Steel Products
January Apparent Steel Supply Down 1.74% Over Prior Year
Written by John Packard
March 13, 2013
Domestic mill shipments declined in January 2013 compared to the same month one year earlier. Shipments fell by 3.38 percent. Imports also declined in January 2013 versus January 2012 by 7 percent, led by a 22 percent drop in semi-finished (slabs, billets). Exports during the month of January were 14.64 percent lower than last year. Apparent steel supply came in at 9,286,330 tons which was 1.74 percent lower than last year. The U.S. continues to be a net importer by slightly more than 1.5 million tons.
John Packard
Read more from John PackardLatest in Steel Products
US rig count slips, Canada ticks higher
ncreases through September, according to the latest Baker Hughes rig count data.
CRU: EC to toughen steel safeguards
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.