Steel Products
Final Thoughts
Written by John Packard
February 4, 2013
A quick note to those who are new readers – the small “thumbnail” graphics in our articles are “clickable.” When you click on them they will expand to full size so you can examine them in more detail.
Today is Super Bowl Sunday – so we are going to publish a little earlier than normal so you can get your steel homework out of the way and then you can enjoy your family, friends and football (or the commercials and half time – the real reason some of us watch the game).
As always your business is truly appreciated – tell your friends and business associates about Steel Market Update – we are not ashamed to admit we could always use a few more good customers like you.
John Packard
Read more from John PackardLatest in Steel Products
US rig count slips, Canada ticks higher
ncreases through September, according to the latest Baker Hughes rig count data.
CRU: EC to toughen steel safeguards
The European Commission proposes cutting its steel import quota by almost half, with volumes exceeding the limit facing 50% duties. The region’s steel industry welcomes the move, while other steel-producing nations fear the consequences. CRU published an insight before this announcement, noting that more restrictive trade policy could significantly raise the cost of marginal supply […]
US and Canadian rig counts stabilize
US counts continue to hover just above historic lows, while Canadian figures remain comparatively healthy.
Plate market sources critique mill hikes amid current market conditions
Following spot market plate price increase notices issued by domestic mills this past week, participants are contemplating the rationale behind the increases and whether they will stick. Some sources anticipate that current market conditions will shift in November and believe the increases may set a new "pricing floor."
Oregon Steel Mills lifts plate prices by $60/ton
Oregon Steel Mills has joined other producers in announcing a price increase of at least $60 per short ton on steel plate.