Steel Products
Final Thoughts
Written by John Packard
August 14, 2013
On Monday we will begin our mid-August steel market survey. If you receive an invitation we hope you will spend a few minutes and click on the link provided in the invitation and respond to our questionnaire.
As mentioned late last week our Steel 101 workshop is sold out and we have at least one person on a waiting list. We will make an announcement regarding next year’s schedule in the coming weeks.
As mentioned in our first article regarding Mario Longhi becoming U.S. Steel’s next CEO his first challenge may well be the negotiations with the Lake Erie Works union which has been locked out by the company for a number of months. With the change in management and the union traveling to Pittsburgh we have to assume something will get done and an agreement will be made with the union. If that happens it would most likely be close to the end of September before the Lake Erie plant could be back to full production.
A quick reminder that most, if not all, of our graphics and tables included in our articles are “clickable” so you can see them in a larger format.
We continue to gather new testimonials for our new website. If you have some good words about Steel Market Update, our product and/or our people please send it to: John@SteelMarketUpdate.com. We thank you in advance for your kind words.
As always your business is truly appreciated by all of us here at Steel Market Update.
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.