Steel Blog

U.S. Steel reportedly still plans to construct a new continuous galvanizing line (CGL) at its PRO-TEC Coatings Co. subsidiary in Leipsic, Ohio. In doubt is whether joint venture partner Kobe Steel will still be involved.

A U.S. Steel spokesperson told the Northwest Indiana Times on Friday that "U.S. Steel remains committed to our new Advanced High Strength Steel CGL.” Steel Market Update has reached out to U.S. Steel for comment.



ALREADY A SMU MEMBER? SIGN IN BELOW:

*Note: If you see your subscription information above, please renew or upgrade your membership to read the full article.

The pace of the slide affecting flat rolled and plate steel prices quickened this past week. Steel Market Update (SMU) analyzed the price movements reported by Platts, SteelBenchmarker and SMU and found that almost every product was lower by the end of the week than it was the previous week.



ALREADY A SMU MEMBER? SIGN IN BELOW:

*Note: If you see your subscription information above, please renew or upgrade your membership to read the full article.

License Data Indicates Stubborn Import Market

Thursday, 12 October 2017 14:53

The expectation has been for a huge swing lower in the amount of flat rolled foreign steel imports coming into the United States in October. The industry is waiting for the combination of the drying up of the surge of orders placed to “beat” any Section 232 duty and the impact of higher world steel prices, which has made foreign steel less competitive in the U.S.

One of the items that was anticipated was that the Section 232 review on steel recommendations would be provided to President Trump by Department of Commerce Secretary Wilbur Ross at the end of June, and then the announcement on any duties/quotas would be made potentially as early as July 2017. As we all know, the recommendations from Ross and any presidential decision have been put off until after tax reform has been passed by the U.S. Congress.

So, what has been happening with foreign steel imports over the past two years? The data is quite telling.



ALREADY A SMU MEMBER? SIGN IN BELOW:

*Note: If you see your subscription information above, please renew or upgrade your membership to read the full article.

Demand for Steel Sheet Continues to Expand

Sunday, 15 October 2017 14:17

Demand for steel sheet products continued to expand through August. This report summarizes total steel supply by product from 2003 through August 2017 and year-on-year changes. It then compares domestic mill shipments with total supply to the market. It quantifies market direction by product and enables a side-by-side comparison of the degree to which imports have absorbed demand. Sources are the American Iron and Steel Institute and the Department of Commerce with analysis by Steel Market Update.

Apparent supply is a proxy for market demand. Demand momentum for sheet products in total was positive in three months through August, but individual products varied. Cold rolled, HDG and electrogalvanized were positive. Hot rolled was slightly negative and other metallic coated (mainly Galvalume), which continued to have very strong growth, slowed.



ALREADY A SMU MEMBER? SIGN IN BELOW:

*Note: If you see your subscription information above, please renew or upgrade your membership to read the full article.

Comparison Price Indices: Mixed

Sunday, 08 October 2017 12:31

Steel Market Update (SMU) found steel prices mixed this past week on not only our own index, but also that of Platts. In the past, we have seen this when there is limited buying due to a slowdown in business or in relationship to an expansion of inventories.



ALREADY A SMU MEMBER? SIGN IN BELOW:

*Note: If you see your subscription information above, please renew or upgrade your membership to read the full article.

Flat Roll Lead Times Inch Down

Thursday, 05 October 2017 17:46

Flat rolled steel lead times have shortened up slightly since mid-September, according to the service centers and manufacturers who responded to Steel Market Update’s market trends questionnaire this week. Lead time, which is the amount of time it takes for the domestic steel mills to produce a new order from the time the order was placed, is a rough indicator of the demand trend. The longer the lead time, the busier the mill and the stronger the demand. On average, flat rolled lead times are now less than four weeks for hot rolled, right at six weeks for cold rolled, a bit longer than six weeks for galvanized and a bit under six weeks for Galvalume.



ALREADY A SMU MEMBER? SIGN IN BELOW:

*Note: If you see your subscription information above, please renew or upgrade your membership to read the full article.

Flat rolled steel prices slipped across the board this past week. All three steel indexes followed by Steel Market Update (SMU) saw prices as being down from as little as $1 per ton to as much as $20 per ton.



ALREADY A SMU MEMBER? SIGN IN BELOW:

*Note: If you see your subscription information above, please renew or upgrade your membership to read the full article.

As was mentioned in the previous issue of Steel Market Update, foreign steel imports for September continue to trend toward another 3.0 million net ton month based on SMU analysis of import license data. If imports come in around 3.0 million tons it would be the lowest level since February 2017 when total steel imports were 2.7 million net tons.



ALREADY A SMU MEMBER? SIGN IN BELOW:

*Note: If you see your subscription information above, please renew or upgrade your membership to read the full article.

U.S. Steel, Kobe to Expand PRO-TEC Galv Line

Tuesday, 26 September 2017 11:02

U.S. Steel and Kobe Steel announced plans to expand the galvanizing line at their joint venture PRO-TEC Coating Co. in Leipsic, Ohio.

Construction will begin in the fourth quarter on a new continuous galvanizing line in response to demand for advanced high-strength steels. The $400 million CGL will have a yearly capacity of 500,000 tons and is expected to begin production in 2019. The line, utilizing a proprietary process, will coat AHSS steel that automakers need to meet safety and fuel efficiency standards.



ALREADY A SMU MEMBER? SIGN IN BELOW:

*Note: If you see your subscription information above, please renew or upgrade your membership to read the full article.

Flat rolled steel prices have begun to uniformly move lower based on what we have been collecting for steel price averages from ours and other steel indexes. Both Platts and Steel Market Update (SMU) had benchmark hot rolled as moving lower by $10 per ton this past week. Cold rolled prices were $10 lower on our steel index, while Platts remained the same. SMU also saw galvanized and Galvalume prices as $10 and $5 per ton lower, respectively. SMU also saw a large drop in steel plate prices last week.



ALREADY A SMU MEMBER? SIGN IN BELOW:

*Note: If you see your subscription information above, please renew or upgrade your membership to read the full article.

Page 1 of 45