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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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steelmarketupdate.com > 05/08/2026 > hyundai-posco-chooses-danieli-for-steel-project-in-louisiana

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…...

steelmarketupdate.com
steelmarketupdate.com > 11/26/2025 > algomas-garcia-named-ceo-of-the-year-by-the-globe-and-mail

Algoma's Garcia named 'CEO of the Year' by The Globe and Mail - Steel Market Update

9+ mon, 2+ week ago   (425+ words) Written by Ethan Bernard Algoma Steel CEO Michael Garcia has been recognized by Canada’s The Globe and Mail as “CEO of the Year: Corporate Citizen.” “This award celebrates Canadian CEOs who demonstrate leadership, vision, and responsibility — qualities Mike brings to…...

Steel Market Update
steelmarketupdate.com > 09/10/2026 > worthington-moves-closer-to-full-kloeckner-integration

Worthington moves closer to full Kloeckner integration

2+ day, 17+ hour ago   (369+ words) Written by Ethan Bernard Worthington Steel marked another step in its takeover of Kloeckner & Co. The Columbus, Ohio-based service center group announced on Sept. 8 that it had signed a domination and profit-and-loss transfer agreement (DPLTA) with Kloeckner. This was pursuant…...

Steel Market Update
steelmarketupdate.com > 07/26/2026 > smu-steel-summit-2026-cant-miss-exclusive-interviews

SMU Steel Summit 2026: Can’t-miss exclusive interviews

1+ mon, 2+ week ago   (339+ words) Written by David Schollaert We’re officially less than 30 days from the kickoff of SMU Steel Summit 2026 in Atlanta. Just shy of 1,200 steel industry professionals from nearly 500 companies and 20-plus countries have already registered to attend the Summit on Aug. 24-26 at…...

Steel Market Update
steelmarketupdate.com > 09/01/2026 > steel-summit-worthington-steel-still-seeking-ma-opportunities-post-kloeckner

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…...

Steel Market Update
steelmarketupdate.com > 04/28/2026 > nucor-west-virginia-mill-is-85-complete-commissioning-to-finish-in-2026

Nucor West Virginia mill is 85% complete, commissioning to finish in 2026

4+ mon, 2+ week ago   (365+ words) Written by Laura Miller Nucor’s new, 3-million-ton-per-year sheet mill in Apple Grove, W.Va., has reached “about 85%” completion, with commissioning underway, according to executives speaking on a first-quarter earnings conference call on Tuesday. Commissioning will run through 2026. The team will start…...

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…...

Steel Market Update
steelmarketupdate.com > 08/21/2026 > cliffs-hosts-us-vp-vance-at-middletown-touts-1b-improvement-plans

Cliffs hosts US VP Vance at Middletown, touts $1B improvement plans

3+ week, 1+ day ago   (521+ words) Written by Ethan Bernard Cleveland-Cliffs said the US Department of Energy (DOE) has established a framework for Cliffs to finalize negotiations and implementation plans for a major investment at its Middletown Works in Ohio. The framework rescopes the previously awarded…...

Steel Market Update
steelmarketupdate.com > 07/02/2026 > wheeling-nippon-promotes-reder-to-coo-petrella-to-commercial-vp

Wheeling-Nippon promotes Reder to COO, Petrella to commercial VP

2+ mon, 1+ week ago   (396+ words) Written by Laura Miller Wheeling-Nippon Steel Inc. announced on LinkedIn a series of promotions across the West Virginia-based company. William Reder was promoted to chief operating officer. Reder has served as Wheeling-Nippon’s VP of commercial for a decade, the company…...

Steel Market Update
steelmarketupdate.com > 07/10/2026 > smu-steel-summit-2026-what-are-you-waiting-for

SMU Steel Summit 2026: What are you waiting for?

2+ mon, 2+ day ago   (353+ words) Written by David Schollaert In exactly 45 days, the flat-rolled steel industry will again descend on Atlanta to uncover the decisions, innovations, and forces shaping the market today—and what’s coming next. The 16th annual SMU Steel Summit is bringing together the…...

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