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SMU Survey: Buyers report more price flexibility from mills

Nearly half of the steel buyers responding to this week’s SMU market survey say domestic mills are showing increased willingness to negotiate pricing on new spot orders. This marks a…

SMU Survey: Sheet lead times ease further, plate hits one-year high

Steel buyers responding to this week’s SMU market survey report a continued softening in sheet lead times. Meanwhile, plate lead times have moderately extended and are at a one-year high.…

Join SMU on April 30 for a Community Chat with Bilstein Cold Rolled Steel CEO Brent Wilson

Bilstein Cold Rolled Steel LLC CEO Brent Wilson will be the featured speaker on the next SMU Community Chat webinar on Wednesday, April 30, at 11 am ET. You can…

SMU Survey: Less support seen for Trump tariff policies

Fewer people think President Donald Trump’s trade policies are helping their business. And a majority of our respondents think it’s too early to say whether the tariffs are going to…

April energy market update – Steel Market Update

Editor’s note: Steel Market Update is pleased to share this Premium content with Executive members. For information on how to upgrade to a Premium-level subscription, contact Luis Corona luis.corona@crugroup.com. In…

HR Futures: Market at crossroads after turbulent run

After a volatile end to Q1, the hot-rolled (HR) coil futures market appears to be stabilizing, though not without notable shifts in positioning and pricing structure. The physical market continues…

SMU survey finds less support for tariff policies

Fewer people think President Donald Trump’s trade policies are helping their business. And a majority of our respondents think it’s too early to say whether the tariffs are going to…

Tariff talks define Alcoa’s Q1

Shipment timing and tariff talk define Alcoa’s Q1 Pittsburgh-based aluminum producer Alcoa kicked off earnings season, as far as the aluminum market participants are concerned, with a focus on positioning…

CRU: Iron ore falls to a 7-month low on escalating trade war

Iron ore prices were largely steady in March, hovering around $100–102 per dry metric ton (dmt) in a quiet market. However, prices declined sharply in early-April, as President Donald Trump’s…

Home – worldsteel.org

ABOUT WORLDSTEEL The World Steel Association (worldsteel) is one of the largest and most dynamic industry associations in the world, with members in every major steel-producing country. worldsteel represents steel…

SMU Survey: Buyers’ Sentiment Indices fall

SMU’s Buyers’ Sentiment Indices both declined this week, according to our most recent survey data. Every other week, we ask steel industry executives how they rate their companies’ current chances…

Export scrap market weak so far in April

The ferrous scrap export market has been thinly traded thus far in April in the Atlantic Basin. There have been scant cargoes originating in North America sold into Turkey and…

AISI announces publication of environmental rules for N. American steel construction products

The American Iron and Steel Institute (AISI) has announced the publication of the third version of the Product Category Rules (PCR) for North American Steel Construction Products. The PCR was…

Holiday Notice: Easter – Steel Market Update

Steel Market Update will be taking time off in observance of Good Friday and Easter. Our offices will be closed on Friday, April 18, and we will not publish our…

March service center shipments and inventories report

Flat rolled = 56.4 shipping days of supply Plate = 45.7 shipping days of supply Flat rolled US service centers’ flat-rolled steel supply declined in March with strong shipments, as…

POSCO mulls teaming up with Hyundai on Louisiana mill

South Korea’s POSCO is eyeing linking up with Hyundai Steel in the project to build a steel plant in Louisiana, according to media reports. The post POSCO mulls teaming up…

AISI releases environmental rules for N. American steel construction products

The American Iron and Steel Institute (AISI) has published the third version of the Product Category Rules (PCR) for North American Steel Construction Products. The PCR was made to provide…

SMU price ranges: Sheet and plate prices retreat from recent highs

Steel prices slipped again this week, with all five of SMU’s sheet and plate indices trending lower for the second week in a row. The market continues to cool following…

New York state manufacturing index drops again in April

Business activity declined for the second month in a row in New York state, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York.…

CRU: USW seeks exclusion from Trump’s tariffs

Members of the United Steelworkers (USW) union have approved a resolution calling for permanent exemption from the 25% Section 232 levies US President Donald Trump has applied to Canadian steel…

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