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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
3+ day, 18+ hour 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…...
Canada plans to match US tariffs, including 50% on steel
2+ week, 4+ 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…...
BREAKING NEWS: US-Canada trade talks collapse
3+ week, 1+ 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…...
Cliffs hosts US VP Vance at Middletown, touts $1B improvement plans
3+ week, 1+ day ago (521+ words) Written by Ethan Bernard Cleveland-Cliffs said the US Department of Energy (DOE) has established a framework for Cliffs to finalize negotiations and implementation plans for a major investment at its Middletown Works in Ohio. The framework rescopes the previously awarded…...
Final Thoughts: Canada and S232 rocket back into the news—and Steel Summit!
3+ week, 1+ 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…...
HR Futures: Canadian tariff news shakes up market
3+ week, 2+ day ago (796+ words) Written by Gaby Ain It’s been a little while since my last column, and at the beginning of this week I was struggling to come up with something new to say. The HRC futures story had largely remained the same,…...
Commerce seeks comments on additional derivative items for S232 tariffs
4+ week, 2+ day ago (326+ words) Written by Ethan Bernard The US Commerce Department is seeking additional comments on 14 derivative items for possible Section 232 duties. Comments may be submitted at any time but must be received by Aug. 27, Commerce said. The Bureau of Industry and Security…...
HRC vs. busheling spread continues to widen in August
4+ week, 2+ day ago (467+ words) Written by Ethan Bernard & Stephen Miller The spread between domestic hot-rolled coil and prime scrap prices widened again in August, a trend that started nearly a year ago. This is the widest spread since January 2022. SMU’s average HRC price was…...
Trinidad talks up revival plan for ex-ArcelorMittal plant
1+ mon, 6+ day ago (637+ words) Written by CRU Group This item was first published by CRU. To learn about CRU’s global commodities research and analysis services, visit www.crugroup.com. Government leaders are bullish about a project to restart the long products mill at Point…...
US votes to maintain duties on rectangular pipe and tube
1+ mon, 1+ week ago (334+ words) Written by Laura Miller US anti-dumping and countervailing duties (AD/CVDs) on light-walled rectangular pipe and tube from four countries will remain in place for another five years. The continuation of the duties comes after the US International Trade Commission’s…...