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Keeping a finger on the pulse of the flat-rolled steel market with the latest steel news, prices, and industry updates
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Pricing
Steel Market Update produces weekly price assessments, news, and analysis of market trends affecting prices and sentiment on the US steel market.
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Latest news
Final Thoughts
U.S. Steel plans to increase sheet prices by at least $30 per short ton (st). That’s something we haven’t seen for a while.
SSAB Americas seeks to raise plate prices $60/ton
SSAB Americas plans to increase plate prices by at least $60 per short to, according to a letter to customers dated Thursday, Oct. 24.
The higher prices are effective immediately for all new non-contract orders scheduled to ship on or after Dec. 2.
Architecture Billings Index remains dismal in September
Architecture firms continued to experience soft business conditions through September, according to the latest Architecture Billings Index (ABI) release by the American Institute of Architects (AIA) and Deltek.
HR futures drift lower as open interest grows
Despite a higher settle today on CME hot-rolled coil (HRC) futures, the pattern over the past four weeks has seen nearby steel futures prices drift lower, while the back of the 2025 curve has remained supported.
SMU Survey: Overall mill negotiation rate at highest point on record
More than nine out of every 10 steel buyers polled by SMU this week reported that mills are flexible on prices for new orders. Negotiation rates have been strong since April and on the rise since early September.
Construction sector added 25,000 jobs in September
The construction sector added 25,000 jobs in September, driven by labor shortages and improved wages, according to data released by the US Bureau of Labor Statistics.
Beige Book paints bleak picture of US economic landscape
Growth in the US economy continues to crawl with little change in most districts. The Federal Reserve’s October Beige Book report showed three-quarters of reporting districts with flat or declining economic activity.
SMU Survey: Mill lead times tick lower
Mill lead times have declined on both sheet and plate products this week, according to steel buyers responding to our latest market survey,
SSAB posts Q3 profit, sees caution among US buyers
Swedish steelmaker SSAB said its weaker third-quarter financial performance was due to muted demand, planned maintenance outages, and the continued decline of US plate prices.
Miller on scrap: Will winter trigger a rebound in ferrous markets?
The recycled iron and steel markets seem to be “ho hum” at this stage of October. The word on the street is strong sideways, which is really not a bullish sentiment compared to the optimism of two weeks ago.
USS increases sheet prices $30/ton
U.S. Steel aims to increase spot prices for all new orders of flat-rolled steel by at least $30 per short ton (st), according to an internal letter dated Thursday.
Commerce adjusts duties on large OD welded P&T
The US Department of Commerce is conducting annual administrative reviews of antidumping and countervailing duty (AD/CVD) orders on certain imports of steel pipe and tube.
Featured
Pricing
Interactive Pricing Tool
Chart steel and scrap prices against key indicators with our Interactive Pricing Tool.
wdt_ID | Product | Low | Avg | High |
---|---|---|---|---|
1 | HR | 650 | 685 | 720 |
2 | CR | 880 | 925 | 970 |
5 | GI | 840 | 880 | 920 |
6 | AZ | 880 | 920 | 960 |
7 | PL | 820 | 910 | 1,000 |