Steel Products
Correction
Written by John Packard
February 15, 2013
Our apologies to SSAB and our readers–the earnings for SSAB reported Sunday by SMU were in error. The corrected figures are as follows: Operating loss of 665 million SEK in Q4 of 2012 ($104 million) compared with a operating profit of 50 million SEK ($7.82 million) in Q4 of 2011 and for the whole year an operating loss of 96 million SEK ($15 million) compared with an operating profit of 2,512 million SEK ($393 million) in 2011.

John Packard
Read more from John PackardLatest in Steel Products

Tariffs, ample domestic supply cause importers to shift or cancel HR import orders
Subdued demand is causing importers to cancel hot-rolled (HR) coil orders and renegotiate the terms of shipments currently enroute to the US, importers say. An executive for a large overseas mill said customers might find it difficult to justify making imports buys after US President Donald Trump doubled the 25% Section 232 tariff on imported steel […]

Drilling activity slows in the US, grows in Canada
Oil and gas drilling activity was mixed this week, according to Baker Hughes. US totals slipped for a sixth straight week, while Canada saw a slight bump in activity.

Commerce finds no Korean OCTG shipments below market value
US Department of Commerce (Commerce) review found no South Korean oil country tubular goods (OCTG) exporters or producers sold products below market value

Drilling activity slows further in US and Canada
Oil and gas drilling activity declined again this week in both the US and Canada, according to Baker Hughes.

SMU Community Chat: Zekelman calls for more support for steel consumers
“Unless the administration actually gets serious about levelling the playing field… for consumers of steel, then everything they've done on the steel side is useless."