Contributor: Ethan Bernard

The spread between domestic hot-rolled coil and prime scrap prices continued to widen in April, a trend that began in September.

India-based JSW Steel’s combined US operations swung to a slight profit in its fiscal fourth quarter of 2026.

Algoma CEO forges new path against tariff headwinds

US scrap prices were mostly flat in May, with some upside on prime scrap, sources told SMU.

Algoma Steel's loss widened in the first quarter as tariffs and the EAF transition impacted its bottom line.

What might be in store for the ferrous scrap market this summer?

American Axle (Dauch Corp.) workers in Three Rivers, Mich., have voted to authorize a strike.

CFC Recycling has acquired Goolsby & Sons Recycling, a family-owned scrap and recycler in Gallatin, Tenn.

On Monday, Nucor hiked its spot HR price by $10/ton.

The May scrap market in the US seems to be just finishing up its settle as of the writing of this article. Luckily, we have our latest ferrous scrap market survey to give us an insight before we release our prices article next week.

SMU’s Current and Future Sentiment Indices for scrap both fell in May, though they remain at elevated levels, according to the latest data from our ferrous scrap survey.

South Korea’s Hyundai and POSCO have chosen Italian mill equipment provider Danieli to build several installations at their proposed steel mill in Louisiana.

Ryerson swung to a profit in the first quarter as it began the integration of Cleveland-based service center chain Olympic Steel.

Ternium SA’s profits more than doubled in the first quarter as work continues to advance at its industrial center in Pesqueria, Mexico.

Southeast Recycling Group (SRG) said it will acquire the assets of NuCycle LLC, including an automobile shredder and auto parts yard (Carolina Salvage) in Rock Hill, S.C.

Russel Metals’ earnings jumped in the first quarter as it reported record quarterly shipments and revenue.

AISI, SMA, and the Canadian Steel Producers Association will each publish a monthly column in the lead-up to the USMCA periodic review.

US steel shipments increased in March from February as well as year over year, the American Iron and Steel Institute said Monday.

President Donald Trump has threatened to raise tariffs on auto imports from the European Union to 25% from 15%.

The Canadian government has announced CAD$1.5 billion (USD$1.1 billion) in funding available to help companies impacted by US metals tariffs.

GrafTech International reported a wider net loss in the first quarter. However, it expects demand for graphite electrodes to "improve modestly" in the rest of 2026.

Ferrosource LLC, a distributor of ferrous metals, is nearing completion of its steel processing facility on the campus of Big River Steel Works (BRSW) in Osceola, Ark. Operations are set to begin in August.

Negotiations between the United Steelworkers (USW) union and U.S. Steel will not begin early, according to a text message to union members obtained by SMU.

A broad coalition of steel groups have written a letter urging the US government not to allow China access to the domestic auto market.

Gerdau’s North American operations reported increased profits in the first quarter on higher prices and shipments.

U.S. Steel has announced a $1.9 billion investment to construct a new direct-reduced iron (DRI) facility at Big River Steel (BRS) Works in Osceola, Ark.

SSAB Americas’ revenue fell in the first quarter as negative currency effects outweighed higher steel prices.

South Korea’s POSCO has signed a joint development agreement with Boulder, Colo.-based clean iron technology company Electra.

US Trade Representative Jamieson Greer said rules of origin will be a major focus of upcoming USMCA review talks.

France’s Air Liquide is investing more than $350 million to expand industrial gas production and infrastructure in support of the proposed Hyundai-POSCO EAF mill in Louisiana.