Steel Products

Free Webinar Wednesday as We Chat with Olympic Steel CEO
Written by Michael Cowden
April 12, 2021
Olympic Steel CEO Rick Marabito will be the featured speaker at the next SMU Community Chat on Wednesday, April 14, at 11 a.m. ET.
Marabito will bring a service center perspective to the current steel market in a one-on-one discussion with SMU. (Translation: This will not be death by PowerPoint.)
Topics will include infrastructure, supply chain disruptions stemming from COVID-19, and port congestion. The broader question: Will such issues result in more regional supply chains and better domestic steel demand?
We’ll also discuss M&A, the impact of high steel prices on inventory turns, credit, and the risks of long lead times.
Join us for this 40-minute webinar, which is free and open to all. Click here to register.
And if you’d like to listen to past Community Chats you may have missed, click here.

Michael Cowden
Read more from Michael CowdenLatest in Steel Products

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.

April service center shipments and inventories report
Flat rolled = 57.6 shipping days of supply Plate = 54.5 shipping days of supply Flat rolled US service centers’ flat-rolled steel supply edged up in April, as shipments slowed. At the end of April, US service centers carried 57.6 shipping days of supply, according to adjusted SMU data. This is up from 56.4 shipping […]