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Steel Market Update

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

Steel Market Update
steelmarketupdate.com > 09/01/2026 > steel-summit-cox-sees-us-auto-demand-steady-as-she-goes

Steel Summit: Cox sees US auto demand ‘steady as she goes’

1+ week, 4+ day ago   (525+ words) Written by Laura Miller Vehicle affordability pressures are limiting growth in vehicle volumes, according to Mark Strand, deputy chief economist at Cox Automotive. SUVs, fleet activity, and aftermarket work could support steel demand, he told the audience last week at…...

Steel Market Update
steelmarketupdate.com > 08/27/2026 > steel-market-chatter-this-week-103

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 Market Update
steelmarketupdate.com > 08/27/2026 > steel-summit-zekelman-says-s232-certainty-is-key-to-new-us-steel-investment

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 Market Update
steelmarketupdate.com > 08/25/2026 > steel-summit-ryerson-ceo-sees-early-stage-reshoring-lifting-steel-demand

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…...

Steel Market Update
steelmarketupdate.com > 08/22/2026 > price-a-whirlwind-year-for-trade-sets-up-a-consequential-steel-summit

Price: A whirlwind year for trade sets up a consequential Steel Summit

3+ week, 10+ 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…...

Steel Market Update
steelmarketupdate.com > 08/21/2026 > final-thoughts-canada-and-s232-rocket-back-into-the-news-and-steel-summit

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…...

Steel Market Update
steelmarketupdate.com > 08/07/2026 > steel-import-licenses-rebound-in-july-after-june-decline

Steel import licenses rebound in July after June decline

1+ mon, 5+ day ago   (520+ words) Written by Laura Miller Licenses to import steel into the US surged in July to the highest level since May 2025, according to recently released US Commerce Department data. Final June figures show a 3.8% month-on-month decline, while July licenses show a…...

Steel Market Update
steelmarketupdate.com > 08/07/2026 > final-thoughts-1941

Final Thoughts: The search for steel

1+ mon, 5+ day ago   (953+ words) Written by Michael Cowden It’s tough to find a new angle to write about in a market that continues to be characterized by the same trends. You know the ones: extremely limited spot tons, long lead times, low inventories, and…...

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steelmarketupdate.com > 08/03/2026 > aisi-domestic-steel-production-at-two-month-high

AISI: Domestic steel production at two-month high

1+ mon, 1+ week ago   (424+ words) Written by Brett Linton The amount of raw steel produced by US mills increased last week to the highest rate recorded since early June, according to recently released American Iron and Steel Institute (AISI) figures. Domestic production has been historically…...

Steel Market Update
steelmarketupdate.com > 08/03/2026 > nucor-ups-spot-hr-price-by-10-ton-again

Nucor ups spot HR price by $10/ton, again

1+ mon, 1+ week ago   (265+ words) Written by David Schollaert Nucor announced on Monday, Aug. 3, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,155 per short ton (st) for the week, up $10/st from last week. The CSP for HR from CSI on…...