Product
February 25, 2013
Correction – HRC Forward Curve Table
Written by John Packard
We had a typo in the HRC forward curve table which was in last Thursday evening’s SMU newsletter – October 2013 and November 2013 should have read $640 not $340…

Product
February 25, 2013
Written by John Packard
We had a typo in the HRC forward curve table which was in last Thursday evening’s SMU newsletter – October 2013 and November 2013 should have read $640 not $340…

Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,035 per short ton (st), a $10/st bump from last week.
Prices for iron ore, aluminum, pig iron, and shredded scrap have all risen in the last 30 days. Busheling scrap held steady, while zinc and coking coal declined.
The latest count of operational drilling rigs declined in both the US and Canada this week, according to recently released data from Baker Hughes.
CR imports from Germany, Italy, and Japan on a landed basis remain much more expensive than domestic product. But South Korean imports remain competitive, in theory, even with the 50% Section 232 tariff.
Atlas Tube, a Zekelman company, said it is expanding its Shuriken® structural nut keeper line.