Shipbuilding is set to return to Sparrows Point, Md. President Trump and Secretary of War Pete Hegseth announced plans to develop a new shipbuilding facility at the site called Arsenal-2. The 2-million-square-foot facility sitting on an 187-acre site will manufacture critical components for the Virginia-class submarine.
SMU’s October ferrous scrap market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the Pricing and Analysis tab and look under the “survey results” section for Ferrous Scrap Survey results. Past scrap survey results are also available under that selection. If you need help accessing the survey results or if your company would like to have your voice heard in our future surveys
Welspun Tubular LLC, the US subsidiary of India’s Welspun Corp., has received an order to supply $412.5 million of high-frequency induction welded (HFIW) steel pipe.
Nucor said its consumer spot price for hot-rolled coil will be $1,220 per short ton (st) for the week of Sept. 28. That's a 10/st increase from a week earlier.
Farming equipment manufacturer John Deere announced it will call back more than 375 employees to work across its Quad Cities factory operations.
The phrase “Fortress North America” seems to resurface anytime US, Canada, and Mexico trade negotiations roll around. The idea of an economic Fortress North America burst onto the scene in the late 1980s and early 1990s in the lead up to NAFTA. In theory...
United Steelworkers (USW) International President Roxanne Brown urged US and Canadian trade representatives to reach an agreement that puts working families first. Her words come as trade talks between the two nations remain at an impasse, and escalating tensions have led to new tariffs on both sides. “This conflict is hurting jobs. It’s hurting facilities. It’s hurting communities. And it’s creating uncertainty for workers and families in both countries,” Brown said at a press event on Tuesday.
The latest Baker Hughes rig count figures show that oil and gas drilling increased in both the US and Canada through this week. Drilling is substantially higher than it was this time last year.
The Dodge Momentum Index (DMI) edged down in August from a downwardly revised July reading.
The August Business Conditions Report issued by the Precision Metalforming Association (PMA) found that North American sentiment improved markedly in August. “While metalformers expressed growing caution in July, this month’s survey reflects a notable improvement in sentiment,” said Mark Getsay, PMA’s managing director. “The increase in companies expecting stronger economic activity and higher order volumes is an encouraging sign.”
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.