Product
February 20, 2013
Written by John Packard
During our mid-February steel survey we asked those taking the survey which company (or joint venture group) was the best “fit” for the Calvert, Alabama facility of ThyssenKrupp Steel? Here are the non-binding opinions of the first two days of our survey:
Nippon Steel is making good on the big capex promises it made to secure its purchase of United States Steel Corp. This week, the Japanese company and American steelmaker together unveiled various capital investments they plan to make across U.S. Steel’s footprint.
The gap between US hot band prices and imports narrowed slightly. But with the 50% Section 232 tariffs, most imports remain more expensive than domestic material.
ArcelorMittal Dofasco and Stelco joined recent moves by US mills to push sheet prices higher.
Most sheet prices inched up again this week following mill efforts to set a floor under tags and to increase them from there.
SunCoke Energy’s earnings declined in the third quarter as weaker domestic coke sales and contract economics weighed on results.