Steel Products
Final Thoughts
Written by John Packard
March 4, 2013
On Monday Steel Market Update will begin our next steel market survey. This will be the first for the month of March. Invitations should go out at approximately 8 AM ET. This will be an interesting week as we watch scrap prices, mill lead times and for evidence that the domestic mills will be serious with their most recent price increase announcements.
Our market survey will provide us a much deeper look into the psychology and opinions driving the market. We will report our findings later this week.
As always your business is truly appreciated.

John Packard
Read more from John PackardLatest in Steel Products

Northwest Pipe changes name to NWPX Infrastructure
Northwest Pipe changes name to NWPX Infrastructure.

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.