Tag: US

The August Business Conditions Report issued by the Precision Metalforming Association (PMA) found that North American sentiment improved markedly in August.

Canada has moved to impose new tariffs on US goods, matching tariffs the US has imposed on it.

A trade deal between the US and Canada is reportedly pending that could halve Canada’s Section 232 steel and aluminum tariffs and see automobile tariffs lowered from 25% to 15%.

BlueScope’s North American operations posted a sharply stronger 2026 fiscal year, driven by wider spreads at North Star and steady gains across Buildings and Coated Products (BCP).

Ford Motor Co. announced it will reshore production of Lincoln-brand vehicles as part of its commitment to American manufacturing. The Dearborn, Mich.-based automaker said it will phase out the importation of vehicles from China for the US market and increase domestic Lincoln production starting in 2030.

The investment in St. Joe, Ind., will add capabilities to produce steel grating products. The Charlotte, N.C.-based steel company expects the investment to create 20 new full-time jobs. Those are in addition to the over 300 workers currently employed there.

Lindsay Goldberg, a private investment firm specializing in family-owned and founder-led businesses, will make a significant strategic investment in Alro Steel.

Russel Metals posted record quarterly revenues and shipments in the second quarter, boosted by strong market conditions and the integration of seven Kloeckner Metals Co. facilities.

Recent conversations with some hot-rolled coil spot market participants revealed spiking stress levels amidst a tightening supply of the steel sheet product.

Cleveland-Cliffs (Cliffs) and the United Steelworkers (USW) labor union plan to discuss capital expenditures (capex) as part of their ongoing master contract negotiations.

In recent conversations, some participants predict mill maintenance outages and scheduled updates will crimp an already constricted market.

Recent master contract negotiations between the United Steelworkers (USW) and U.S. Steel (USS) highlight workforce safety measures.

Ternium reported higher sales, profit, and shipments in the second quarter. Mexico remains the company’s strongest market even as US trade measures add uncertainty across North America.

SPS Companies has acquired Jemison Metals, a carbon flat-roll service center and fabricator headquartered in Birmingham, Ala., from Jemison Investment Company.

SunCoke Energy's second-quarter financial report showed strong sequential and year-over-year improvements.

The United Steelworkers (USW) informed members it continues bargaining with Cleveland-Cliffs about both the union's Training Committee and the Contracting Out Committee.

U.S. Steel has flagged job loss among its concerns with a proposal presented by the Gary Common Council in Indiana.

Algoma Steel narrowed its earnings loss by 13.2% in the second quarter as the company's electric-arc furnace (EAF) steelmaking ramped up further.

The US Court of International Trade (CIT) has ordered the Commerce Department to redo its final dumping determination for Mexico’s Galvasid SA de CV in the corrosion-resistant (CORE) steel investigation.

The total volume of raw steel produced by mills around the globe eased 2% in June, according to worldsteel.

The busy summer for US trade, which we wrote about previously, is heating up with new Section 301 forced labor duties of 10-12.5% imposed on 60 countries and new Section 338 duties of 50% announced on certain Canadian imports.

Sources across the hot-rolled coil spot market said it was somewhat easier to find spot HR, at moderately shorter lead times, and at stable prices in recent days. 

Reliance Inc said that US government industrial policies contributed to its second-quarter financial success.

Chinese steel maker Jingye insisted that the British government halt its takeover of longs producer British Steel.

Kenwal Steel has promoted Douglas A. Bredy to the newly created position of chief commercial officer (CCO).

Spot market absorbs price hikes amidst booming plate demand 

USW pushes back on preliminary contract updates amid USS negotiations.

Some hot-rolled coil market participants said they're optimistic that the market will remain strong throughout the rest of the year. 

Despite persistent pricing uncertainty, the Fed's latest Beige Book reported that the US economy continued to expand at a modest pace with labor market conditions improving.

Some domestic plate market sources expect spot price rises through the end of the year due to prolonged supply constraints.