Metals

In June, SMU reported a decrease in the Current Sentiment Index for scrap, but an increase in Future Sentiment, as per the latest data from their ferrous scrap survey. This information provides valuable insights for American industry and workers involved in metals production and supply chains.

U.S. steel production for the week ending May 30, 2026, totaled 1,872,000 net tons with a capacity utilization rate of 81.1%, marking an 8.8% increase year over year. Year-to-date production is up 6.8% compared to 2025, reflecting steady growth in American steel manufacturing.

According to CRU, US domestic steel prices are increasing due to resilient demand and tight supply. Sheet and plate prices have gone up in the past month, while long products prices have remained stable. This trend is relevant to American industry and workers as it reflects ongoing challenges in the steel market.

Recent data indicates that US trade policy, particularly the USMCA review process, has led to increased domestic steel production and decreased steel imports. Members of the Steel Manufacturers Association are investing significantly in modern steelmaking capacity, highlighting the importance of continuing to support these achievements for American industry and workers.

According to CRU, US domestic steel prices are on the rise as demand remains strong amidst tight supply. Sheet and plate prices have increased while long products prices have remained stable, with some types edging higher. This development is relevant to American industry and workers, showcasing the resilience of domestic demand in the face of limited imports.

According to CRU, US domestic steel prices have continued to increase due to resilient demand and tight supply. The rise in prices has been particularly notable for sheet and plate products, while long products have remained mostly stable. This trend could have implications for American industry and workers, reflecting ongoing market conditions.

According to the American Iron and Steel Institute (AISI), domestic raw steel production has increased to the highest weekly output rate since March 2020. This uptick in production is a positive sign for American industry and workers, indicating a potential boost in manufacturing and steel-related sectors.