Steel Blog

Sustained recovery in home prices was reported by the Standard & Poor’s/Case Shiller Home Price Indices released on December 26.



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Severstal North America made the following announcement in their press release:

DEARBORN, Mich. December 20, 2012 – Severstal North America, one of the largest steel producers in the U.S., has appointed Mr. Sachin Shivaram,



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Sentiment Improves as Demand Improves

Steel Market Update (SMU) Steel Buyers Sentiment Index jumped to its highest reading since the middle of August 2012.



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NAHB Index Shows Increasing Builder Confidence

Tuesday, 18 December 2012 16:43

The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) rose to 47 in December, indicating a growing builder confidence in the housing industry.



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AkzoNobel announced on Friday the sale of its North American Decorative Paints business to PPG Industries at a value of $1.05 billion



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Hot Rolled Futures: Now What?!

Monday, 17 December 2012 09:22

Written by: Andre Marshall, Crunchrisk LLC

Financial Markets:

In financial markets, we continue to creep up on this rally that started from that low in mid November. The S+P is 1422 and up about 5% from that low.



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SMU Begins Discussion About Their Price Indices

Wednesday, 12 December 2012 22:12

One of our articles in last Sunday evening’s newsletter struck a nerve. Two weeks ago, Steel Market Update spoke to the Association of Steel Distributors (ASD) and during the Q&A with those in attendance the topic of indexed pricing and the full range vs. indexed average was debated.



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DEARBORN, Mich. December 10, 2012 – Severstal North America appoints Mr. Saikat Dey Chief Strategy and Procurement Officer, effective December 15, 2012.



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On Wednesday of this week, John Packard, Publisher of Steel Market Update (SMU) spoke to the Chicago Regional Meeting of the Association of Steel Distributors (ASD).  There were more than 100 people in attendance as we discussed the situation at ThyssenKrupp Steel USA and their sister facility in Brazil (CSA).  We also discussed the pipe & tube market and if we expect dumping suits to be filed during 2013 on foreign imports of OCTG and line pipe.



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Written by: Bradley Clark, Kataman Metals

Busheling futures prices have retreated this week as the physical market for December is coming in sideways from last month. Obsolete scrap in the physical export market into Turkey is pricing lower as well.



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