Contributor: Ethan Bernard

Worthington Steel's CEO feels optimistic as the company heads into its second year as a standalone company.

The American Iron and Steel Institute (AISI) lauded the recent passage of a water resources bill in Congress.

Nippon Steel and a Japanese trading company have entered an agreement to buy a 49% interest in a Champion Iron ore project in Canada.

SMU looks back at stories from Decembers past, one, five, 10, and 100 years ago.

Lawrence D. ‘Larry’ Romboski, Jr.'s career in steel spanned 35 years, most recently serving as VP of sales for NLMK USA.

It's that time of year again. You know, that time when people wonder if those things are drones in New Jersey or if the aliens are ready to come onto the stage just in time for Inauguration Day. What will that do for steel price volatility? In any case, the SMU team finds itself in Pittsburgh this week.

Nucor cited decreased volumes and prices in it steel mills segment as the key driver of its lower guidance for the fourth quarter.

The Steel Tube Institute (STI) has outlined three priorities for 2025: skilled trade jobs, tariffs, and commercial building adaptations.

The price spread between hot-rolled coil (HRC) and prime scrap narrowed slightly in December, according to SMU’s most recent pricing data.

Cracks have formed in what has been presented as the Biden administration’s united front against Nippon Steel’s play for U.S. Steel. A report from the Financial Times said parts of the administration are at odds on the deal.

Ferrous scrap prices have finished 2024 down, but there is hope for a bump in January, scrap sources said.

With just over a month to go until Inauguration Day on Jan. 20, President-elect Donald Trump has already signaled some of his policy choices that will affect the steel industry.

Nippon Steel addressed a host of objections by the United Steelworkers (USW) related to the Japanese steelmaker’s proposed buy of Pittsburgh-based U.S. Steel.

The Canadian government estimates steel and aluminum imports from China will decrease by nearly 50% due to newly implemented tariffs.

SMU’s Current Steel Buyers’ Sentiment Index slipped this week, while Future Sentiment remained flat, according to our most recent survey data.

Never have I been more certain in declaring that those in the steel industry are less certain now than they thought they’d be at this point before the election.

Domestic steel shipments were down month over month and on-year in October.

Russel Metals Inc. has closed on its buy of Tampa Bay Steel.

The ferrous scrap market hasn’t settled yet for December, but sources say mills are looking to push scrap prices down.

President-elect Donald Trump announced that Peter Navarro will serve as his senior counselor for trade and manufacturing.

Worthington Steel has reached an agreement to acquire a controlling equity stake in Italian-based electric motor lamination producer Sitem SpA.

“I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan,” Trump said in a post on Truth Social on Monday.

Steel Market Update will be taking time off in observance of Thanksgiving.

President-elect Donald Trump has nominated attorney and US Air Force Veteran Jamieson Greer to be the next US Trade Representative (USTR).

American and Canadian steel trade groups, as well as the government of Mexico, have responded to President-elect Trump's threat of imposing 25% tariffs on all US imports from Canada and Mexico and a 10% tariff on imports from China.

Japanese Prime Minister Shigeru Ishiba has asked that President Biden approve Nippon Steel’s $14.9-billion proposed offer to buy Pittsburgh-based U.S. Steel, according to a report in Reuters.

Cleveland-Cliffs' Lourenco Goncalves said the company will install a new stove at Stelco’s blast furnace in Nanticoke, Ontario.

“We’ll always have Paris,” as the famous line in Casablanca goes. And this month, the global steel industry did as well. The Organization for Economic Co-operation and Development (OECD) Steel Committee met in the City of Lights earlier this month. There was also a meeting of the Global Forum addressing excess steel capacity.

Domestic galvanized prices remain relatively rangebound despite the conclusion of the US presidential election.

Nori, a top Nippon Steel official, met on Tuesday with Pennsylvania's governor, to discuss its proposed acquisition of U.S. Steel.