, and cooler weather has begun to find its way down to many of us across North America. And you know what that means for the steel industry… Fall maintenance outages!

Higher prices are boosting the performance of Nucor’s steel mills segment in the current quarter, the company said on Wednesday.

US steel mills saw a decline in shipments from March to April.

Hyundai Motor Group is reportedly considering building a sheet steel mill just south of Baton Rouge, La.

Primetals Technologies will be replacing two electric-arc furnaces at a steel mill in the US with one more energy-efficient furnace.

A spill of liquid steel at a Grupo Simec facility in central Mexico has killed at least 12 workers.

Leading industry analysts on Monday discussed steel prices and how they will be impacted by trade policy, consolidation, mill discipline, November’s elections, and more.

Fall is coming in North America, and with it, steel mills' regularly scheduled fall maintenance outages.

The EU has approved Tokyo-based Nippon Steel Corp.’s (NSC’s) proposed buy of U.S. Steel, a report in Reuters on Monday said.

The latest SMU Community Chat webinar reply is now available on our website to all members. After logging in at steelmarketupdate.com, visit the community tab and look under the “previous webinars” section of the dropdown menu. All past Community Chat webinars are also available under that selection. If you need help accessing the webinar replay, or if your company […]

The United Steelworkers (USW) union has endorsed President Joe Biden for a second term in office.

Raw steel production in the US increased in the first week of 2024, according to the most recent data from AISI.

American steel mills sent out more tons of steel in October than the previous month, according to the latest monthly data from the American Iron and Steel Institute (AISI). Domestic mills shipped 7,346,373 net tons in October, up 1.3% from the 7,252,942 tons sent out in September. Shipments were also up 1.9% compared to the […]

September shipments from American steel mills decreased vs. shipments in August, according to the latest monthly data from the American Iron and Steel Institute (AISI).

The latest SMU Market Survey results are now available on our website to all Premium members.

As the ferrous scrap market in the US enters the home stretch for 2023, it faces an array of issues and uncertainties.

River Metals Recycling (RMR), a subsidiary of Nucor, has acquired all the Cincinnati-based assets of Garden Street Iron & Metal.

Specialty steel producer Grupo Simec has permanently closed down its Republic Steel mills in Canton, Ohio, and Lackawanna, in New York state, it has emerged.

The mill negotiation rate for all products SMU looks at fell this week, with hot rolled dropping 13 percentage points, according to our most recent survey data.

Esmark Steel Group has established Esmark Steel International, a business focused on supplying the Mexican industrial steel market.

Nucor was joined by Kentucky Gov. Andy Beshear for the steelmaker’s “grand opening” of its $1.7-billion Brandenburg plate manufacturing mill in the state.

Shipments from US steel mills ticked up in August vs. July and stayed level year over year, according to the latest monthly data from the American Iron and Steel Institute (AISI).

Steel Dynamics Inc. (SDI) said it expects third-quarter earnings to be lower than the previous quarter and also below the results posted a year earlier.

A wide-ranging discussion on the SMU Steel Summit 'Domestic Steel Panel: Investing for the Future' saw executives from leading steel companies debate the likelihood of passing on a surcharge to consumers for products with lower CO2 content.