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Brazil, US pig iron deals take pause on tariff uncertainty
35+ min ago (727+ words) Written by Stephen Miller There has been a pause this month in new pig iron transactions between Brazil and the US due to uncertainty around US tariffs, sources said. Although supply is still short and prices are still firm to…...
CRU: Iron ore finds cost support while Chinese demand underpins seaborne met coal pricing
4+ hour, 26+ min ago (325+ words) Written by Richard Lu This item was first published by CRU. To learn about CRU's global commodities research and analysis services, visit'www. crugroup. com. For the next month, CRU forecasts that'iron ore demand will fall month over month (m/m) while…...
South Korea surges past Canada as top US steel supplier
5+ hour, 38+ min ago (790+ words) Written by Laura Miller South Korea has overtaken Canada as the top foreign supplier of steel to the US market. Canada has traditionally been the largest exporter to the US by a large margin. But since the hike in Section…...
HR market sources content with contract volumes, seeking out spot
8+ hour, 27+ min ago (523+ words) Written by Kristen Di Landro Many sources reported finding easy access to the'maximum volume allotted in their'mill'contracts. Just as many sources'said,'they found some domestic suppliers holding contract volumes at half or less of'their contract (short) tons. Recently, all the…...
HR Futures: Market sees longer rally, higher peak
1+ day, 2+ hour ago (480+ words) Written by Gaby Ain In my previous column, on May 21, I continued to question the effectiveness of the usual supply response mechanisms in this current environment. Since then, the US HRC futures curve has continued to move higher, particularly in…...
Final Thoughts: Two for one
1+ day, 2+ hour ago (623+ words) Written by David Schollaert We're just in the early stages of summer, but before you know it, the dog days will be in full effect, and we'll be just weeks away from the flat-rolled steel industry descending on Atlanta. More…...
USW says healthcare most important issue for members in contract talks
1+ day, 3+ hour ago (420+ words) Written by Kristen Di Landro The United Steelworkers (USW) union is crafting its bargaining agenda ahead of upcoming negotiations with Cleveland-Cliffs and U. S. Steel." A text message sent from the USW on June 16 thanked members foridentifyingpriorities for upcoming contracts with U. S. Steel....
Plate market sources warn availability squeeze has knock-on effects
1+ day, 3+ hour ago (424+ words) Written by Kristen Di Landro A source explained that his fabrication customers have their own load of backlogged projects'to work through. He fears that overreliance on domestic mills for the plate he needs puts him at odds with his customers....
SMU Steel Demand Index moves higher
1+ day, 8+ hour ago (1196+ words) Written by David Schollaert SMU's Steel Demand Index ticked back up from late May, remaining in elevated territory, according to mid-June indicators. The Steel Demand Index, compiled from our survey data, now stands at 69. 0, up from a reading of 68. 0 in…...
Nucor guides to higher earnings in second quarter
1+ day, 8+ hour ago (492+ words) Written by Ethan Bernard Nucor expects higher earnings in the second quarter, both sequentially and year over year, and anticipates increased profits sequentially across all its operating segments. The steel mills segment is expected to see the biggest boost. The…...