Steel Blog

Hot Rolled Futures: Dull & Drifting

Friday, 30 November 2012 08:01

Written by: Andre Marshall, CEO of Crunch Risk, LLC.

Financial Markets:
 
Since I last wrote November 9th, the S+P is up about 3 percent (all of that in the last two days). In that same timeframe copper is up about 4 percent, while Crude is up about 2 percent and Gold is unchanged. The markets have rallied from



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Special 14-Month Offer For New SMU Members

Thursday, 29 November 2012 12:44

Here are the pricing options for our special 14 months for the price of 12 along with the cost savings for each level. The newsletter is currently delivered three times per week excluding U.S. holidays.



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SMU Price Momentum Indicator Adjusted to Neutral

Wednesday, 28 November 2012 12:16

Steel Market Update (SMU) has decided to adjust our Price Momentum Indicator from Higher to Neutral. At this time, we feel prices could trend sideways over the next few weeks – or move within a very tight range plus or minus until something happens which will assist in pushing the market in one direction or another – most likely by stimulating new orders and extending lead times or, by inhibiting orders and constricting lead times.



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The American Institute of Architects (AIA) released their much watched Billings Index just prior to Thanksgiving and the news was good for those involved in multi-family construction, mixed practice and institutional construction projects



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SMU Steel Buyers Sentiment Index Improves to +23

Wednesday, 21 November 2012 08:00

Buyers and sellers of steel expressed growing optimism according to the just released results of our index which is produced twice per month. Our benchmark Steel Market Update (SMU) Steel Buyers Sentiment Index rose by seven points to +23 according to the results of our most recent steel market survey.



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Construction Employment Declines In 28 States

Wednesday, 21 November 2012 07:57

Construction employment declined in 28 states from October 2011 to October 2012 even as 31 states and D.C. added jobs during the past month,



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Optima Specialty Steel announced that it has entered into a definitive agreement with ALJ Regional Holdings, Inc. to acquire 100% of KES Acquisition Company, which conducts business as Kentucky Electric Steel (KES). The company's



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The U.S. Commerce Department and the Russian government have reached a deal to revise a 1999 suspension agreement that will raise the minimum price for Russian hot-rolled steel sold in the United States.



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Written by: Bradley Clark, Director of Steel Trading, Kataman Metals

The AMM index printed November at 389.74 a nearly $55 increase from October. This price rise seemed to justify the recent upsurge in prices on the futures market as we enter the peak winter season for prices.



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Written by: Bradley Clark, Director of Steel Trading, Kataman Metals

Settlement prices this week on the CME U.S. Midwest Hot Rolled futures contract have extended gains with q1 periods benefiting the most from further price hike announcements.



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