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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
New transactions in Brazil-US pig iron trade
1+ week, 1+ day ago (647+ words) Written by Stephen Miller The market activity for pig iron imports in the US has been limited recently. However, there have been two cargoes transacted from Brazil as well as continuing imports from India. According to sources with whom SMU…...
September scrap tags settle mostly sideways
1+ week, 3+ day ago (418+ words) Written by Stephen Miller Ferrous scrap prices have landed largely sideways this month, sources told SMU. The market quickly settled on Wednesday as 90% of the buying concluded, according to sources in several districts. As previously reported in SMU’s Tuesday edition,…...
Mexico targets Japanese plate in new dumping case
1+ week, 4+ 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 market chatter this week
2+ week, 2+ day ago (891+ words) Written by Brett Linton On Monday and Tuesday this week, SMU polled steel buyers on an array of topics, ranging from market prices, demand, and inventories to tariffs, imports, and evolving market events. We are sharing a selection of the…...
Steel Summit: Zekelman says S232 certainty is key to new US steel investment
2+ week, 3+ 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…...
CRU: Higher freight rates to limit iron ore downside while met. coal will rise on China supply concerns
2+ week, 5+ day ago (326+ words) Written by Lalit Ladkat This item was first published by CRU. To learn about CRU’s global commodities research and analysis services, visit www.crugroup.com. For the next month, CRU forecasts that steelmaking raw materials demand will improve as buyers…...
Price: A whirlwind year for trade sets up a consequential Steel Summit
3+ week, 18+ hour 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…...
Final Thoughts: Canada and S232 rocket back into the news—and Steel Summit!
3+ week, 2+ 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…...
Brazil pig iron activity heating up for US buyers
3+ week, 4+ day ago (578+ words) Written by Stephen Miller There has been a resumption in pig iron activity in Brazil on the part of US-based steel mill buyers. Sources have confirmed there were two fresh deals concluded from South Brazil. SMU spoke to a trader…...