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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
US plate spot tons scarce, mills flex contract leverage
2+ day, 11+ hour ago (800+ words) Written by David Schollaert The US plate market is increasingly challenging. Spot tons remain constrained as demand gains momentum and lead times continue to stretch out—double what they were a year ago. The same story is playing out again…...
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…...
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: 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 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, 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…...
Price: A whirlwind year for trade sets up a consequential Steel Summit
3+ week, 5+ 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, 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…...
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…...