Contributor: Ethan Bernard

Nucor's profits dropped precipitously in the third quarter on lower prices in its steel mills segment as the company expects a continued earnings slide for Q4'24.

The Canadian government announced a remission process for businesses for recently announced tariffs on Chinese steel and aluminum products and electric vehicles .

Sweden’s SSAB has been awarded €128 million by the European Commission for the steelmaker’s efforts at decarbonization.

When a mapmaker constructs a map, it’s always to the contours of the land. Or sea. That is, the mapmaker doesn’t say, “Look, these rocks really don’t belong here, so I’m not going to include them in the harbor map.” Uncharted rocks, sink ships (along with loose lips).

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

Scrap prices ticked up in October outside of Chicago and Detroit, scrap sources told SMU.

ArcelorMittal has entered into a 10-year commercial agreement with the Velux Group to supply the Denmark-based roof window maker with an increased amount of sustainably produced steel.

Nucor’s top executive Leon Topalian has been elected vice chair of the World Steel Association (worldsteel) for the 2024-25 time period.

Everybody has an opinion about politics these days. More importantly for our readers, though, every business has a bottom line. A popular question in our most recent steel buyers survey asked how uncertainty around the upcoming US presidential election could affect that line.

The American Iron and Steel Institute (AISI) this week named two new board members: Neil Tannyan of Hatch and Doug Dunworth of SMS Group.

European automaker Stellantis’ CEO Carlos Tavares will step down at the conclusion of his CEO term in early 2026. The company announced other sweeping management changes, including a new North America CEO.

European automaker Stellantis is mulling a major management shakeup following the company’s recently lowered 2024 guidance. This comes amid a spate of layoffs in the last few months at Stellantis, which has significant operations in the US, and at General Motors.

Steel Dynamics Inc. (SDI) has become the world’s first steel producer with carbon targets certified by the Global Steel Climate Council (GSCC).

Stelco Inc. said that the Canadian Competition Bureau will not challenge Cleveland-Cliffs’ pending buy of the Hamilton, Ontario-based steelmaker.

Worthington Enterprises has named Joseph Hayek as the company’s next president and CEO, effective Nov. 1. He will replace Andy Rose, who is retiring.

Domestic steel shipments increased month over month but slipped on year in August.

Richard Fruehauf, formerly of U.S. Steel, has been named chief venture officer of robotics and AI firm Carnegie Foundry.

Cleveland-Cliffs has cleared a regulatory hurdle for its pending purchase of Canadian steelmaker Stelco Inc.

US raw steel mill production has slipped for the fourth consecutive week, according to the latest figures released from the American Iron and Steel Institute (AISI).

Surprise, surprise. Forget Halloween, the trend this October is all around the unexpected. Known as the “October Surprise,” you never know what is in store for you in the month before a US presidential election. Still, if we pull back the dial back date-wise a little bit, a familiar theme has been added to the mix: kick the can.

General Motors is temporarily stopping production at a plant in Michigan and one in Texas due to supply-chain fallout from Hurricane Helene.

It’s been a little over a year since our last Community Chat with Flack Global Metals (FGM) founder and CEO Jeremy Flack. Though he described the current steel market as “boring” and “not so much fun,” it’s been an exciting year for the company, and there was no shortage of topics to discuss.

Flack Global Metals (FGM) has closed on its majority ownership stake in Pacesetter Steel Service.

Wheatland Tube, a subsidiary of Zekelman Industries, is closing a tube facility in Chicago, with nearly 240 workers being laid off.

Nucor is closing its Nucor Tubular Products Chicago facility and will be laying off 47 workers.

Netherlands-based automaker Stellantis has lowered its guidance for 2024 due to woes in the North American market and weakening worldwide industry dynamics.

Washington loomed large in our surveys this week. Two things actually: the upcoming presidential election and the trade case against imported coated products from 10 nations.

The Global Steel Climate Council (GSCC) has taken a step forward in standardizing the decarbonization process with the publishing of its labeling for a certified science-based emissions target.

Worthington Steel’s earnings tumbled in its fiscal first quarter of 2025. The company cited a drop in selling prices and tons sold for the sales dip for the three months ended Aug. 31.

The US Department of Energy (DOE) is launching a pilot project to measure the greenhouse gas (GHG) intensity of certain energy-intensive industrial products, including steel.