Steel Products
December Imports Down 15%
Written by John Packard
January 28, 2013
December Imports Down 15%
Imports dropped by 377,746 net tons compared to the prior month. On a day’s adjusted basis December imports were 15 percent lower than November. Based on preliminary license data January imports are projected to be approximately 2.9 million net tons – well above both the 3-month and 12-month moving average.
Semi-finished (slabs) continued their strong showing during the month of December at 661,718 net tons. Hot rolled coil and cold rolled were also above their 3-month and 12-month moving averages while galvanized and Galvalume were not during December. However, for January all four flat rolled products are forecast to be above their 3-month and 12-month moving averages based on early license data (subject to revision).
John Packard
Read more from John PackardLatest in Steel Products
Ford Pauses Work on $3.5B Battery Plant: Report
Ford Motor Co. said on Monday that it has stopped work at its $3.5-billion project for an electric vehicle (EV) battery plant in Michigan, according to media reports.
USW Taps McCall as New President After Conway’s Passing
The United Steelworkers International (USW) executive board on Tuesday appointed David McCall as the union’s new international president. He will fill the remainder of Tom Conway’s term.
HARDI Members Bullish on Future
Despite economic headwinds in the headlines, the near-term future could prove brighter than expected, according to members of the Heating, Air-Conditioning & Refrigeration Distributors International (HARDI) speaking on the Tuesday, Sept. 26, meeting of its Sheet Metal/Air Handling Council.
AISI: Raw Steel Production Ticks Up
Domestic raw steel output was up slightly for the week ending Sept. 23, according to data released by the American Iron and Steel Institute (AISI) on Monday, Sept. 25.
Worldsteel: Global Output Slides in August
Global steel production tapered off in August vs. July, according to the latest figures from the World Steel Association (worldsteel).