European Commission makes public steel action plan
The European Commission unveiled A European Steel and Metals Action Plan aimed at safeguarding the European Union’s steel and base metals production.
Contributor: Ethan Bernard
Ethan Bernard
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Final Thoughts
Do recent actions by the EPA on deregulation signal a new course for the agency, and how could it affect steel?
HRC vs. scrap spread widens over $150/ton in March
The HRC vs. prime scrap spread increased again in March.
Trump says no exemptions on steel, aluminum tariffs: Report
President Trump said he has no plans to create exemptions on the recently enacted steel and aluminum tariffs, according to media reports.
Zekelman Industries alters leadership structure
Zekelman Industries has made changes to its leadership structure.
Final Thoughts
Is a fissure opening up between manufacturers and the mills on President Trump's tariffs?
Ferrous scrap tags rise amid short supply, tariff volatility
Ferrous scrap prices rose across the board in March as the market adapted to short supply and the volatile tariff situation, sources told SMU.
Algoma resumes steel shipments to US, sees opportunity in tariffs
Algoma Steel has resumed shipments to the US, effective Friday, March 14. And the Canadian steelmaker sees a potential opportunity with the current tariff situation.
Steel, manufacturing, and union groups divided on S232 tariffs
Domestic steel trade associations, manufacturing groups, and the United Steelworkers (USW) union had mixed reactions to the implementation of new Section 232 tariffs without exclusions on Wednesday. Trade groups representing steel mills broadly supported President Trump’s actions, while the USW and some groups representing manufacturers were more critical. AISI Kevin Dempsey, president and CEO of […]
Algoma posts narrower Q4 loss, braces for tariff impact as US shipments pause
Algoma Steel's net loss narrowed in the fourth quarter vs. a year earlier amid economic uncertainty and tariff-related issues.
Final Thoughts
With the tariff craziness showing no signs of abating, we take you on a tour of the current situation.
Olympic taps Zito for new VP of development role
Cleveland-based Olympic Steel Inc. has promoted Scott M. Zito to the newly created role of vice president of business development. Zito has been with the company for more than 40 years.
Pacific Steel breaks ground on California rebar mill
Pacific Steel Group has broken ground on its Mojave Micro Mill in Southern California.
Final Thoughts
One thing we've learned from our survey here at SMU: When prices are rising, people have a lot to say. You can be assured that with our most recent survey, the comments were coming in fast and furious.
JSW USA CEO Simon sees 'exciting times' in steel amid tariff volatility
SMU interviews JSW USA CEO Robert Simon.
Final Thoughts
Before we get whipsawed by the current moment, it’s important to reflect on optimism. Whatever happens, consumers are going to need steel.
SMA's Bell upbeat on steel as Trump tariffs shake up global market
Steel Manufacturers Association (SMA) President Philip K. Bell stressed a mood of "cautious optimism" for steel on what turned out to be Tariff Eve.
Ryerson swung to loss in '24, but saw fortunes improve over the last month
Ryerson swung to a loss in the fourth quarter, but has seen a turnaround in the last 30 days.
SMU Survey: Current Buyers' Sentiment Index jumps, Future Sentiment slips
SMU’s Current Buyers’ Sentiment Index rocketed up this week, while the Future Buyers’ Sentiment Index edged down. The two indices are almost at parity.
SMU Community Chat: CRU's Josh Spoores looks out over the Trump 2.0 battlefield
SMU Community Chat with CRU's Josh Spoores.
SMU Survey: Mills slam door on buyers looking to talk price
Mills’ flexibility on price for spot orders has taken a nosedive to levels not seen since the end of March 2023.
European Commission eyes retaliation vs. Trump steel tariffs: Report
The European Commission is looking into making current quotas on steel imports stricter as a countermeasure to President Trump’s recently announced tariffs on steel and aluminum imports to the US, according to an article in Reuters.
Final Thoughts
To say we’ve entered a “Brave New World” since Jan. 20 might be an exaggeration, but we’ve definitely entered a different one.
Trump could levy tariffs on auto imports in April: Report
President Donald Trump said last week that he could place tariffs on auto imports, according to an article in Politico.
Japanese PM cites 'unjust political interference' in Nippon/USS deal: Report
Japan’s Prime Minister Shigeru Ishiba said on Monday that former President Joe Biden’s decision to block Nippon Steel’s buy of U.S. Steel was “unjust political interference,” according to a report in Reuters. This comes after another Reuters report on Friday saying that President Trump would not object to Nippon taking a minority stake in the […]
SMA, AISI cheer Trump's action on reciprocal tariffs
Two US trade associations representing domestic steel producers have come out in favor of President Donald Trump’s announcement on reciprocal tariffs.
Final Thoughts
A look at how SMU survey respondents are reacting to President Trump's recent actions on tariffs.
White House announces plan for reciprocal tariffs
President Donald J. Trump signed a Presidential Memorandum announcing the “Fair and Reciprocal Plan” for trade on Thursday. This would eventually see the levying of reciprocal tariffs on trading partners after a trade analysis for each country is conducted.
HRC vs. prime scrap spread increases in February
The price spread between hot-rolled coil (HRC) and prime scrap widened in February ahead of the implementation of President Trump’s tariffs on steel.
Ferrous scrap tags soar in February on tight supply
The February scrap market has settled higher on all grades SMU covers.