Market Segment
March 3, 2014
Written by John Packard
The table below provides a quick look at the status of important commodity inputs used in the steel making or coating process (zinc and aluminum are used to make galvanized and Galvalume, etc.):
Plate market participants expect domestic producers to issue a $40-60 per short ton (st) price increase.
US-flagged iron ore shipments on the Great Lakes fell last year vs. 2024.
Baker Hughes' latest rig count report shows oil and gas drilling picked up in the US this week, but slowed in Canada. Oil drilling in both countries is down from last year, while gas drilling has picked up, mainly in the US.
November steel exports tumbled 15% from October to the lowest monthly export rate since July 2020.
Recent winter storms have impeded barge transportation along multiple Midwestern waterways, according to various transportation services. Likewise, U.S. Steel said it was facing challenging shipping conditions but does not expect customers to be impacted.