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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, 12+ 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…...
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…...
Nucor sees multi-year strength in sheet and plate markets
1+ mon, 2+ week ago (813+ words) Written by Laura Miller The US flat-rolled steel market is tightening further as domestic demand accelerates, imports fall sharply, and Nucor’s expanded sheet and plate capabilities begin to reshape supply dynamics across key end-use sectors. Speaking on the company’s second-quarter…...
Foreign slab flows reset as top suppliers pull back
3+ mon, 3+ day ago (669+ words) Written by Laura Miller Two countries have ramped up slab exports to the US in the wake of declining tonnages from other major suppliers, despite overall slab imports falling by nearly a third from last year. Total imports of carbon…...
Hyundai-POSCO choose Danieli for EAF steel project in Louisiana
4+ mon, 4+ day ago (381+ words) Written by Ethan Bernard South Korea’s Hyundai and POSCO have chosen Italian mill equipment provider Danieli to build several installations at their proposed steel mill in Louisiana. The contracts given to Danieli include two electric-arc furnaces with secondary metallurgy, two…...
Air Liquide to spend more than $350M to support Hyundai-POSCO Louisiana mill
4+ mon, 2+ week ago (435+ words) Written by Ethan Bernard France’s Air Liquide is investing more than $350 million to expand industrial gas production and infrastructure in support of the proposed Hyundai-POSCO EAF mill in Louisiana. The Paris-based multinational that supplies industrial gases and related services is…...
Steel exports remain muted through February
4+ mon, 3+ week ago (463+ words) Written by Brett Linton US steel exports held steady from January to February and remain near historical lows, according to recently released US Department of Commerce data. Exports have trended lower for over a year now, recently dipping to a…...
US ferrous scrap market still affected by weather
5+ mon, 3+ week ago (647+ words) Written by Stephen Miller The weather is still influencing the recycled metals market as we head into spring, sources say. What started out early this month as a “down $20-30 per gross ton (gt)” prediction for April scrap has morphed into…...
Final Thoughts
7+ mon, 10+ hour ago (693+ words) Written by Ethan Bernard The day started off cloudy in Tampa. But by early afternoon on Thursday, the Florida sunshine returned in full force. There was no parallel lag in the content on the first full day of the Tampa…...