The latest tally of active drilling rigs held steady in the US and slowed in Canada this week, according to oil and gas rig count data published by Baker Hughes. The US rig count remained unchanged at ...

SMU’s Mill Order Index (MOI) surged in September, up for a fifth consecutive month and setting a record high. The increase came as service center on-order volumes and new mill order entries reached ...

Mesabi Metallics, part of the Essar Group, has picked Midrex Technologies to supply the direct-reduced iron (DRI) component of its planned $15 billion steelmaking complex in Lee County, Iowa. Recall ...

The pig iron trade from Brazil into the US has been lackluster over the last month, with minimal activity. Many players in the trade thought activity would increase after the International Iron ...

SMU’s Current Steel Buyers’ Sentiment Index ticked up this week, while Future Sentiment remained flat again, according to our latest market survey. Every two weeks, SMU polls thousands of ...

Manufacturing activity improved in several Federal Reserve districts, but conditions remained mixed nationwide, according to the Fed’s Oct 14 Beige Book report. Demand was strongest in steel, ...

On the face of it, nothing much changed in the US steel market this week. Lead times continue to extend. Inventories remain lean. And mills can pretty much name their price. Most sheet lead times ...

Nucor Plate Group said it will increase its fuel surcharge to $40 per short ton (st) next month, effective for all shipments beginning Nov. 1. The Charlotte, N.C.-based steelmaker first said in April ...

Sheet buyers found mills slightly more negotiable on price this week, while plate buyers thought mills were less flexible on spot price tags, according to our latest survey data. Every two weeks, SMU ...

The results of the latest Steel Market Update (SMU) flat-rolled market survey are now available on our website to all premium members. After logging in, look under the Data tab for Market Reports, and ...

CME Group’s hot-rolled coil futures have jumped higher as the loss of a reheating line at a large Southern mill have renewed domestic production issues. At market close on Oct. 12, the Q4’26 futures ...

The spread between domestic hot-rolled (HR) coil and prime scrap prices widened for the 13th consecutive month in October, hitting another multi-year high. SMU’s hot-rolled (HR) coil price averaged $1 ...