Analysis
November 7, 2013
Final Thoughts
Written by John Packard
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Latest in Analysis
Tepid sheet market conditions preceded wintry weather mix: Sources
Participants in the hot- and cold-rolled coil markets said winter storms in the East and Midwest may disrupt weekly order volumes and prices.
CRU: South Korean ship maker may help Algoma build steel mill
This news item was first published by CRU. To learn about CRU’s global commodities research and analysis services, visit www.crugroup.com. Canada’s Algoma Steel signed a binding Memorandum of Understanding (MoU) with Hanwha Ocean to support Canada’s submarine program and Algoma’s diversification strategy. A new structural steel beam mill may result. Financial support, subject to conditions being […]
Final Thoughts
At SMU, we ask the big questions: To be or not to be? Hot band at a grand? On the one hand, whether hot-rolled coil price can or can’t go above $1,000 per short (st) is a silly argument. It’s just a number. On the other hand, round numbers are something that we tend to fixate on. They can be psychologically important to a market – even if they shouldn’t be.
Steelmaking raw material prices increase through January
All but one of the steelmaking raw materials we track increased in price over the last month
Steel execs praise Trump, call for firm hold on S232 ahead of USMCA review
A coalition of US steel industry CEOs has formally urged President Trump to maintain—and fully enforce—current Section 232 tariffs on steel and steel‑containing goods.