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Steel Market Update surveys thousands of steel executives every other week to deliver real-time flat-rolled insights, revealing on-the-ground perspectives.
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Latest news
Plate market participants anticipate producer hikes
Plate market participants expect domestic producers to issue a $40-60 per short ton (st) price increase.
Dodge: Nonres slips in January, data centers remain a bright spot
The Dodge Momentum Index (DMI) fell 6.2% in January to 272.7, retreating from December’s downwardly revised reading of 291.0, according to the latest data released by Dodge Construction Network.
Great lakes iron ore shipments drop in 2025
US-flagged iron ore shipments on the Great Lakes fell last year vs. 2024.
Baker Hughes: US, Canada gas drilling up, oil down from last year
Baker Hughes’ latest rig count report shows oil and gas drilling picked up in the US this week, but slowed in Canada. Oil drilling in both countries is down from last year, while gas drilling has picked up, mainly in the US.
SMU Scrap Survey: Current Sentiment rises, Future Sentiment stable
SMU’s Current Sentiment Index for scrap jumped again in February, according to the latest data from our ferrous scrap survey. And the Future Sentiment Index remained the same for the third consecutive month.
Century’s Hawesville smelter sale in the context of US primary aluminum
Former smelter sites have become increasingly attractive to data center developers competing for electricity to support AI.
SMU Steel Survey: Buyers’ Sentiment Indices slip but still indicate optimism
SMU’s Steel Buyers’ Sentiment Indices both edged lower this week following the multi-month highs set in mid-January.
GrafTech’s results underscore pricing pain despite strong US volume gains
GrafTech International closed 2025 with firmer sales volumes and significant cost reductions. But the graphite electrode producer remained deep in the red as global oversupply and aggressive competitor pricing continued to pressure realized prices.
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