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 activity in the US picked up over the past week, while drilling in Canada slowed, according to the latest Baker Hughes rig counts.
Earlier this week, SMU polled steel buyers on an array of topics, ranging from market prices, demand, and inventories to tariffs, imports, and evolving market events.
Imports from Europe are at parity with domestic hot rolled, while Southeast Asian products remain at a considerable discount. The result comes because a stateside rally coincides with faltering offshore prices.
Hot-rolled coil spot market participants told SMU they see no evidence of the market softening in the near term.
Cleveland-Cliffs plans to upgrade its ironmaking process at Middletown Works, according to a permit filing with the Ohio EPA.