Based on our survey results from this past week, SMU found service center inventories have declined slightly from where they were at the beginning of January. Each service center is treated equally in our survey – we do not weigh the survey due to size. As of last week our average was 2.29 months worth of inventory is being held on the floors of those service centers responding to our survey. We believe this should indicate a slight decline in the MSCI numbers when they come out a little later this month.
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Active US rig count rises to 5-month high, Canada level
The number of active rigs in the US inched up to the highest level seen since September, according to the latest data from Baker Hughes.
US HRC is just $42/st more expensive than imports
The premium US hot-rolled coil (HRC) held over offshore product for roughly five months has nearly vanished. Domestic hot band prices continue to run downhill at a high rate, erasing a $300/st gap they had over imported HRC just two months ago.
Nucor slashes plate prices by $90/st
Nucor Corp. announced that its plate mill group would cut prices for as-rolled, discrete, and normalized plate with the opening of its April order book.
Leibowitz: The future of WTO dispute settlement in the MC 13 conference
This week, the World Trade Organization (WTO) ministerial conference convenes in Abu Dhabi, UAE. There are many issues on the WTO’s plate. The question is whether any resolution of these matters is likely or even possible. One of the most important issues is the future of the dispute settlement system, which has been rendered impotent […]
US rig count expands, Canada slips
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