Steel Blog

U.S. Steel vs. Canada

Wednesday, July 22, 2009 10:56 PM Written by
Published in Blog
For those who don't know there is a little "tiff" between U.S. Steel (the mill) and Canada (the country located just north of Minnesota). The disagreement has to do with the idling of the former Stelco steel plants which U.S.Steel purchased in 2007 with the permission of the Canadian government.

Say What? Iron Ore Negotiations to Cause MORE price volatility?

Monday, July 20, 2009 10:43 AM Written by
Published in Blog
Say What?

MSCI reports shipments flat & inventories lower

Friday, July 17, 2009 1:49 PM Written by
Published in Blog
The Metal Service Center Institute (MSCI) officially reported today shipments out of U.S. and Canadian service centers continued to decline during the month of June. Here is a copy of the MSCI press release:

What's with the Chinese Detention of Rio Tinto Negotiator?

Tuesday, July 14, 2009 10:09 AM Written by
Published in Blog
Many of you are probably well aware of the detention of one of the negotiators for the Australian iron ore mining company - Rio Tinto. The Rio Tinto employee has been accused of stealing "state secrets" by the Chinese government. I asked one of my contacts in Asia what the steel people in China/Taiwan think is happening - this is the response I got:

Latest Domestic Steel Mill Price Increase

Saturday, July 11, 2009 7:37 PM Written by
Published in Blog
The most recent price increase announcement out of the domestic steel mills was made late last week by AK Steel. A copy of the announcement is below. Steel Market Update finds it interesting and advises our members to be careful since AK Steel has continued to be "reasonable" regarding price negotiations for orders being placed in August.

Scrap Pricing and Mini-Mill Steel Prices

Tuesday, July 07, 2009 11:38 AM Written by
Published in Blog
Besides watching flat rolled steel prices SMU likes to keep our eyes on the scrap markets as they are one of the key drivers of future steel pricing. This week saw increases in scrap prices on HMS (heavy melt), shredded scrap as well as prime grades such as number 1 busheling which Nucor uses as the benchmark for their flat rolled contract customers raw material surcharge.

Market Survey Graphs Now Available on Site

Friday, July 03, 2009 8:23 AM Written by
Published in Blog
Earlier this week (week beginning June 29th) Steel Market Update conducted a market survey of steel buyers and sellers. Our survey is done by invitation only to qualified buyers and sellers of flat rolled steel. The results of the survey are published in multiple areas of the site:

Developer Test

Monday, October 10, 2005 4:00 AM Written by
Published in Hot Rolled


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