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Steel Market Update maintains ongoing conversations at all levels of the steel industry, from the executive suite to the newly hired buyer, salesperson or support staff. Where the steel community comes together Keeping a finger on the pulse of the flat-rolled steel market with the latest steel news, prices, and industr
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News
Canada tariffs draw calls for negotiations as US response escalates
5+ day, 34+ min ago (440+ words) Written by Laura Miller Canada’s retaliatory tariffs on US goods have drawn support from Canadian steel producers and labor groups. Meanwhile, US manufacturers and trade officials are calling for renewed negotiations as the dispute adds costs and uncertainty to cross-border…...
Canadian retaliatory tariffs set to take effect after midnight
6+ day, 22+ hour ago (564+ words) Canada will impose counter-tariffs of 15%, 25%, or 50% on a range of US products at 12:01 a.m. on Tuesday unless the two countries can reach a last-minute trade deal. The retaliatory measures—which include 50% tariffs on US steel and aluminum—came after trade talks…...
Commerce makes final decision in line pipe sunset review
1+ week, 4+ day ago (289+ words) Written by Laura Miller The US Commerce Department believes notable dumping and illegal subsidies would continue if import duties on welded line pipe from Turkey and Korea were allowed to expire. Commerce announced the final results of an expedited sunset…...
Bull Moose Tube completes Hanna Steel buy - Steel Market Update
1+ week, 6+ day ago (307+ words) Written by Ethan Bernard Bull Moose Tube Co. has completed its acquisition of Hanna Steel Corp., a producer of structural and mechanical steel tubing. Further terms of the deal, first announced in June, were not disclosed. “We are pleased to…...
Canada plans to match US tariffs, including 50% on steel
2+ week, 5+ day ago (393+ words) Written by Laura Miller Canada has moved to impose new tariffs on US goods, matching tariffs the US has imposed on it. The move follows the trade talks between the US and Canada that fell apart last week. Canada said…...
Steel Summit: Ryerson CEO sees early-stage reshoring lifting steel demand
2+ week, 5+ day ago (481+ words) Written by Laura Miller Ryerson’s CEO says US reshoring remains in its early stages, despite rising investment in manufacturing capacity. Speaking at the SMU Steel Summit 2026 in Atlanta on Tuesday, Eddie Lehner said the company’s AI-developed Ryerson Demand Reshoring Index…...
Canadian steel to support historic shipbuilding contract
2+ week, 6+ day ago (336+ words) Written by Laura Miller Canada’s government on Monday announced the largest shipbuilding contract in Quebec’s history. In partnership with Chantier Davie Canada Inc., the Government of Canada plans to invest over $11 billion to build six new icebreakers for the Canadian…...
Price: A whirlwind year for trade sets up a consequential Steel Summit
3+ week, 1+ day ago (1601+ words) Written by Alan Price This is an opinion column. The views in this article are those of an experienced trade attorney on issues of relevance to the steel market. They do not necessarily reflect those of SMU. We welcome you…...
BREAKING NEWS: US-Canada trade talks collapse
3+ week, 2+ day ago (451+ words) Written by Michael Cowden Trade talks between the US and Canada collapsed late on Friday, just hours after media reports that an accord was near. The failure of the two countries to reach a deal means the US will impose…...
Final Thoughts: Canada and S232 rocket back into the news—and Steel Summit!
3+ week, 3+ day ago (1157+ words) Written by Michael Cowden A potential trade deal with Canada and a possible reduction in Section 232 tariffs have rocketed back into the news just a few weeks after it seemed like negotiations between Washington and Ottawa were kaput. I won’t…...