United States steel market — Week 2026-W41

The week’s principal steel-market evidence is a rise in the US producer price index for steel mill products, which increased from 374.793 in July 2026 O41 to 381.162 in August 2026 O40; this index is a supporting indicator, not a physical price. Steel wire PPI was nearly unchanged, at 383.200 in July O15 and 383.483 in August [O40 is steel mill; O14 is wire]. Iron ore PPI held at 217.112 in both July O28 and August O27. Scrap PPI declined from 589.583 in July O2 to 580.548 in August O1, after 597.581 in June O3 and 596.269 in May O4. Assessment: consecutive monthly steps in the steel mill products index rose across the supplied 2025–2026 observations O52O51O50O49O48O47O46O45O44O43O42O41O40.

Current news: Cleveland-Cliffs plans a 200 million investment to lift grain-oriented electrical steel output by up to 25% A2. US Wind relinquished its planned Sparrows Point monopile and tower site A1, removing prospective steel-intensive demand. Commerce set a 73.33% countervailing duty on Algerian carbon and alloy steel wire rod, with a CVD order issued A3. August steel imports rose 3.4% month on month but stayed below year-earlier year-to-date levels A6.

Confidence: medium Limitations: No physical steel transaction prices are supplied; only supporting indices and qualitative trade and project items are available.