Steel Products
Final Thoughts
Written by John Packard
February 6, 2013
Our beginning of February steel market survey will continue until Thursday afternoon. If you have received an invitation please click on the link to the survey. All responses are kept confidential. I will send out a reminder email on Wednesday morning at 8 AM ET (which will also contain your personalized link to the survey).
For those companies thinking about sending employees to our Steel 101 workshop – we have about 3 spots left for the February 27-28 workshop in Columbus, Mississippi. Please contact our office if you need more details – 800-432-3475 or info@SteelMarketUpdate.com
As always your business is truly appreciated by all of us here at Steel Market Update.

John Packard
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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.