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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
Galvanized price premium over hot-rolled coil slips
The premium galvanized coil prices carry over hot-rolled (HR) coil continues to shrink, according to SMU price indices.
Active rig counts ease in US and Canada
US rig counts remain near multi-year lows, which is the territory they have been in for the last three months. Canadian counts have edged lower in the past two weeks, slipping from a six-month high earlier this month.
US CR prices push ahead of imports
The price gap between US cold-rolled (CR) coil and offshore product widened this week as stateside tags inched up. The premium has been steadily increasing after falling to a 10-month low in late July.
Fed indicators show a stable manufacturing sector
The latest Federal Reserve data paints a healthy and stable manufacturing sector. Steel Market Update is pleased to share this Premium content with Executive members.
Gerdau to buy Dale’s Recycling ops for $60M
Gerdau Long Steel North America plans to acquire Dale’s Recycling Partnership, a Tennessee-based operator and processor of ferrous scrap.
RMU: Global shifts pressure alternative iron prices
SMU is pleased to share the latest news from the global pig iron markets from our sister publication, Recycled Metals Update.
CRU: Steel trade protectionism is on the rise
Continued highly competitive steel exports from China, amid weakening global demand, have triggered a wave of trade protectionism across major markets.
Final thoughts
Whether it’s the twists and turns of the presidential election, the U.S. Steel deal, or just what’s happening with the movement of steel pricing, there has been no shortage of stories for us to cover.
SMU Community Chat: Steel Warehouse CCO on labor woes, demand, and more
They say failure can lead to success. Such was the case for Nate Lerman. While liquidating the inventory of his failed toy truck business, he realized the profit potential in steel, which ultimately led to the creation of Steel Warehouse. Since its founding over 75 years ago in South Bend, Ind., Steel Warehouse has remained […]
UAW threatens strikes at Stellantis, Ford
The United Auto Workers (UAW) union has threatened to strike at Stellantis and at Ford’s Dearborn, Mich., truck plant.
US HR prices remain marginally higher than imports
US hot-rolled (HR) coil prices edged up this past week and remain modestly more expensive than offshore material on a landed basis.
Since reaching parity with import prices in late August, domestic prices have been slowly pulling ahead of imports. The move has been driven largely by declines overseas.
USS Q3 guidance: Prices have bottomed, expansions on track
U.S. Steel expects third-quarter adjusted earnings of approximately $300 million, according to figures released on Thursday.
The Pittsburgh-based steelmaker said the result was in line with prior guidance and came despite “challenging pricing dynamics.”
The company also said the third quarter likely reflected a “bottoming steel price environment.”
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 | 660 | 690 | 720 |
2 | CR | 900 | 950 | 1,000 |
5 | GI | 860 | 920 | 980 |
6 | AZ | 900 | 930 | 960 |
7 | PL | 900 | 950 | 1,000 |