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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
SMU Scrap Survey: Current, Future Sentiment Indices decline
2+ day, 18+ hour ago (445+ words) Written by Ethan Bernard & Stephen Miller SMU’s Current and Future Scrap Sentiment Indices fell in September, according to the latest data from our ferrous scrap survey. SMU’s Current Scrap Sentiment Index declined five points to +88 this month from August. Though…...
Canada tariffs draw calls for negotiations as US response escalates
3+ day, 19+ 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…...
Mexico targets Japanese plate in new dumping case
1+ week, 3+ day ago (348+ words) Written by Laura Miller Mexico has formally opened an anti-dumping investigation into imports of cut-to-length steel plate from Japan. Mexico’s Ministry of Economy launched the trade case after a complaint by Grupo Acerero (GASA). GASA, a San Luis Potosi-based steel…...
Steel Summit: Worthington Steel still seeking M&A opportunities post-Kloeckner
1+ week, 4+ day ago (882+ words) Written by Ethan Bernard Worthington Steel’s CEO said the company remains focused on further acquisitions after the completion of its buy of Germany’s Kloeckner & Co. Geoff Gilmore, president and CEO of the Columbus, Ohio-based service center group, sat down with…...
Bull Moose Tube completes Hanna Steel buy - Steel Market Update
1+ week, 4+ 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…...
JSW Steel USA moves 45-day outage to Sept amid value-add push
1+ week, 5+ day ago (798+ words) Written by Michael Cowden JSW Steel USA has pushed back the planned outage at its plate mill in Baytown, Texas, the company’s top executive said. The 45-day outage will now take place in September instead of August, as initially planned,…...
Chicago Business Barometer tumbles into contraction in August
1+ week, 5+ day ago (402+ words) Written by Laura Miller Business cooled off in Chicago in August, falling into contraction territory for the first time since April, according to the latest Chicago Business Barometer reading. The Barometer fell 10.5 points from July to 47.1 in August. It fell…...
Nucor lifts HR coil CSP to $1,185/ton
1+ week, 5+ day ago (310+ words) Written by David Schollaert Nucor said on Monday, Aug. 31, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,185 per short ton (st) this week, a $5/st increase from a week earlier. The CSP for HR coil from…...
Steel Summit: Zekelman says S232 certainty is key to new US steel investment
2+ week, 2+ day ago (569+ words) Written by Laura Miller At the SMU Steel Summit in Atlanta on Tuesday, the CEO and executive chairman of Zekelman Industries disputed the view that tariffs broadly damage manufacturers or consumers. He pointed instead to continued profitability among steel-consuming businesses…...
Steel Summit: Ryerson CEO sees early-stage reshoring lifting steel demand
2+ week, 4+ 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…...