Tag: trade

Aluminum prices have spent the past month pricing in a calmer Middle East, while developments in the Strait of Hormuz have suggested anything but.

Cold-rolled (CR) coil prices were unchanged in the US this week, while offshore prices varied, though mostly trended up.

Wire rod imports from Algeria face new countervailing duties (CVDs) in the US.

SMU’s average price for domestic HR was unchanged vs. last week. In offshore markets last week, while prices diverged, the dynamic between stateside and imported product varied little.

The investigation follows requests from US producers Nucor and Steel Dynamics.

Steel trade groups and unions in the US have weighed in on the USMCA review process, as the US announced it would not renew the trade pact in its current form.

Imports from Europe are at parity with domestic hot rolled, while Southeast Asian products remain at a considerable discount. The result comes because a stateside rally coincides with faltering offshore prices.

Barry Zekelman, executive chairman and CEO of Zekelman Industries, will be the featured guest on our next Community Chat on Wednesday, July 15, at 11 am ET.

North American steel buyers are navigating a market where demand is firming, but import activity remains cautious. Buyers reported mixed import activity in SMU’s June 26 flat-rolled steel buyers’ survey.

As all these initiatives unfold, one is left with the feeling that disruption of the global order is their primary purpose. As the old order is destroyed, it is time to think carefully about what will take its place.

Cold-rolled coil prices moved higher in the US this week, as offshore prices trended lower. Imports are, as a result, increasingly more competitive, even with the 50% Section 232 tariff.

SMU’s average price for domestic HR was $1,145 per short ton (st) this week, $15/st higher week over week (w/w). In offshore markets last week, prices moved down, largely maintaining a trend seen since late April.

SMA's Philip K. Bell writes about the upcoming USMCA joint review.

Cold-rolled (CR) coil prices ticked up in the US this week, as offshore prices mostly trended lower.

South Korea has overtaken Canada as the top foreign supplier of steel to the US market.

SMU’s average price for domestic HR was $1,130 per short ton (st) this week, $15/st higher week over week (w/w). In offshore markets last week, prices were largely down, following a trend seen since late April.

US steel exports improved 2% from March to April to the highest monthly volume seen in 13 months. Although up, trade remains historically low

SMU’s June 12 Flat-Rolled Steel Buyers’ Survey shows a divided steel community on the effects of President Trump’s tariff policies, emerging but uneven signs of reshoring, and near-universal cost pressures tied to the Iran conflict.

The Trump tariffs have driven the mundane world of traditional “trade remedies” off the front pages. But antidumping and countervailing duty measures are still with us, and new cases are on the upswing lately.

After reaching historic lows late last year, import volumes have increased each month of 2026, according to recently released US Commerce Department data.

The World Cup only comes around every four years. So let's take a walk down memory lane to see where the steel market stood four years ago.

A major trade case finalized late last year, along with higher Section 232 tariffs, account for the reduced imports.

The United States has repeatedly called for stronger action to protect North American manufacturing. Canadian steel agrees. We are ready to do the work necessary. Now Washington must remove the tariffs that stand in the way.

The Office of the US Trade Representative has proposed a Section 301 tariff carve-out for direct-reduced iron (DRI) and hot-briquetted iron (HBI) from Brazil while planning higher tariffs for other major suppliers.

The bulk deep-sea export market in the Atlantic Basin has not shown much movement lately. Buyers in Turkey have limited their activity in an attempt to bring prices down in both the US and Northern Europe. However, this does not seem to be working to a significant extent.

Two countries have ramped up slab exports to the US in the wake of declining tonnages from other major suppliers, despite overall slab imports falling by nearly a third from last year.

The next few months are poised to be momentous for US trade and tariff policy. Of note, the United States, Mexico, and Canada are beginning the six-year review of the US-Canada-Mexico Agreement (USMCA).

The Association of Cold Rolled Specialty Steel (ACRSS) officially responds to the formal investigation Mexico opened into cold-rolled steel imports from the US

Prime Minister Mark Carney asserted the Canadian and US governments should cooperate more closely on auto manufacturing, steel, critical minerals and aluminum.

The price gap between US hot-rolled coil (HR) and landed offshore product continues to narrow toward parity.