Section: News

SMU’s Current and Future Steel Buyers Sentiment Indices both increased this week, based on our most recent survey data. Every other week we poll steel buyers about sentiment. The Steel Buyers Sentiment Indices measure how steel buyers feel about their company’s chances of success in the current market, as well as three to six months down the road. We have historical data going back to 2008. Check our interactive graphing tool here. The post SMU Survey: Buyers Sentiment Indices Rise appeared first on Steel Market Update.

US-based Nucor says it is exploring potential sites in the Pacific Northwest to build a new rebar micro-mill with 650,000 s.tons/y of capacity. Subject to directors’ approval, it would be the group’s fourth such plant, joining existing micro-mills in Missouri and Florida and the one under construction in home state North Carolina. The new mill […]

After a meeting Friday at the White House, the EU and US issued a joint statement noting no concrete movement towards a Global Arrangement on Sustainable Steel and Aluminum. The post US, EU To Continue Talks on Steel, Aluminum Deal After White House Meeting appeared first on Steel Market Update.

As the ferrous scrap market in the US enters the home stretch for 2023, it faces an array of issues and uncertainties. The post November Scrap Tags Seen Mostly Sideways, Sources Say appeared first on Steel Market Update.

Subcontractors for U.S. Steel in Indiana stole ~20 million pounds of scrap valued at ~$2 million over a two-year period. The post Subcontractors for USS Stole~$2M of Scrap: Police appeared first on Steel Market Update.

River Metals Recycling (RMR), a subsidiary of Nucor, has acquired all the Cincinnati-based assets of Garden Street Iron & Metal. The post Nucor Subsidiary Buys Cincinnati Scrap Assets appeared first on Steel Market Update.

The spread between hot-rolled coil (HRC) and prime scrap prices widened slightly this month, according to SMU’s most recent pricing data. The post Prime Scrap, HRC Spread Increases in October appeared first on Steel Market Update.

The pig iron trade is an important element to the US steel and foundry industry. The post SMU Explains: A Brief History of the US Pig Iron Market appeared first on Steel Market Update.

Prime scrap prices were unchanged in October month over month, following a large Detroit-area buyer's lead, according to market sources. The post Prime Scrap Prices Flat in October, Other Grades Edge Down appeared first on Steel Market Update.

A large Detroit-area scrap buyer has settled scrap tags for October, with busheling scrap sideways, a source told SMU. The post October Busheling Scrap Tags Flat at Large Detroit-area Buyer: Sources appeared first on Steel Market Update.