{"id":20376,"date":"2026-10-27T10:44:49","date_gmt":"2026-10-27T10:44:49","guid":{"rendered":"https:\/\/metarexllcco.com\/?p=20376"},"modified":"2026-10-27T10:44:53","modified_gmt":"2026-10-27T10:44:53","slug":"united-states-steel-ferrous-products-and-ores","status":"publish","type":"post","link":"https:\/\/metarexllcco.com\/index.php\/2026\/10\/27\/united-states-steel-ferrous-products-and-ores\/","title":{"rendered":"United States | Steel, ferrous products and Ores"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/i2HTdc0Forn8\/v1\/-1x-1.webp\" alt=\"\"\/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-1\"><strong>United States <\/strong>| <strong>HRC reaches its highest level since May 2022<\/strong><br>The Midwest HRC index reached $1,305 per short ton on October 23, up 2.58% week on week.<br>The US South index separately set a record of $1,290.80 per short ton on October 21.<br>Strong demand, limited spot availability and maintenance outages supported the increases.<br>Import HRC rose to $1,110\u20131,180 per short ton DDP Houston in the October 21 news assessment.<br>Buyers increasingly sought overseas material, while domestic lead times remained approximately eight to ten weeks.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list has-black-color has-text-color has-link-color has-medium-font-size wp-elements-2\">\n<li class=\"has-black-color has-text-color has-background has-link-color has-small-font-size wp-elements-3\" style=\"background-color:#faf7ef\"><strong>United States <\/strong>| <strong>CRC and coated-steel prices rise amid tight supply<\/strong><br>Cold-rolled coil increased to $1,520 per short ton on October 22.<br>Cold-rolled-base galvanized coil reached $1,540, while hot-rolled-base galvanized coil reached $1,520 per short ton.<br>Galvalume separately rose $50 during October to $1,430 per short ton, its twelfth consecutive monthly increase.<br>CRC and HDG benefited from healthy demand, limited spot tonnage and extended delivery times.<br>Galvalume buyers reported weaker residential demand despite rising replacement costs and producer backlogs.<br>Trade-duty developments also complicated coated-steel imports and increased concerns about future landed costs.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list has-black-color has-text-color has-link-color has-medium-font-size wp-elements-4\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-5\"><strong>United States | Tube producers announce $100-per-short-ton increases<\/strong><br>Atlas Tube, Bull Moose Tube and Nucor announced increases for hollow sections and related tubular products.<br>The latest increases were generally $100 per short ton on new orders.<br>Nucor and Atlas protected qualifying existing orders scheduled for shipment through November 20.<br>The October 22 assessment for 4\u00d74 HSS remained $2,110\u20132,210 per short ton before the increases took effect.<br>Participants expected acceptance because of higher HRC costs, strong demand and tight tube availability.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list has-black-color has-text-color has-link-color has-medium-font-size wp-elements-6\">\n<li class=\"has-black-color has-text-color has-background has-link-color wp-elements-7\" style=\"background-color:#faf7ef\"><strong>United States | Wire rod increases take hold<\/strong><br>Domestic industrial-quality low-carbon wire rod reached $1,110\u20131,230 per short ton on October 20.<br>The increase reflected mills\u2019 $30-per-short-ton pricing moves.<br>Nucor and Optimus announced increases, while sources reported similar action from Liberty Steel.<br>Available imported wire rod remained at $950\u20131,040 per short ton loaded truck Houston.<br>Limited domestic supply and extended lead times strengthened producers\u2019 negotiating position.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list has-black-color has-text-color has-link-color has-medium-font-size wp-elements-8\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-9\"><strong>United States <\/strong>| <strong>Plate prices climb as mills sell out available tonnage<\/strong><br>Domestic cut-to-length plate increased to $1,560 per short ton on October 20.<br>Strong demand and low inventories continued to limit buyers\u2019 options.<br>Sources said many mills were largely sold out of spot material for the rest of 2026.<br>Some buyers were waiting for January order books to open before receiving quotations.<br>Lead times were approximately eight to twelve weeks, with participants expecting continued tightness into 2027.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list has-black-color has-text-color has-link-color has-medium-font-size wp-elements-10\">\n<li class=\"has-black-color has-text-color has-background has-link-color wp-elements-11\" style=\"background-color:#faf7ef\"><strong>United States | Rebar holds gains as construction demand supports orders<\/strong><br>Domestic rebar remained at $980 per short ton on October 21.<br>Imported rebar for immediate delivery held at $890\u2013930 per short ton loaded truck Houston.<br>Earlier $30-per-short-ton mill increases had been accepted in transactions.<br>Higher scrap costs, infrastructure projects and data-centre construction supported the market.<br>Lead times were six to eight weeks, although some buyers expected a seasonal slowdown approaching winter.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list has-black-color has-text-color has-link-color has-medium-font-size wp-elements-12\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-13\"><strong>United States | Insteel warns of wire rod deficit as earnings fall<\/strong><br>Insteel estimated the US domestic wire rod supply deficit at approximately 1.3 million tons.<br>The company said tariffs and other trade measures made overseas sourcing more difficult.<br>Fiscal fourth-quarter net earnings fell to $7.7 million from $14.6 million a year earlier.<br>Sales increased 17.9%, but higher feedstock, freight and operating costs reduced margins.<br>Infrastructure and data-centre projects supported demand, without fully offsetting rising production costs.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list has-black-color has-text-color has-link-color has-medium-font-size wp-elements-14\">\n<li class=\"has-black-color has-text-color has-background has-link-color wp-elements-15\" style=\"background-color:#faf7ef\"><strong>United States and Japan \u2014 US Steel approves nearly $3 billion Mon Valley investment<\/strong><br>US Steel approved Nippon Steel\u2019s investment in a new hot-strip mill at the Edgar Thomson Plant.<br>The project will increase Mon Valley capacity from 2.2 million to 3.5 million tons.<br>Initial production is expected in late 2029, with construction dependent on necessary permits.<br>New furnaces and slab-sizing technology are intended to improve efficiency and reduce waste and energy use.<br>The investment forms part of Nippon Steel\u2019s wider modernization commitments for US Steel.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list has-black-color has-text-color has-link-color has-medium-font-size wp-elements-16\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-17\"><strong>United States \u2014 Steel Dynamics reports record quarterly shipments<\/strong><br>Steel Dynamics shipped a record 3.8 million short tons during the third quarter.<br>Net income reached $756 million on revenue of $6.5 billion.<br>Its mills operated at approximately 92% utilization, above the broader domestic industry average.<br>Executives cited strong order books, lean inventories and limited imports as support for continued market strength.<br>The company also warned that planned fourth-quarter industry outages could remove substantial HRC supply.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list has-black-color has-text-color has-link-color has-medium-font-size wp-elements-18\">\n<li class=\"has-black-color has-text-color has-background has-link-color wp-elements-19\" style=\"background-color:#faf7ef\"><strong>United States \u2014 Cleveland-Cliffs strengthens earnings and revises operating plans<\/strong><br>Cleveland-Cliffs reported third-quarter adjusted EBITDA of $612 million, compared with $286 million in the previous quarter.<br>Steel shipments increased to 4.2 million net tons, supported by higher prices and strong orders.<br>The company forecast further earnings growth, including approximately $715 million of adjusted EBITDA in the fourth quarter.<br>Customers sought more 2027 contract tonnage, while Cliffs shifted agreements toward minimum-volume take-or-pay commitments.<br>The Burns Harbor C furnace reline was postponed from mid-2027 to April 2028.<br>That future 90-day outage is expected to remove approximately 500,000 tons of production.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list has-black-color has-text-color has-link-color has-medium-font-size wp-elements-20\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-21\"><strong>United States \u2014 Reliance profits more than double<\/strong><br>Reliance reported third-quarter net income of $402.9 million, compared with $189.5 million a year earlier.<br>Revenue increased to $5.21 billion, while shipments reached a record 1.87 million tons.<br>Higher steel prices and increased shipments for the US border-wall project supported earnings.<br>Data centres, energy infrastructure and other non-residential construction also contributed to demand.<br>Management expected healthy fourth-quarter conditions, although several steel products remained difficult to source.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list has-black-color has-text-color has-link-color has-medium-font-size wp-elements-22\">\n<li class=\"has-black-color has-text-color has-background has-link-color wp-elements-23\" style=\"background-color:#faf7ef\"><strong>United States \u2014 Nucor expands utility-structures manufacturing<\/strong><br>Nucor plans to invest $60 million in its Towers &amp; Structures facility in Trinity, Alabama.<br>The expansion will add production capacity, storage space and a dedicated galvanizing inspection area.<br>The investment responds to rising demand for steel poles and utility infrastructure.<br>Its location beside Nucor\u2019s Decatur sheet mill supports the supply of steel feedstock.<br>The company is also constructing a Utah facility expected to begin operations in 2027.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list has-black-color has-text-color has-link-color has-medium-font-size wp-elements-24\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-25\"><strong>United States \u2014 Weekly steel output and utilization increase<\/strong><br>US raw steel production reached 1.87 million short tons in the week ended October 17.<br>Output increased 4.1% from the previous week and 8.6% year on year.<br>Capacity utilization rose to 80.9%, compared with 77.8% one week earlier.<br>Adjusted year-to-date production reached 75.632 million short tons, up 5.3%.<br>The South remained the largest producing district, followed by the Great Lakes region.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list has-black-color has-text-color has-link-color has-medium-font-size wp-elements-26\">\n<li class=\"has-black-color has-text-color has-background has-link-color wp-elements-27\" style=\"background-color:#faf7ef\"><strong>United States \u2014 Domestic scrap strengthens while export trading stalls<\/strong><br>Strong mill demand encouraged shredders to increase feedstock purchasing prices.<br>Midwest shredder feed rose to $207.46 per gross ton on October 19.<br>Some suppliers expected further November increases, although these remained market expectations rather than settlements.<br>Meanwhile, no fresh East Coast export sales had been recorded since September 25.<br>New York export indices rose because estimated freight costs fell, rather than because new higher-priced cargoes traded.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list has-black-color has-text-color has-link-color has-medium-font-size wp-elements-28\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-29\"><strong>United States and India \u2014 Pig iron prices firm as Indian shipments surge<\/strong><br>The US pig iron benchmark increased $5 to $500\u2013530 per tonne on October 19.<br>Indian pig iron arrivals reached 230,085 tonnes in August, up 25.2% month on month.<br>Brazilian shipments fell sharply over the same period to 92,347 tonnes.<br>Competitive Indian offers increased purchasing alternatives for US mills.<br>The price premium between pig iron and prime busheling scrap narrowed, affecting feedstock purchasing decisions.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"567\" height=\"189\" src=\"https:\/\/metarexllcco.com\/wp-content\/uploads\/2026\/08\/METAREX-NEWS-AGENTS-LOGO1.jpg\" alt=\"\" class=\"wp-image-18968\" style=\"width:247px;height:auto\" srcset=\"https:\/\/metarexllcco.com\/wp-content\/uploads\/2026\/08\/METAREX-NEWS-AGENTS-LOGO1.jpg 567w, https:\/\/metarexllcco.com\/wp-content\/uploads\/2026\/08\/METAREX-NEWS-AGENTS-LOGO1-400x133.jpg 400w, https:\/\/metarexllcco.com\/wp-content\/uploads\/2026\/08\/METAREX-NEWS-AGENTS-LOGO1-430x143.jpg 430w, https:\/\/metarexllcco.com\/wp-content\/uploads\/2026\/08\/METAREX-NEWS-AGENTS-LOGO1-150x50.jpg 150w\" sizes=\"(max-width: 567px) 100vw, 567px\" \/><\/figure>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[79,82],"tags":[],"class_list":["post-20376","post","type-post","status-publish","format-standard","hentry","category-iron","category-general"],"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"Author","author_link":"https:\/\/metarexllcco.com\/index.php\/author\/ghazizadeh\/"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/metarexllcco.com\/index.php\/category\/iron\/\" rel=\"category tag\">Ferrious<\/a> <a href=\"https:\/\/metarexllcco.com\/index.php\/category\/general\/\" rel=\"category tag\">General<\/a>","rttpg_excerpt":null,"_links":{"self":[{"href":"https:\/\/metarexllcco.com\/index.php\/wp-json\/wp\/v2\/posts\/20376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/metarexllcco.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/metarexllcco.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/metarexllcco.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/metarexllcco.com\/index.php\/wp-json\/wp\/v2\/comments?post=20376"}],"version-history":[{"count":1,"href":"https:\/\/metarexllcco.com\/index.php\/wp-json\/wp\/v2\/posts\/20376\/revisions"}],"predecessor-version":[{"id":20377,"href":"https:\/\/metarexllcco.com\/index.php\/wp-json\/wp\/v2\/posts\/20376\/revisions\/20377"}],"wp:attachment":[{"href":"https:\/\/metarexllcco.com\/index.php\/wp-json\/wp\/v2\/media?parent=20376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/metarexllcco.com\/index.php\/wp-json\/wp\/v2\/categories?post=20376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/metarexllcco.com\/index.php\/wp-json\/wp\/v2\/tags?post=20376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}