US #steel market news - @SPGCIMetals for latest: US hot-rolled coil prices bounce back 18% as raw materials spike Nucor $NUE SSAB both raise US plate prices - SSAB through a raw material surcharge Domestic prime scrap prices increase nearly $200/gt CMC, SDI hike rebar $100/st

$CLF Cleveland-Cliffs applied for an air permit for an EAF in Ohio. A company spokesperson said it was "a possibility for a distant future." Their CEO on distant futures from Q1 2021 call: "There is only one certainty about 2060, all of us that are on this call will be dead."

US #metals pricing has soared on geopolitical events, supply chain strains and overall uncertainty | okt.to/tHGNrU Russia, Ukraine accounted for 62% of American #pigiron imports in 2021. The war has removed significant supply of this feedstock for US-based steelmakers.

Steelmaker SDI says to halt Russian #pigiron imports after May cargo | okt.to/vdfYLi

Changing gears: Steel's shift to price indexation storymaps.arcgis.com/stories/33a89e… #StoryMaps via ArcGIS StoryMaps

In the financial world, all eyes are on the Federal Reserve and the interest rate hikes they are about to impose in the name of tamping down inflation. Worth looking back at what that fight against inflation meant to Pittsburgh... 1/? 🧵

Booked in March - Arrives in June. How US steelmakers reacted to massive supply shock from Russia's war with Ukraine starting to become more evident. US lands first Chinese pig iron cargo since 2010 spglobal.com/commodityinsig…

Rising export prices to Turkey has narrowed the gap below $100/mt to US shredded scrap prices, providing a sentiment boost to domestic sellers heading into July trading this week.

Exciting time to have Pipe Logix joining the Argus metals offerings! The OCTG markets continue to be extremely strong in the US and Pipe Logix has leading price assessments, analysis and forecasts needed in the space.

If you went to the pump & saw premium fuel prices less than regular unleaded, why wouldn't you fill your tank with the higher quality gasoline? This is similar to what we are seeing in the US ferrous scrap markets, with prime grades at or below shredded scrap. Read more below:

Join Argus on December 1 as myself and Blake Hurtik examine key spreads on steel and raw materials in the US market and discuss things to look out for heading into 2023. view.argusmedia.com/US_Steel_and_S…

There is still time to register for this week's webinar. Blake Hurtik and I will be discussing some key pricing fundamentals in the US steel and scrap markets. The event is free and will be on Thursday, Dec. 1. Register here: lnkd.in/gNZ8sn9k

Update on the webinar (available on demand) from the beginning of the month.

Looking to be an early adopter of Argus Media Global Steel? Through Jan. 20 we are offering interested parties the chance to get free access for up to six weeks. It will includes benchmark prices, news alerts & customizable workspaces. Follow link below: view.argusmedia.com/GlobalSteel.ht…

lnkd.in/gN_k9tYR Latest white paper put together on the US hot-rolled coil market for Argus Metals Argus Media

Exciting to see Argus ferrous scrap prices get used for indexation in industrial accounts. More and more market participants view Argus as an essential index provider for physical contracts. #steel #scrap #Commodities argusmedia.com/en/news/242677…

Steel Dynamics’ CFO Theresa Wagler notes the company’s decarbonization plan is driven by 3 main factors: regulations, investors & customers. Funding availability may also be a driver for others as banks could restrict lending based on emission standards. #GlobalSteelDynamicsForum

Day two at Global Steel Dynamics Forum. Nucor CEO Leon Topalian takes the stage to discuss the company’s ongoing investments, focus on decarbonization and production capabilities of EAF for auto quality steel.

Argus US HRC prices dipped to their lowest level of the year below $700/ton, against a backdrop of a looming UAW strike. Timing and structure of potential strike will decide the impact on steel prices. bloomberg.com/news/articles/… via Bloomberg