Tag: US

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.

Oregon Steel Mills is attempting to push spot plate prices up by at least $60 per short ton.

Some domestic hot-rolled coil market participants say they expect prices for hot-rolled coils to remain stable through the end of 2026.  The market participants predicted that mills would hold spot prices and incrementally tighten lead times. Continuing, that they’ll find imported product arrivals, experience seasonal demand dips and all conditions will culminate in stable prices throughout the summer.   Asked […]

Toyota Motor North America plans to invest $3.6 billion to expand its San Antonio manufacturing campus.

Iron ore shipments on the Great Lakes picked up in June, and year-to-date shipments show improvement over last year.

SMU’s June 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 […]

The American Iron and Steel Institute (AISI) reports that US mill shipments increased 6.2% in May from April. 

Talks of a potential joint venture between Atlas Tube and Maruichi USA have ended.

South Korean conglomerate Posco, which has expanded far beyond its original steel making activities, is to concentrate on expanding in business areas which support industrial security and supply chain resilience, Posco Chairman Chang In-hwa said.