Contributor: Becca Moczygemba

Steel Market Update sat down recently with Grant Bordine, Felux’s director of commercial, to shine a light on how the company is helping to modernize the industry.

Active rigs in the US dipped slightly this week, while Canada's count increased for the second consecutive week, according to Baker Hughes.

The Global Steel Climate Council (GSCC) was formed to advance the steel industry's climate strategy. And its intentions are clear: establish standards and advocate for carbon emission reductions by industry members.

SMU polled steel buyers on a variety of subjects this past week, including inventory, demand, steel sheet prices, imports, and what people are talking about in today’s marketplace. Rather than summarizing the comments we received, we are sharing some of them in each buyer’s own words. We’d like to hear your thoughts, too! Contact david@steelmarketupdate.com to be […]

Flat rolled distributor Mill Steel Co. announced the appointment of a new CFO on Jan. 9.

The Dodge Momentum Index (DMI) gained traction in December thanks to improved commercial conditions, according to the latest Dodge Construction Network (DCN) data.

We only have three weeks left until the Tampa Steel Conference! If you haven’t already registered, there is still time, but the clock is winding down! The event runs from Sunday-Tuesday, Jan. 28-30, at the JW Marriott Tampa Water Street hotel. You can learn more about the agenda, explore networking opportunities, and register here. Visiting Tampa is […]

When significant events happen in the world of steel, many media outlets turn to the experts for insight. Associations like the Steel Manufacturers Association (SMA) are advocates for the steel industry and communicate with the outside world. SMA's director of communications and media relations, Gregg Walker, shared his expertise with SMU.

Active domestic rotary rigs dipped slightly this week, but Canada's firms increased their count significantly, according to Baker Hughes.

An increase in residential construction brought total construction spending up by 0.4% in November, according to a report from the Associated General Contractors of America (AGC). The uptick offsets a slowdown in public spending.

Domestic manufacturing activity receded for the 14th straight month, according to the latest Institute for Supply Management (ISM) Manufacturing PMI report.

Domestic rig counts creeped up in the last 2023 report from Baker Hughes. However, Canadian firms cut back significantly on their active rotary rigs.

The newly separated Worthington Steel noted improved earnings in its fiscal second-quarter results.

Rig counts are down in the US and Canada as of Dec. 21, according to Baker Hughes.

The Architecture Billings Index (ABI) reading from the American Institute of Architects (AIA) and Deltek showed a slight uptick in November, but was still in negative territory.

Steel buying lead times remain mixed as we head into the last week of 2023, according to SMU's most recent survey data.

On Monday and Tuesday of this week, SMU polled steel buyers on a variety of subjects, including purchasing practices, steel sheet prices, scrap, and the future market. Rather than summarizing the comments we received, we are sharing some of them in each buyer’s own words.

The European Union (EU) announced on Tuesday the extension of suspended tariffs on US aluminum and steel products. The extension of the negotiations will be active until March 31, 2025.

For our last SMU Spotlight of 2023, we had the pleasure of chatting with American Iron and Steel Institute (AISI) president and CEO Kevin Dempsey.

Active rig counts fell in the US and Canada for the week ended Dec. 15, according to Baker Hughes.

New York state saw a decline in manufacturing in December, according to the latest Empire State Manufacturing Survey.

The US Treasury Department and Internal Revenue Service (IRS) announced on Dec. 14 proposed regulations for aluminum production under the Inflation Reduction Act (IRA). According to irs.gov, Section 45X of the Internal Revenue Code (IRC) “provides a credit for the production (within the US) and sale of certain eligible components including solar and wind energy […]

Most steel markets will be more balanced in 2024, according to the latest sector outlook from Fitch Ratings.

On Monday and Tuesday of this week, SMU polled steel buyers on a variety of subjects, including steel sheet prices, demand, inventory, imports, and what people are talking about in the market. Rather than summarizing the comments we received, we are sharing some of them in each buyer’s own words. We want to hear your […]

Domestic steel production slipped for the week ended Dec. 9 but rose in three regions, according to the American Iron and Steel Institute’s (AISI’s) report on Monday, Dec. 11.

Active rotary rigs in the US and Canada are up for the second consecutive week, according to Baker Hughes.

October saw domestic heating and cooling equipment shipments drop for a second consecutive month, according to the latest data released from the Air Conditioning, Heating, and Refrigeration Institute (AHRI).

The US International Trade Commission (ITC) held a hearing on Dec. 7 with testimonies from members of the domestic steel industry. The USITC is leading a fact-finding investigation on US greenhouse-gas (GHG) emissions.

On Dec. 6, US Senator Sheldon Whitehouse (D-RI) reintroduced the Clean Competition Act, an environmental trade directive that would impose charges on imports from more carbon-intensive manufacturers.

American steel mills sent out more tons of steel in October than the previous month, according to the latest monthly data from the American Iron and Steel Institute (AISI). Domestic mills shipped 7,346,373 net tons in October, up 1.3% from the 7,252,942 tons sent out in September. Shipments were also up 1.9% compared to the […]