Final Thoughts
Will a US-UK meeting next week prove a harbinger of tariff deals to come, or will it be just another case of having the rug pulled from under us?
Contributor: Ethan Bernard
Ethan Bernard
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HRC vs. prime scrap spread narrows slightly
The price spread between prime scrap and hot-rolled coil (HRC) narrowed by a hair this month, according to SMU’s most recent pricing data.
Scrap market chatter in September
Comments from participants of our Ferrous Scrap Market Survey.
Prime scrap prices slip for September, other grades sideways
US busheling scrap prices have declined this month, while shredded and HMS tags have remained unchanged, according to market sources.
SMU Scrap Survey: Current Sentiment rises as Future Sentiment falls
SMU’s current Scrap sentiment index increased this month while future sentiment declined, according to our latest ferrous scrap survey data.
Steel Summit: USS' Kopf sees 2026 as a 'good opportunity'
Robert Kopf has been on U.S. Steel's acquiring side and is now part of the steelmaker's partnership with Japan’s Nippon Steel, and he sees bright days ahead for the steelmaker.
Private-equity firm FalconPoint buys industrial services provider SMS
Private equity firm FalconPoint Partners has acquired SMS, an industrial service provider.
Final Thoughts
Could an upcoming BRICS meeting spell trouble for President Trump's trade policy?
AISI: Raw steel output edges down
US steel production slipped in the week ending on Aug. 30 after an increase the week before, according to the most recent data from the American Iron and Steel Institute.
Steel Summit: Needham highlights Nucor's edge in flexibility, diversification
Nucor’s Dan Needham views the steelmaker’s flexibility and diversification as key to pivoting when economic conditions require.
Steel Summit: Zekelman advocates for 'Fortress North America'
Barry Zekelman has a unique vantage point from which to view today’s trade landscape. A Canadian national who owns operations in both the US and Canada, he has also had dialogue with both Canadian and American administrations.
Final Thoughts: Steel Summit 2025 has launched!
Steel Summit 2025 has just launched, and we're off to an amazing start.
Fabricator Merrill Steel building $32M+ facility in Arkansas
Steel fabricator Merrill Steel will spend over $32 million to construct a manufacturing facility Osceola, Ark.
Sims' long-term outlook bright, sees tariffs boosting US scrap demand
Australia-based global recycler Sims Ltd. has a rosy long-term outlook, while the company said tariffs are supporting US demand for ferrous scrap.
China opens WTO dispute with Canada over steel, aluminum
China has requested dispute consultations with Canada at the WTO about Canadian measures on Chinese steel and aluminum imports.
Bipartisan Congressional Recycling Caucus gets relaunch
Rep. Haley Stevens (D., Mich.) has announced the relaunch of the bipartisan Congressional Recycling Caucus.
Final Thoughts
Is a pattern finally emerging in the post-Liberation Day tariff landscape?
Olympic taps Anza for GM role at Connecticut location
Olympic Steel Inc. has promoted Vincent Anza to the role of general manager for its Milford, Conn., facility.
Nucor drops HR spot price to $865/ton
Nucor has lowered its hot-rolled (HR) spot price by another $10 per short ton (st) this week.
Final Thoughts
Don't be puzzled. Solve our crossword, and get ready for Steel Summit 2025!
Final Thoughts
We're getting ready to initiate the 10-day countdown until Steel Summit 2025 in Atlanta. Liftoff is on Aug. 25, and the conference goes through Aug. 27. With the speed at which things have moved this year, it will be great to take a breath and reflect on what's happened so far.
HRC vs. busheling spread narrows in August
The price spread between prime scrap and hot-rolled coil (HRC) narrowed in August, according to SMU’s most recent pricing data.
Welspun Tubular makes $150M investment in Arkansas line pipe mill
Line pipe manufacturer Welspun Tubular LLC has announced a $150-million expansion project at its site in Little Rock, Ark.
US scrap prices land flat in August
The scrap market traded sideways again in August with little change expected in September, according to sources.
Final Thoughts
What are our scrap survey participants saying about the market?
Friedman Industries' profits jump in its fiscal Q1
Friedman Industries’ fiscal first-quarter earnings nearly doubled from a year ago.
SMU Scrap Survey: Sentiment indices slip in August
Current and future scrap sentiment indices declined this month, according to SMU’s latest ferrous scrap survey data.
Domestic mill shipments rise in June: AISI
US steel shipments increased month over month and year over year in June, according to the latest figures from the American Iron and Steel Institute (AISI).
SunCoke completes Phoenix Global buy
SunCoke Energy completed its previously announced $325-million acquisition of Phoenix Global on Friday, Aug. 1.
Olympic remains acquisitive despite Q2 earnings slide
Olympic Steel's earnings fell in the second quarter amid an "unprecedented" environment in the metals industry.