Tag: US

Plate market participants expect domestic producers to issue a $40-60 per short ton (st) price increase.

ArcelorMittal’s North American operations posted lower sequential results in the fourth quarter. But with operations returning to normal in Mexico, the company expects to see a volume recovery in the first quarter.

Sheet market participants said conditions this week were more stable than in past weeks, but they remain cautiously optimistic overall.   

O’Neal Industries (ONI) has announced changes to its top leadership. The Birmingham, Ala.-based family-owned metals service center group said the following appointments are effective immediately.

The latest Institute for Supply Management (ISM)’s Manufacturing PMI report found manufacturing activity expanded in January 2026. The preceding 26 consecutive months’ reports showed manufacturing activity in contraction.    

BlueScope’s new chief executive used her first public address to signal a faster, more aggressive phase for the steel company. She underscored the strength of its US operations and the rejection of a recent takeover proposal she said “materially undervalued” the business.

This news item was first published by CRU. To learn about CRU’s global commodities research and analysis services, visit www.crugroup.com. Canada’s Algoma Steel signed a binding Memorandum of Understanding (MoU) with Hanwha Ocean to support Canada’s submarine program and Algoma’s diversification strategy. A new structural steel beam mill may result. Financial support, subject to conditions being […]

A coalition of US steel industry CEOs has formally urged President Trump to maintain—and fully enforce—current Section 232 tariffs on steel and steel‑containing goods.

SSAB Americas delivered higher shipments and a stronger operating result in the fourth quarter of 2025. The company saw firm demand in key US end markets and a solid finish to the year despite a planned maintenance outage.

A report on the sheet market this week.

US steel imports have fallen sharply under the new 50% Section 232 tariff regime. Jerry Richardson, general director of CSN LLC, discussed on an SMU Community Chat this week how the market is now structurally tighter and more volatile than at any point in the past decade.

Metallus and the United Steelworkers (USW) have agreed to another tentative four-year contract, the specialty metal producer announced.  

The Bureau of Land Management (BLM) has provided Warrior Met Coal official permits for expanding its Tuscaloosa, Ala.-based mining projects.  

Economic activity across the US increased at a light-to-modest pace, according to the US Federal Reserve’s (The Fed) latest Beige Book report.

Though they’re hopeful, domestic sheet market sources didn’t share a bullish outlook on the market this week.

The number of oil and gas rigs operating in the US fell this week, while Canadian activity recovered further, according to the latest data released from Baker Hughes.

The volume of steel shipped outside of the country increased 11% from September to October 2025 to a seven-month high of 662,000 short tons (st), according to recently released data from the US Department of Commerce.

SMU’s January ferrous scrap market survey results are now available on our website to all premium members.

Greer Steel Co. has been purchased by Mutares SE & Co., an international private equity holding company based in Munich.

Steel plate market participants think increasing spot prices and growing order volumes could stick around. That’s two encouraging signs for the year ahead, they said. Oregon Steel Mills, SSAB, and Nucor all increased base prices for plate products by $40 per short ton (st) in the final weeks of December. SMU data also indicates that mills […]

Shipments of heating and cooling equipment fell for the sixth straight month in November, reaching the lowest rate seen since October 2016, according to the latest data released by the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).

The number of oil and gas rigs operating in the US fell this week, while Canadian activity surged, according to the latest data released from Baker Hughes. 

Sources in the domestic hot-rolled sheet market say they are standing by for an uptick in customer demand. These service center market participants, located in various regions of the US, expect to handle an influx of customer orders this month. 

The state of Louisiana has purchased 1,700 acres along the Mississippi River from Germania Plantation Inc. for $91 million for Hyundai Steel's proposed EAF operation.

Kloeckner Metals Corp. announced that beginning Jan. 1, 2026, the former Bauer Built Manufacturing site in Paton, Iowa, would lead all its commercial, manufacturing, and other operational activities. 

The Institute for Supply Management’s (ISM) latest report finds that December 2025’s market conditions in the manufacturing sector continued to soften.

Majestic Steel USA announced that Chad Broyles will now be the Executive Vice President for its business operations unit. The Cleveland-headquartered flat-rolled steel distributor and processor expects Broyles to help Majestic align its commercial and operational priorities. As EVP, Broyles will oversee service center operations, according to the company’s Jan. 5 statement. Todd Leebow, president and CEO of Majestic Steel USA, noted that since joining Majestic in 2025 Broyles’ has been a valuable contributor to its […]

The Mississauga, Ontario-based metals distributor is now the owner of Kloeckner's facilities in Dubuque, Iowa; Charlotte, N.C.; Suwanee, Ga.; Houston; Austin, Texas; Jacksonville, Fla.; and Pompano Beach, Fla.

Members of the United Steelworkers (USW) Local 1123 labor union voted against ratifying a second proposed deal with Metallus on Dec. 18.

The number of oil and gas rigs operating in the US ticked higher this week, while Canadian activity tumbled, according to the latest data released from Baker Hughes.