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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.
Site URL: www.steelmarketupdate.com/
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Posts: 34
Followers: 1
Steel imports historically weak through November license data
https://www.steelmarketupdate.com/2025/12/12/steel-imports-historically-weak-through-november-data/
Published: December 12, 2025 23:41
According to recently finalized US Commerce Department data, US steel imports tumbled to a near five-year low in September The post Steel imports historically weak through November license data appeared first on Steel Market Update.
Plate buyers avoid restocking, wary of market uncertainty
Published: December 12, 2025 23:12
US plate market participants hope the new year will bring favorable market conditions. But they remain leery of making big purchases because of lingering uncertainty. The post Plate buyers avoid restocking, wary of market uncertainty appeared first on…
SMU Survey: Buyers’ Sentiment slips, future outlook hits 9-month high
Published: December 12, 2025 22:19
The latest SMU’s Steel Buyers’ Sentiment Indices showed mixed results. The post SMU Survey: Buyers’ Sentiment slips, future outlook hits 9-month high appeared first on Steel Market Update.
AMU: Airbus’ low-profile overhaul takes flight
https://www.steelmarketupdate.com/2025/12/12/airbus-low-profile-overhaul-takes-flight/
Published: December 12, 2025 21:33
A cluster of Airbus announcements reveals how quickly the OEM is tightening and rebalancing its US supply chain. The post AMU: Airbus’ low-profile overhaul takes flight appeared first on Steel Market Update.
US rig count slips as Canadian count ticks up
https://www.steelmarketupdate.com/2025/12/12/us-rig-count-slips-as-canadian-count-ticks-up/
Published: December 12, 2025 20:34
The US rig count edged down this week while the Canadian count inched up, according to the latest Baker Hughes data released on Friday, Dec. 12. The post US rig count slips as Canadian count ticks up appeared first on Steel Market Update.
CRU: Data center demand drives US rebar toward June 2023 highs
Published: December 12, 2025 19:03
US longs prices diverged in early December, with rebar and structurals prices rising on data center demand while wire rod remained flat, as domestic mills balanced the market. Import volumes, in November, declined sharply across all longs. The post CRU:…
SMU flat-rolled market survey results now available
https://www.steelmarketupdate.com/2025/12/12/smu-flat-rolled-market-survey-results-now-available-22/
Published: December 12, 2025 14:32
SMU’s latest steel buyers market survey results are now available on our website to all premium members. The post SMU flat-rolled market survey results now available appeared first on Steel Market Update.
SMU Survey: Lead times stabilize following November extensions
Published: December 11, 2025 22:14
Steel mill lead times held relatively steady this week on both sheet and plate products, according to responses from SMU’s latest market survey. The post SMU Survey: Lead times stabilize following November extensions appeared first on Steel Market Update.
Final Thoughts
https://www.steelmarketupdate.com/2025/12/11/final-thoughts-1899/
Published: December 11, 2025 22:03
There was a palpable sense of optimism among folks at the HARDI conference about demand from data centers. In other words, around the physical infrastructure – which also includes energy transmission - needed to feed the AI boom. The big question: Could…
Spot market hopes sheet price hikes indicate a bullish 2026 market
Published: December 11, 2025 21:55
Participants in the domestic coil market hope producer price increases indicate strong market conditions entering the new year. The post Spot market hopes sheet price hikes indicate a bullish 2026 market  appeared first on Steel Market Update.
SMU Survey: Buyers report mills are less negotiable on sheet prices, more on plate
Published: December 11, 2025 21:28
Less than half of the steel buyers who responded to our market survey this week reported that domestic mills are willing to talk price on new spot orders The post SMU Survey: Buyers report mills are less negotiable on sheet prices, more on plate appeared…
Canadian government could help Algoma build two new heavy structural mills: Reports
Published: December 11, 2025 21:12
Plans are in the works to save 500 steelworker jobs at Algoma Steel and to construct two new mills – a plate mill and a beam mill, according to various local media reports. The post Canadian government could help Algoma build two new heavy structural…
HR Futures: How long will the rally run?
https://www.steelmarketupdate.com/2025/12/11/hr-futures-how-long-will-the-rally-run/
Published: December 11, 2025 20:18
After another eventful week in the steel market comes to a close, one of the most interesting developments has been timing. The post HR Futures: How long will the rally run? appeared first on Steel Market Update.
Brazilian pig iron market gains traction
https://www.steelmarketupdate.com/2025/12/11/brazilian-pig-iron-market-gains-traction/
Published: December 11, 2025 19:40
The pig iron market in Brazil has moved up since our last report for US-bound cargoes. The post Brazilian pig iron market gains traction appeared first on Steel Market Update.
CRU: Mexican lawmakers vote to put tariffs on steel and aluminum
Published: December 11, 2025 16:23
Members of Mexico’s lower house have approved a plan to impose levies of between 5% and 50% on imports of 1,463 categories of goods from countries lacking a trade agreement with Mexico. The post CRU: Mexican lawmakers vote to put tariffs on steel and…
Spread between US HRC and imports tightens marginally
https://www.steelmarketupdate.com/2025/12/11/spread-between-us-hrc-and-imports-tightens-marginally/
Published: December 11, 2025 15:45
The price gap between stateside hot band and landed offshore product continues to narrow toward parity, now at its lowest level in five months. The post Spread between US HRC and imports tightens marginally appeared first on Steel Market Update.
Zekelman Industries announces retirement of Mike Mechley
Published: December 10, 2025 22:01
Mike Mechley, executive vice president of procurement at Zekelman Industries, is retiring after nearly two decades with the Chicago-based company. The post Zekelman Industries announces retirement of Mike Mechley appeared first on Steel Market Update.
HRC vs. prime scrap spread continues to widen in December
Published: December 10, 2025 21:53
The price spread between hot-rolled coil and prime scrap has widened for the third consecutive month in December, based on SMU’s most recent pricing data. The post HRC vs. prime scrap spread continues to widen in December appeared first on Steel Market…
Nucor raises galvanized base price to $1,050/ton
https://www.steelmarketupdate.com/2025/12/10/nucor-raises-galvanized-base-price-to-1050-ton/
Published: December 10, 2025 19:56
Nucor has announced new base prices for galvanized steel products as of Wednesday, Dec. 10. The post Nucor raises galvanized base price to $1,050/ton appeared first on Steel Market Update.
Triple-S Steel takes stake in Northern European distributor
Published: December 10, 2025 18:56
Triple-S Steel Holdings and a European partner have taken a major equity stake in Zimmer Staal, a steel distributor based at the Port of Antwerp in Belgium. The post Triple-S Steel takes stake in Northern European distributor appeared first on Steel Market…
Join SMU and AMU for a Community Chat with Wells Fargo Managing Director Timna Tanners
Published: December 10, 2025 01:24
SMU and AMU are pleased to announced that Wells Fargo Managing Director Timna Tanners will be joining us for a Community Chat webinar next Wednesday, Dec. 17, at 11 am ET. The post Join SMU and AMU for a Community Chat with Wells Fargo Managing Director…
Final Thoughts
https://www.steelmarketupdate.com/2025/12/09/final-thoughts-1898/
Published: December 9, 2025 21:50
Let's take a look inside the last SMU Scrap Survey of 2025. The post Final Thoughts appeared first on Steel Market Update.
SMU Price Ranges: Coated and plate inch higher, other products stable
Published: December 9, 2025 21:48
SMU’s sheet and plate prices took a breather this week, holding relatively steady at multi-month highs. The post SMU Price Ranges: Coated and plate inch higher, other products stable appeared first on Steel Market Update.
Dodge Momentum Index down 1% in November, up on year
https://www.steelmarketupdate.com/2025/12/09/dodge-momentum-index-down-1-in-november-up-on-year/
Published: December 9, 2025 21:07
The Dodge Momentum Index (DMI) decreased 1% from October to November. However, it's up 36% year-to-date from the average reading over the same period in 2024, according to the latest data released by Dodge Construction Network. The post Dodge Momentum…
US scrap tags increase in December
https://www.steelmarketupdate.com/2025/12/09/us-scrap-tags-increase-in-december/
Published: December 9, 2025 19:35
US ferrous scrap prices have picked up in December, sources told SMU. The post US scrap tags increase in December appeared first on Steel Market Update.
SMU Scrap Survey: Sentiment Indices rise in December
https://www.steelmarketupdate.com/2025/12/09/227802/
Published: December 9, 2025 17:01
SMU’s Current and Future Sentiment Indices for scrap increased this month, according to the latest data from our ferrous scrap survey. The post SMU Scrap Survey: Sentiment Indices rise in December appeared first on Steel Market Update.
AISI: Raw steel production eases to near multi-month low
Published: December 8, 2025 21:24
Domestic raw steel production marginally declined last week, according to the latest data released by the American Iron and Steel Institute (AISI). The post AISI: Raw steel production eases to near multi-month low appeared first on Steel Market Update.
USW Local and Metallus agree to tentative 4-year contract
Published: December 8, 2025 20:34
The United Steelworkers (USW) Local 1123 union and Metallus have reached a new tentative agreement for a four-year contract.  The post USW Local and Metallus agree to tentative 4-year contract appeared first on Steel Market Update.
SMU scrap market survey results now available
https://www.steelmarketupdate.com/2025/12/08/smu-scrap-market-survey-results-now-available-11/
Published: December 8, 2025 19:14
SMU’s December ferrous scrap market survey results are now available on our website to all premium members. The post SMU scrap market survey results now available appeared first on Steel Market Update.
Nucor ups HR spot price by $10/ton
https://www.steelmarketupdate.com/2025/12/08/nucor-ups-hr-spot-price-by-10-ton/
Published: December 8, 2025 17:23
Nucor increased its weekly hot-rolled coil spot list price by $10 per short ton (st) on Monday, Dec. 8. The post Nucor ups HR spot price by $10/ton appeared first on Steel Market Update.
Worthington Steel in negotiations for possible takeover of Germany’s Klöckner
Published: December 8, 2025 16:55
Worthington Steel is in talks to possibly take over German-based service center chain Klöckner & Co. SE, both companies have confirmed. The post Worthington Steel in negotiations for possible takeover of Germany’s Klöckner appeared first on Steel Market…
Varsteel acquires Victoria Steel
https://www.steelmarketupdate.com/2025/12/07/varsteel-acquires-victoria-steel/
Published: December 7, 2025 20:47
Canadian service center Varsteel Ltd. has acquired Victoria Steel (also known as Acier Victoria) of Victoriaville, Quebec. The post Varsteel acquires Victoria Steel appeared first on Steel Market Update.
Leibowitz: Taking the long view on trade and USMCA
https://www.steelmarketupdate.com/2025/12/07/leibowitz-taking-the-long-view-on-trade-and-usmca/
Published: December 7, 2025 19:50
We can be grateful for some things. One is the regional agreement between the US, Canada, and Mexico that is currently undergoing review. A decision is expected by July 2026 on whether to extend the agreement, which is set to expire in 2036, for another 16…
Final Thoughts: Back to World War II
https://www.steelmarketupdate.com/2025/12/07/final-thoughts-back-to-world-war-ii/
Published: December 7, 2025 17:00
During the summer of 1989, I made a journey in search of recoverable scrap metal to a place I only studied in history books and in military training. The post Final Thoughts: Back to World War II appeared first on Steel Market Update.