Cataclysmic predictions for the price of hot-rolled coil were not on the menu at this year’s Steel Summit from Steel Market Update. Rather, the North American market is likely looking at a modestly softer pricing environment for the steel industry in 2025.

Advanced Gauging Technologies has received a two-gauge purchase order from California Steel Industries, Fontana, Calif. CSI is a Nucor company.

The steel plate market has slowed considerably in 2024. When will it rebound? (Photo by Leeco Steel)

At August's Steel Market Update Steel Summit, SMU chief Michael Cowden assembled a team of automotive experts to discuss the future of electric vehicles. But what about the present?

Momentum continues into 2024, with 12 service center M&A deals completed in the U.S. and Canada in the first half of 2024, and on track to eclipse the total (22) for 2023.

In April, Nucor took a major step in changing the landscape of steel pricing in the United States. The country’s largest steelmaker announced plans it would begin offering a weekly spot price to its customers.

Supply chain participants believe the attributes of coated metal products will drive growth in the near and long terms. (Photo courtesy Steel Dynamics Inc.)

At May’s AISTech event, representatives from the four largest steelmakers in North America, and one of their largest customers, gathered for the show’s annual town hall. They were asked to describe the steel industry in just one word, a question that produced an interesting array of answers.

Nucor Corporation will acquire Rytec Corporation, a manufacturer and seller of high-speed, high-performance commercial doors. The all-cash transaction is valued at $565 million.

Majestic Steel USA has completed construction of its new Arkansas service center and mass distribution facility. With four state-of-the-art processing lines fully operational and the facility strategically situated in the largest steel-producing region in the United States and on the Nucor Hickman campus, this milestone represents the beginning of a transformative journey in the steel industry, the company claimed.

Where is the U.S. economy heading? It depends on who you ask.

Nucor Corp., Charlotte, is introducing a weekly Nucor Consumer Spot Price to provide its customers with consistent and transparent communications regarding the company's hot-rolled coil spot pricing. Nuco issued the first CSP April 8.

Nucor Corp., Charlotte, N.C., has acquired Southwest Data Products Inc., a manufacturer and installer of data center infrastructure, for $115 million. SWDP's offices and manufacturing facility are in San Bernardino, Calif.

Ports of Indiana has broken ground on a project supported by a U.S. Marine Highway grant that will increase barge shipments of steel coils.

A construction downturn will undoubtedly hamper structural tubing in 2024. Will government spending come to the rescue?

The Nucor Corp. board of directors has approved $860 million to construct a new rebar 650,000-ton micro mill in the Pacific Northwest. The facility will be Nucor's fourth and largest micro mill, with approximately 50 percent more production capacity than the mill under construction in North Carolina.

Experts in the field of moving metal discuss the ins and outs of today’s flow of material through a service center.

The price of hot-rolled coil was on the ascent as 2023 drew to a close. The upswing probably won’t carry too far into 2024.