Product
January 18, 2013
Domestic Mill Exports Fall Below 1 Million Tons
Written by John Packard
Exports at lowest levels since February 2011



Product
January 18, 2013
Written by John Packard
Exports at lowest levels since February 2011



Oil and gas drilling in the US was basically steady in the week ended March 20, based on Baker Hughes' latest report on the number of rotary rigs in operation. Drilling in Canada, however, continued to slide, with the country seeing a steep decline in its rig count.
Plate market sources say the week has been quiet, but that overall, business remains consistent.
As spot prices for hot- and cold-rolled coils edge higher, mill capacity utilization rates hover below 80%, raising concern among some market participants.
Steel mill lead times extended to multi-year highs on both sheet and plate products this week.
Most steel buyers report that domestic mills are unwilling to negotiate price on new sheet and plate spot orders.