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    Hot Rolled Futures: Paper Stuffin’


    SMU contributor Bryan Tice is a partner at Metal Edge Partners, a firm engaged in risk management and strategic advisory. In this role, he and the firm design and execute risk management strategies for clients along with providing process and analytical support. Prior to Metal Edge Partners, Bryan held a variety of commercial leadership roles involving purchasing, sales and risk management for Feralloy Corporation, Cargill Steel Service Centers and Plateplus Inc. You can learn more about Metal Edge @ www.metaledgepartners.com. Bryan can be reached at Bryan@metaledgepartners.com for queries/comments/questions.

    Nearly 28 years ago when I started my career in the steel business, much of the steel processing equipment lacked the technological advances seen in today’s modern processing lines. During my first several months of employment as a sales trainee in Detroit, I worked on the production floor learning the business from a “hands on” perspective. Back then it was common on slitting lines to stuff paper or cardboard in the outer mults of processed slit coil to compensate for the center to edge thickness variation and to ensure a tight wrap. I must admit, it was a little unnerving inserting small shims of cardboard by hand at the recoiler of a slitter running a few hundred feet per minute. Fortunately, technology and safety standards have evolved. 

    Latest in Prices

    Nucor increases spot HR to $1,240/ton

    Nucor said on Monday, Oct. 12, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,240 per short ton (st) this week, a $10/st increase from a week earlier. The CSP for HR coil from California Steel Industries (CSI) on the West Coast will be $1,305/st, up $15/st from the prior week. Nucor is still offering lead times of three to five weeks, according to the letter to customers. You can track mill price announcements on our website. Steel Market Update (SMU) published a weekly price assessment on Tuesday, Oct. 6, showing HR coil prices averaging $1,270/st, up $10/st from the previous week. We will update our prices on the evening of Tuesday, Oct. 13.

    Leibowitz: US steel prices skyrocket above world prices. Which are right?

    Steel markets in the United States now feature supply shortages. Spot tons are well-nigh unavailable, and even contract tons are scarce. Based on the available statistics, the US market for flat-rolled products is seriously constrained. The US economy is still the strongest in the world, and manufacturing output remains vigorous. But the available supply is tight. The reason is fairly obvious. US domestic supply has increased a bit. Meanwhile, imports have fallen significantly.