Market Segment
February 12, 2023
We are in moving into an interesting period here for spot markets for hot rolled coil.
Steel mills are driving hard for a further rally in the face of what appears to us to be weaker year over year demand and an overall challenging macro-economic backdrop, with interest rates likely to create headwinds this year as efforts to battle inflation continue.
The Department of Commerce thinks revoking the anti-dumping duty (AD) orders on cut-to-length carbon steel plate from China and Russia would lead to the recurrence of dumping at significant margins.
Algoma Steel Group Inc. expects the first heat from its second electric-arc furnace (EAF) in the coming days, even as it forecasts a quarterly EBITDA loss and a 20% decline in shipments.
Nucor said on Thursday evening it plans to increase plate prices by $60 per short ton (st) as it opens its November order book.
The results of the latest Steel Market Update (SMU) flat-rolled market survey are now available on our website to all premium members.
The Chicago Business Barometer rebounded in September, returning to expansion after slipping into contraction in August.