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Steel has evolved alongside a modern world that demands increasingly exceptional performance from the historic alloy. The automotive industry, a driver of steel development, showcases this well. Cars built today utilize advanced high strength steels (AHSS) grades that can be four times as strong as high strength low alloy (HSLA steel) and ten times as […]

As companies seek ways to optimize their forming processes for improved quality and productivity, it’s common to look at equipment, steel purchases and tooling. Throughout the forming process, however, it is also critical to manage lubricants properly. Correct lube application helps metal forming equipment run smoothly and consistently, ensuring efficient production and high-quality draws.  Unfortunately,

The steel market is currently navigating through a period of fluctuating prices, driven by temporary and fundamental factors. As of the latest reports, hot rolled coil prices are hovering around $700 per ton, depending of the index referenced. Nucor’s Consumer Spot Price (CSP) currently sits at the higher end reaching $730 per ton. These weekly

If your company has recently decided to nearshore or reshore, you are not alone. Recent research conducted by Deloitte shows that 89% of companies are looking to apply these strategies in the coming years. Given the supply chain disruptions over the past few years and ongoing trade disputes with China, the appeal of shifting some

The market continued downward as expected and has settled around $655/ton. Nucor’s Consumer Spot Price (CSP) has also fallen but now steady at $32.50/cwt. The major indices are in good agreement around this value suggesting a fairly stable market. The weekly numbers were unchanged this week even as many expected further erosion. The value represents

The market has continued its downward movement this month. Most market participants, including those responsible for publishing established indices, are searching for the actual market price. According to established indices, the price of hot roll coil currently sits between $700 and $720 per ton. This reflects a decrease of more than $65 per ton compared

Lightweighting – Going Beyond Automotive Lighweighting is a term that you’re likely familiar with when it comes to the automotive industry. Manufacturers rely on high strength low alloy (HSLA) steel  to reduce the weight of parts without sacrificing strength. In fact, by doubling the strength of the material, they can reduce the weight of a

Back in early March, the price of hot roll coil was at approximately $855 per ton in the US. In the period of 70 days since then, the market price decreased $80 per ton, rose $90 per ton, and then again declined by $50. It’s evident this market lacks a clear direction. Depending on the

It might seem that the difference in meaning between “steel sheet” versus “steel plate” would be fairly obvious; that there would be a simple thickness standard to differentiate between the two. Not so fast. Referring to steel as either plate or sheet is not just based upon thickness, but also upon processing parameters as defined

The end of year price run that carried through January has stalled and is in rapid decline. In mid-February the price tumble started after lasting more than 2 months above $1000 /ton. Depending on the index referenced, the current hot roll price is $755 to $810/ton after two mills announced price increases to stop the