Market Segment
March 15, 2023
Service Center Shipments and Inventories Report for February
Written by Estelle Tran
Flat Rolled = 52.2 Shipping Days of Supply
Plate = 45 Shipping Days of Supply
Latest in Market Segment
Fall outages squeeze already tight US plate market
The current plate market squeeze has been driven by improved demand and heightened import barriers, including 50% Section 232 tariffs. But the timing of fall outages—even if they were planned—is exacerbating the supply crunch.
Metalformers report tempered optimism in September
Metalformers’ optimism softened in the Precision Metalforming Association (PMA) September Business Conditions Report.
SMU Survey: Tight US flat-rolled market boosts buyer interest in foreign steel
SMU’s latest Flat-Rolled Steel Buyers Survey shows that in a tight US market marked by long lead times, low inventories, and rising prices, foreign products continue to gain the interest of domestic buyers.
AISI: US production retreats after early September surge
Domestic raw steel output fell to a six-month low last week after hitting a multi-year high one week earlier, according to the latest American Iron and Steel Institute (AISI) figures.
Louisiana OKs up to $1.3B in bonds for proposed Hyundai-POSCO mill
The proposed Hyundai-POSCO steel mill in Louisiana has been approved for up to $1.3 billion in bond financing, according to state records and local media reports.