Steel Products
NLMK USA Revenues Drop in 2nd Quarter
Written by Sandy Williams
August 19, 2013
NLMK reported USA revenue of $314 million in the second quarter down from $362 million in Q1. The company noted lower demand from the US construction sector and general deterioration of market conditions in Europe and the USA along with industry oversupply.
North American steel sales dropped to 432,000 tonnes (476,190 tons) from 473,000 tonnes in Q1 and 610,000 tonnes in Q2 2012. US sales included 268,000 tonnes of hot rolled coil (295,419 net tons), 110,000 tonnes of cold rolled coil (121,254 net tons) and 51,000 tonnes of “prepainted” steel (believed to mean coated or HDG steel = 56,217 net tons). Steel making capacity out of NLMK Indiana was at 87 percent compared to 88 percent in the first quarter of 2013.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
Asian HR remains much cheaper than US, EU product
Domestic hot-rolled (HR) coil prices were flat this week after declining seven of the last nine weeks. Offshore prices have also eroded in recent weeks, though not nearly as significantly as in the US.
Galv buyers less optimistic about short-term market
“It was a little more of a seller's market as contractors seemed to be protecting themselves against a potential run up in prices," one buyer said.
SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]
US, offshore CRC prices continue to fall
US cold-rolled (CR) coil prices were down again this week, slipping six weeks in a row and seeing the sharpest drop-off since last July.
Asian HR remains much cheaper than US, EU product
Domestic hot-rolled (HR) coil prices fell this week, now down seven of the last eight weeks.