Key Takeaways Hot rolled spot pricing moved higher for the second consecutive week after a brief pause, and zinc reached its highest level since June 2022 while global inventories drained for a fifth straight week, putting coated buyers under pressure from two directions at once. Total carbon steel imports fell...
Key Takeaways Stoicism divides everything into what a person can influence and what they cannot, then directs all effort toward the first category. The principle is simple to state and difficult to apply, and the difficulty is the entire subject. Four virtues, wisdom, courage, justice, and temperance, function as a...
Key Takeaways The published CSP HRC base moved higher again for the week of July 27th, extending a steady climb that tells buyers more about producer confidence than the size of the increase itself. A new Section 301 tariff action took effect Friday across roughly 99.4% of US imports and...
In the week ending August 1, 2026, U.S. domestic raw steel production reached 1,870,000 net tons, with mills operating at 81.0 percent of their capability. That output is 5.6 percent higher than the same week a year earlier, when production was 1,770,000 net tons at a 78.2 percent utilization rate, and it also marks a 0.6 percent increase from the prior week ending July 25, which saw 1,858,000 net tons produced at 80.5 percent utilization.
Year to date, adjusted production through August 1, 2026, totaled 55,510,000 net tons at a 79.0 percent capability utilization rate, up 5.8 percent from 52,484,000 net tons in the same period last year, when utilization was 77.0 percent. By district for the week ending August 1, production in thousands of net tons was: Northeast 125, Great Lakes 496, Midwest 320, Southern 860, and Western 69, adding up to the 1,870,000 net ton total.
The American Iron and Steel Institute has pushed back against China’s recent report dismissing concerns about excess manufacturing capacity, calling the paper fundamentally flawed. AISI says global steel overcapacity is real and well documented, with OECD data projecting excess capacity to rise from 640 million tons in 2025 to 745 million tons by 2028.
AISI argues that China is a primary driver of this imbalance, noting that its steelmaking capacity in 2025 was nearly half of global capacity and more than twice that of the U.S., EU, Japan, and several other major producers combined. AISI points to heavy state subsidies and five year plans as evidence that China’s steel sector is shaped by government direction rather than market forces, fueling both overcapacity and a surge in exports.
Nucor reported consolidated net earnings of $1.16 billion, or $5.04 per diluted share, for the second quarter of 2026, driven by record steel mill shipments and higher average selling prices. The company’s steel mills segment shipped 7.1 million tons in the quarter, marking the second consecutive quarterly record and pushing mill utilization to 91 percent.
Strong demand across sheet, plate, bar, and structural products helped lift both volumes and pricing, while a $130 million reduction in raw material costs from prior-period refunds also boosted results. Management said the performance reflects solid investment in key U.S. end markets and supportive trade policies, with shipment growth for 2026 now expected near the high end of its 5 to 10 percent range.
Hyundai Steel is set to begin construction of its first North American automotive steel plant with a groundbreaking ceremony on September 4, 2026, in Ascension Parish, Louisiana. The $5.8 billion electric arc furnace (EAF) integrated mill will be built at the RiverPlex MegaPark and is expected to reach full operation by 2029.
The facility will have an annual capacity of about 2.8 million metric tons, with roughly 70 percent of output dedicated to automotive steel for Hyundai Motor Group’s U.S. vehicle plants and other North American automakers. The project is projected to create more than 1,300 direct jobs and thousands of indirect jobs, while using a direct reduction plus EAF route to produce low-carbon steel.
The new U.S. tariffs on Canada are set at 50% for covered goods, and they apply under Section 338 of the Tariff Act, which targets trade discrimination rather than a national emergency. The White House says the move responds to what it sees as unfair treatment of U.S. exports, especially in cars, dairy, and alcohol.
The duties take effect within 30 days and cover a wide range of Canadian products, from consumer items like wine and hockey sticks to industrial goods such as commercial cement. Several major exports are exempt, including energy, potash, critical minerals, and fish, and the tariffs apply even to covered goods that would otherwise fall under USMCA.
Google has broken ground on the Steel River Energy Center in Mississippi County, Arkansas, a solar and battery storage project it says is the largest of its kind in its global portfolio. The first two phases will add 1.6 GWdc of solar and 1.9 GWh of storage, with the full project expected to reach 2.5 GWdc of solar and 2.9 GWh of storage by 2029.
The project also has a strong steel connection, since Google says it will use 100% U.S.-made structural steel in the build. Beyond the materials angle, the project is expected to create about 700 local jobs and generate an estimated $300 million in tax revenue over its lifetime.
The UK government has taken British Steel into public ownership to safeguard steelmaking at the Scunthorpe Mill, which has been at the center of concerns about the future of the country’s primary steel production. The intervention is designed to keep the site operating, protect jobs, and prevent a loss of domestic steelmaking capacity that would be difficult to replace once gone.
Officials frame the move as both an industrial and strategic decision, since the mill supports workers, contractors, and a wider supply chain tied to UK manufacturing. By stepping in, the government aims to stabilize the business while shaping a longer-term solution for the site, with the goal of preserving steel production at one of the country’s most important mills.
The United States has exempted Brazilian pig iron from the 25% tariff, a decision that matters for steelmakers because pig iron is a critical raw material in steel production. By leaving this input out of the tariff, the U.S. is easing pressure on buyers that depend on Brazilian supply, especially mills that use pig iron to support furnace operations and maintain production efficiency.
The exemption also helps limit disruption in the wider steel supply chain, where even a modest jump in input costs can ripple through pricing and sourcing decisions. For producers and traders, the move provides some near-term stability by keeping a key feedstock available without the added tariff burden, even as the broader trade environment around Brazilian imports remains tight.
In the week ending July 11, 2026, U.S. raw steel production reached 1,840,000 net tons, with capacity utilization falling to 79.7 percent, falling below the key 80 percent benchmark often viewed as a signal of healthy capacity utilization.Â
The US Department of Commerce has issued the final results of the countervailing duty administrative review on certain corrosion resistant steel products CORE from South Korea covering January 1 2022 through December 31 2022. Final subsidization rates were set at 4.02 percent for KG Dongbu Steel Co Ltd and KG Steel Corporation 2.27 percent for Hyundai Steel Company and 2.97 percent for the POSCO group including POSCO Coated & Color Steel Co Ltd POSCO International POSCO Steeleon Co Ltd and SeAH Coated Metal Corporation. Compared with preliminary findings KG Dongbu and KG Steel saw their rate reduced from 5.49 percent while Hyundai Steel’s rate increased from 0.80 percent and the POSCO group’s rate rose from 2.68 percent indicating differentiated adjustments across major Korean exporters.
The review also confirmed that SeAH Steel Corporation had no entries exports or sales of subject CORE merchandise during the period so Commerce formally rescinded the review for this company. For other producers and exporters the finalized rates will guide cash deposit requirements and duty assessments on 2022 shipments influencing Korean mills’ pricing strategies for US bound corrosion resistant volumes in 2025 and beyond. The spread between 2.27 percent and 4.02 percent across named companies underscores varying levels of countervailable subsidy exposure and may shift buying preferences among US service centers and OEMs seeking to balance cost supply security and trade compliance.
U.S. manufacturing added about 3,000 jobs in June, a modest gain that contrasts sharply with the 15,000 job cuts recorded a year earlier, according to Bureau of Labor Statistics data highlighted by Manufacturing Dive. Revised figures show the sector actually lost 3,000 jobs across April and May, underscoring how small June gains sit against a backdrop of recent contraction. The employment index in the Institute for Supply Management’s June PMI remained below expansion territory at 49.7%, reinforcing that manufacturers are still cautious on hiring even as headline job numbers tick upward.
Beneath the topline improvement, job changes varied widely across subsectors, with fabricated metal products adding roughly 3,400 positions while plastics and rubber products shed about 3,200. Manufacturing unemployment climbed slightly to around 550,000 workers, yet May job openings jumped about 32% year over year to 529,000, suggesting firms are pruning current headcount while keeping roles posted as demand and cost pressures fluctuate. Separations eased to 277,000, with 180,000 quits and 77,000 layoffs and discharges, indicating churn is cooling even as manufacturers continue to navigate high input prices, tariff concerns, and geopolitical uncertainty.
Industrial robot installations in the United States rebounded strongly in 2025, rising 11% to about 38,000 units after two consecutive years of decline, according to preliminary data from the International Federation of Robotics cited at Automate 2026. Automotive remained the primary demand engine, accounting for more than a third of new robots, while food production and a broad, non-manufacturing segment logged growth rates of roughly 30% and 41%, respectively, signaling rapid expansion of materials handling, mobile and arm-based automation beyond traditional factory floors. With this performance, 2025 ranked as the third-strongest year on record for U.S. robotics, trailing only 2018 and 2022, and pushed robot density to around 302 units per 10,000 manufacturing workers, placing the country eighth globally.
Global industrial robot installations climbed about 15% to a record 621,000 units last year, with Asia capturing roughly 79% of deployments, Europe 13%, and the Americas 9%. Looking ahead, IFR remains bullish on North American robotics demand, pointing to reshoring initiatives, persistent skilled labor shortages, and high turnover as structural drivers for more automation investment across warehousing, e-commerce logistics, life sciences, defense, construction, and food processing. In the first quarter of 2026, material handling robots already represented about 60% of all North American orders, underscoring how rapidly robotics is becoming embedded in supply chain and production workflows across sectors.
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The U.S. Department of Commerce has initiated a circumvention inquiry into certain corrosion-resistant steel products completed in Thailand using Chinese-origin hot-rolled or cold-rolled steel and then exported to the United States. The proceeding examines whether these Thai-finished flat-rolled CORE products are effectively bypassing existing antidumping and countervailing duty orders on corrosion-resistant steel from China, which have been in place since earlier trade remedy actions. As part of the initiation, Commerce is defining the scope to cover flat-rolled steel clad, plated, or coated with corrosion-resistant metals, including zinc and aluminum-based alloys, whether or not further processed by corrugating, painting, laminating, or other surface treatments.policyrisk
This inquiry signals heightened scrutiny on supply chains that route Chinese steel through third countries, and it could lead to extended duties that capture Thai-processed CORE made from Chinese substrate. Importers and downstream manufacturers face potential cash deposit requirements and continued suspension of liquidation if Commerce preliminarily finds circumvention, with statutory timelines guiding a preliminary determination within months of the Federal Register notice. For U.S. steel producers, the action aligns with ongoing efforts to preserve the effectiveness of existing trade remedies, ensuring that prior antidumping and countervailing duty orders on Chinese corrosion-resistant steel are not undermined by indirect export strategies.
American Iron and Steel Institute data for June 2026 shows that U.S. mills have trimmed weekly raw steel production slightly from recent highs, though overall output remains higher than a year earlier. Capability utilization has dipped modestly from early June peaks, yet continues to sit near the low‑80 percent range, indicating that producers are still running at relatively strong rates despite the week‑to‑week slippage.
Year to date figures point to a solid rebound in domestic steelmaking, with total tonnage up by more than six percent compared with the same period in 2025 as mills respond to firmer demand in core markets such as construction, automotive, and energy. Even with the recent cooling in the weekly numbers, trade groups say the industry’s overall trajectory is one of disciplined strength rather than a sharp slowdown, as producers adjust output incrementally instead of cutting capacity on a large scale.
The United States is expected to announce that it will not renew the U.S. Mexico Canada Agreement, triggering a structured timeline that could bring the long standing North American trade framework to an end by 2036. The move activates a built in review process while officials from all three countries prepare for renewed negotiations over the future of the pact. Despite the announcement, discussions will continue, with a focus on revising key provisions rather than immediately dismantling the agreement.
Current negotiations highlight major disagreements, particularly around automotive manufacturing rules and efforts to limit indirect access for Chinese goods. The U.S. is pushing for higher domestic content requirements, while Mexico appears open to compromise on stricter standards. Canada remains on the sidelines of formal talks for now, as separate trade tensions persist. Although uncertainty surrounds the outcome, all parties appear aligned on the need to reshape the agreement rather than abandon it outright.
U.S. Steel is committing roughly 475 million dollars to install a new quench and temper line at its Fairfield Tubular Operations in Alabama, significantly expanding its ability to produce higher grade, heat treated tubular products for the energy and industrial markets. The investment is aimed at strengthening domestic supply of oil country tubular goods and other premium pipe, positioning the facility to capture growing demand for American made steel in drilling and infrastructure projects.
The project also includes upgrades to plant infrastructure and employee amenities, plus a new training center that incorporates virtual reality tools to improve both technical skills and safety readiness. Once the line is completed and ramped up, U.S. Steel expects efficiency gains, greater product consistency, and more flexibility in its tubular product mix, with full production targeted before the end of the decade.
U.S. Steel is moving forward with a new hot strip mill at its Edgar Thomson plant in the Mon Valley, a line that will replace rolling equipment dating back to 1938. President and chief executive officer David Burritt said the project is designed to expand the steelmaker’s rolling capabilities and modernize a facility that has operated for decades, positioning the Pittsburgh-area works for higher-quality output as the company integrates investment plans tied to its Nippon Steel ownership.
Steel Dynamics is finding strong early demand for its new aluminum business, with chief executive officer Mark Millett reporting that customers are not just accepting the company’s aluminum but actively embracing it. The comments signal momentum for Aluminum Dynamics as Steel Dynamics builds out flat-rolled aluminum capacity, a diversification move that extends the producer beyond steel and into a market where domestic supply remains tight.
SSAB Americas has partnered with The Greenbriar Companies and Alter Trading on a circular economy initiative aimed at keeping recycled material moving back into domestic steelmaking. The project is structured so recycled inputs can be used to produce green steel and then return to the supply chain for new production, linking a steelmaker, a railcar and logistics firm, and a scrap processor in a closed-loop model that supports lower-carbon output and reinforces scrap-based EAF production.
POSCO and Hyundai Motor have launched a joint research project with eight other industry and research partners to develop next-generation electrical steel sheets for electric vehicles and motor technologies. The effort focuses on 6.5 percent silicon-content wide electrical steel and aims to improve EV motor efficiency through integrated work on materials, core fabrication, drive motors, and real-vehicle validation.
The project is supported by South Korea’s Ministry of Trade, Industry and Energy and managed by the Korea Evaluation Institute of Industrial Technology. POSCO is leading the consortium, which the companies say could strengthen the country’s steel and automotive supply chains while supporting competitiveness in the global EV market.
The French National Assembly voted again on June 11 to nationalize ArcelorMittal France, passing the bill with 106 votes in favor and 49 against. The legislation, led by La France Insoumise lawmakers, would transfer ownership of ArcelorMittal’s French steel operations to the state and establish an administrative commission to determine the acquisition value.
The bill previously passed in November 2025 but was rejected by the Senate in February 2026. It now faces another Senate review, though the French government opposes nationalization and ArcelorMittal rejects the proposal. Without Senate approval or government support, the measure remains far from becoming law despite its symbolic significance for France’s industrial policy.
Steel Dynamics, Inc. (SDI) has commissioned SMS group to comprehensively upgrade the process automation system at its hot strip mill in Butler, Indiana—replacing aging hardware and legacy models from the mill’s original 1993 installation with state-of-the-art X-Pact® Level 2 technology. The new system integrates advanced process models, modern ProconTEL-based communication architecture, and the intuitive X-Pact® Vision webHMI to enable high-precision rolling, improved strip geometry control, and consistent product quality. Additional upgrades include the X-Pact® PSC® model for optimized rolling schedules and the X-Pact® PCFC model for enhanced profile, contour, and flatness control in the finishing mill, while the CSC cooling model will ensure reproducible material properties and proper strip temperatures. First coil production with the modernized system is scheduled for late 2026, with the Final Acceptance Certificate targeted for early 2027.
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