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
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.