Michael Cowden

In early April, Nucor took the unprecedented step of publishing its pricing for hot-rolled coil. Will it stabilize domestic steel pricing?

The magnitude of the volatility of hot-rolled coil is unique to the U.S. steelmaking industry. In the long term, that’s not likely to change.

Savvy sheet metal buyers apparently are waiting to see how much lower steel prices might go before pulling the trigger on major purchases.

National security concerns and opposition from the United Steel Workers could potentially derail Nippon Steel’s almost $15 billion offer for U.S. Steel.

Hot-rolled coil steel prices have been on a roller-coaster ride in 2023. That is likely to continue in 2024, but the swings won’t be as dramatic.

Steel prices continue to climb, meaning $1,000/ton for hot-rolled coil could be here for a while.

The future owners of U.S. Steel are not known as of now, but the end game for such a deal might not be a mystery.

Steel prices stopped their decline, leaving steel buyers and the rest of the metal manufacturing industry to wonder what will happen in the coming weeks.

Steel buyers are finally seeing steel prices fall from early 2023 price spikes, but now consumers continue to wonder where costs will bottom.

Steel buyers indicate that they don’t believe that the current price hikes of early 2023 will hold.

Steel industry observers can’t decide if demand for steel is real or if steel consumers are buying to minimize the impact of future price hikes.

Despite the current trend of increasing steel prices, market observers aren’t certain if the conditions exist for the trend to continue.

Mill-announced steel price hikes appear to have stuck for now, but 2023 leaves many asking if that will remain the case.