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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
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…...
Worthington moves closer to full Kloeckner integration
2+ day, 16+ 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…...
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…...
Canadian Steel Producers Association president and CEO stepping down July 31
3+ mon, 1+ week ago (539+ words) Written by Kristen DiLandro Catherine Cobden will step down as president and CEO of the Canadian Steel Producers Association (CSPA). Cobden informed CSPA’s board that July 31 marks the end of her tenure in the role, according to CSPA’s June 1 statement....
Bull Moose Tube completes Hanna Steel buy - Steel Market Update
1+ week, 4+ day ago (307+ words) Written by Ethan Bernard Bull Moose Tube Co. has completed its acquisition of Hanna Steel Corp., a producer of structural and mechanical steel tubing. Further terms of the deal, first announced in June, were not disclosed. “We are pleased to…...
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…...
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...president on Nov. 1 and will be CEO on Jan. 1. Michael Moraca, currently treasurer, will become CFO effective...
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…...
Auction of Ahmsa assets set for late September
3+ week, 3+ day ago (499+ words) Written by Laura Miller Mexico’s bankruptcy court has set the auction date for the remaining assets of Altos Hornos de México (Ahmsa). Ahmsa’s flat-rolled steelmaking assets and its Minera del Norte (Minosa) mining assets in northern Mexico will be sold…...
Bull Moose Tube agrees to acquire Hanna Steel
2+ mon, 3+ week ago (507+ words) Written by Kristen DiLandro Bull Moose Tube Co. and Hanna Steel Corp. have reached an acquisition agreement, which will expand Bull Moose’s manufacturing footprint and add new tubing, coating, and logistics capabilities. The Chesterfield, Mo.-based manufacturer of steel pipe…...