You could make a case that Nov. 1 was April Fool’s Day for steel – or at least for the widespread rumor that Cliffs would announce a $10-billion deal for U.S. Steel on that date. I’m not going to endorse any precise date or price tag. But I’d be surprised if a deal – or […]
It’s time to register for the Tampa Steel Conference 2024, easily one of the premiere North American steel events. It’s a can't-miss steel industry conference, especially following the record-breaking attendance at SMU’s Steel Summit 2023 this past August.
The announcement that Republic Steel in Canton, Ohio, is going to permanently cease operations disappointed many scrap suppliers in Ohio and Pennsylvania.
There was consensus that steel prices would crash on the UAW strike and then rebound just as sharply once the union and the “Big Three” automakers reached tentative deals.
Arkansas-based metals processor Boyd Metals, is expanding its footprint at its Little Rock, Ark., facility.
Ryerson Holding Corp, has acquired non-ferrous metals distributor TSA Processing.
US hot-rolled coil (HRC) tags moved higher again this week, widening the gap in pricing between imported offshore product.
On Monday and Tuesday of this week, SMU polled steel buyers on a variety of subjects, including steel prices, demand, inventories, imports, the UAW strike, and what people were talking about in the market.
Nucor’s plate price cut notice caught many off guard this week, especially after the company had maintained its pricing position in late September.
ArcelorMittal joins U.S. Steel and Cleveland-Cliffs, pushing sheet prices higher, according to an internal commercial memo on Oct. 31.
Sheet prices are getting back into very lofty territory. That’s assuming you can find spot tons available for the balance of 2023 – and some of you say you can’t.
Sheet prices surged this week on limited spot tonnage and on the heels of steep price increases announced by domestic mills.
The decline in imports from August to September was more pronounced than license applications suggested earlier this month.
Ryerson saw lower sales and shipments in the third quarter and is anticipating further declines in the last quarter of the year.
Cleveland-Cliffs said Tuesday that it would increase spot market base prices for carbon hot-rolled, cold-rolled, and coated steel sheet.
Ford Motor Co. said the United Auto Workers' (UAW) strike has shaved ~80,000 vehicles from production.
It’s official: U.S. Steel is idling its UPI operations in Pittsburg, Calif., by year’s end.
The first rule of Steel 101 is that you’re free to talk about Steel 101. We actually encourage it. Last week on Tuesday and Wednesday, SMU’s Steel 101 was held in Mt. Pleasant, S.C.
With the aluminum industry assembled in Nashville, Tenn., for the Aluminum USA 2023 conference, word was breaking of a tentative deal between the United Auto Workers (UAW) and Ford.
CRU forecasts a stronger year for steel sheet demand in 2024 than in 2023 as growth continues in Asia and a recent period of contraction in the West ends.
U.S. Steel’s third-quarter earnings call with analysts on Friday, Oct. 27, was packed full of insight into the Pittsburgh-based steelmaker’s current state of affairs.
I wrote on Sunday that it could be a busy week for steel. It has been.
These were the headlines hot off the press Wednesday night:
U.S Steel posted sharply lower earnings as a result of a drop in steel prices and only modest gains in shipments. The Pittsburgh-based steelmaker said little about the sales process it launched in August.
Mill lead times for flat-rolled products pushed out this week once again across the board.
Canadian steelmaker ArcelorMittal Dofasco could be impacted by a strike on the St. Lawrence Seaway, a company spokeswoman said.
U.S. Steel on Thursday announced that it would increase spot prices for steel sheet by another $100 per ton.
Taylor Swift’s “Shake It Off” could be the theme song for the sheet market over the last month. A UAW strike? Shake it off. The lowest ABI since December 2020? Shake it off. A potentially widening conflict in the Middle East? Shake it off. Sheet prices have been rising since late September, and hot-rolled coil […]
Sheet prices rose for a fourth consecutive week following a second wave of price hikes announced by domestic mills.
Nucor Corp. remains incredibly bullish long-term on steel demand, but an underlining theme during the steelmaker’s third-quarter earnings conference call with analysts on Tuesday, Oct. 24, was tempered near-term expectations.