David Schollaert

Nucor Plate Group will maintain its previously announced fuel surcharge of $10 per short ton (st) for next month, effective on all shipments beginning July 1.

SMU’s Mill Order Index (MOI) recovered a bit in May, reclaiming some momentum lost the month prior. The result came as service center on-order volumes and new order entries continue to rise, according to our latest service center inventories data.

SMU’s Steel Demand Index ticked back up from late May, remaining in elevated territory, according to mid-June indicators.

SMU’s Steel Demand Index ticked back up from late May, remaining in elevated territory, according to mid-June indicators.

The price gap between US hot-rolled coil and landed offshore product narrowed further this week. Stateside prices are, on average, carrying a premium over imports.

Manufacturing activity in New York state increased modestly in June, easing after posting strong growth the month prior, according to the Empire State Manufacturing Survey.

SMU’s average price for domestic HR was $1,130 per short ton (st) this week, $15/st higher week over week (w/w). In offshore markets last week, prices were largely down, following a trend seen since late April.

It’s what we call: One ticket. Two conferences. One journey to gather steel and aluminum insight.

Cold-rolled (CR) coil prices ticked up in the US this week, as offshore prices mostly trended lower.

We are in full ramp-up mode here at Steel Market Update as we put the final touches on North America’s largest flat‑rolled steel industry gathering of the year.