SMU Steel Demand Index Improves Again, Moves Into Expansion Territory
Steel Market Update’s Steel Demand Index has moved into growth territory after seeing steady improvement since mid-September, according to our latest survey data.
Tag: steel mill
California Legislators Urge U.S. Steel to Find a Buyer for UPI Mill
A group of California members of Congress is calling on U.S. Steel to keep its USS-UPI steel mill in Pittsburg, Calif., open by finding a buyer for the operations.
Sparrows Point Site Gets $47.4M in Funding for Offshore Wind Project
The historically significant Sparrows Points steel mill site in Baltimore is set to live another life as a wind turbine factory under the name “Sparrows Point Steel.”
SMU Survey: Mills Less Willing to Talk Price on Sheet, More Willing on Plate
The percentage of steel buyers saying mills were willing to negotiate spot pricing fell for hot rolled this week, while plate's negotiation rate shot up, according to SMU's most recent survey data.
SMU Survey: Sheet Lead Times Extend While Plate Contracts
Lead times for most sheet products were pushed out even further this week as domestic prices continue to rise. Plate lead times, meanwhile, contracted on falling prices and waning demand.
SMU Survey: Mill Lead Times Push Out Further
Mill lead times for flat-rolled products pushed out this week once again across the board.
Nucor Posts Lower Q3 Profit on Weaker Steel Prices
Nucor reported a drop in third quarter profits on lower steel prices, with the biggest hit to earnings occurring at its sheet mills. And the Charlotte, N.C.-based electric-arc furnace (EAF) steelmaker doesn't see things improving in the fourth quarter.
Final Thoughts
This week could be a big one for steel, or at least for the steel rumor mill. For starters, there is renewed speculation that an announcement about the U.S. Steel sales process could be in the works. The rumor mill is also churning fast when it comes to the duration of the UAW strike and […]
November Scrap Tags Seen Mostly Sideways, Sources Say
As the ferrous scrap market in the US enters the home stretch for 2023, it faces an array of issues and uncertainties.
Subcontractors for USS Stole~$2M of Scrap: Police
Subcontractors for U.S. Steel in Indiana stole ~20 million pounds of scrap valued at ~$2 million over a two-year period.
SMU Steel Demand Index Inches Up Again But Still in Contraction
Steel Market Update’s Steel Demand Index remains in contraction territory despite repeated improvements since mid-September, according to our latest survey data.
Buyers Say Mills Less Willing to Negotiate Lower Prices: SMU Survey
The mill negotiation rate for all products SMU looks at fell this week, with hot rolled dropping 13 percentage points, according to our most recent survey data.
SMU Survey: Lead Times Extend Across the Board
This week’s survey showed steel mill lead times extending across all product lines tracked by SMU.
H2 Green Steel Considers Quebec for New Mill
H2 Green Steel is in talks with Canada to potentially build a new green steel project in Quebec.
EXCLUSIVE: Stickler Embraces Technology in New Rebar Venture
David Stickler is eager to demonstrate how advancements in technology can contribute to making the rebar market more sustainable.
David Stickler's Hybar Plans New, $500M Arkansas Rebar Mill
Arkansas has become a hub for steel production in the southern US, and it will soon be home to another steel mill. Hybar, a newly formed company led by steel industry veteran David Stickler, announced it will build a $500 million greenfield minimill to produce rebar in northeast Arkansas just outside of Osceola. The new […]