One of the analytical reports that Steel Market Update shares with our Premium Level subscribers is our flat rolled steel “Imports by Product, Port & Country” analysis. Once per month, Steel Market Update produces our analysis of the U.S. government import data and we break out hot rolled, cold rolled, galvanized and Galvalume,plates in coils […]
For those of you who would like to read the fact sheet sent out by the International Trade Administration (ITA) which contains the US Department of Commerce Final Determination on the OCTG trade case you can click on this link. As I mentioned in one of the above articles, Roger Schagrin of Schagrin Associates is […]
The SMU Steel Buyers Sentiment Index produced a new record high this week as those responding to our market questionnaire pegged Sentiment at +65. Sentiment is now +8 points higher than the +57 produced during the middle of June and is up +11 points from just one month ago. Last year at the beginning of […]
Buyers and sellers of flat rolled steel responding to this week’s Steel Market Update survey reported steel mills as continuing to be receptive to negotiating flat rolled steel prices. However, we are seeing a moderation in the numbers as only 70 percent reported hot rolled coil (HRC) prices as negotiable compared to 92 percent just […]
Steel Market Update is providing our Executive members access to Premium sections of our website as well as Premium supplement newsletters for the month of July. We are doing this in an effort to educate our customers on what is available at the Premium Level should you wish to upgrade to Premium Level membership at […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S was negative this week for the fourth week in a row after being in positive territory for the prior ten weeks. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current hot rolled coil (HRC) […]
I spoke with the International Trade Administration this afternoon (Thursday) and they advised me that the OCTG Final Commerce ruling announcement will come out between noon and 4 PM ET tomorrow. The deadline date is today, July 10th but the actual announcement is always made on the next business day. We will receive a copy […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S was negative this week for the third week in a row after being in positive territory for the prior ten weeks. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current hot rolled coil (HRC) […]
The fact that steel prices have been moderating and, in some cases, moving lower has not dented the enthusiasm buyers and sellers of flat rolled steel are showing based on the Steel Market Update Steel Buyers Sentiment Index. The latest market analysis produced during the middle of June is pegging Sentiment at +57, up 3 […]
Earlier today I learned that the deadline for offers to buy the assets connected to Severstal North America had been moved to July 11th. We originally reported the date as being July 2nd. None of the mills we contacted today were willing to share information about the bidding process or even if they had a […]
This month will be focused on foreign steel imports. The month will kick off on Thursday evening or Friday morning (July 10th or 11th) when the US Department of Commerce is slated to report their final determination regarding the oil country tubular goods (OCTG) dumping suits. This determination is critical to those mills who support […]
An explanation of the Key Indicators concept is given at the end of this piece for those readers who are unfamiliar with it. We have made two changes this month to try to make this even more representative of the market. Both the long and flat products shipment rows have been changed from “shipments” to […]
A reminder right up front that Steel Market Update will not publish on Thursday and Sunday evenings due to the 4th of July holiday here in the United States. We will return to our regular schedule beginning on Tuesday of next week. If, by chance, there is some breaking news which needs to be covered […]
With the 1st of July not coming until Tuesday and Friday being a holiday in the United States, I have decided to hold off our next flat rolled steel market analysis until next Monday, July 7th. That means we will produce our first survey for the month of July next week and then the second […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S was negative this week for the second week in a row after being in positive territory for the prior ten weeks. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current hot rolled coil (HRC) […]
We had some international reservations for our Steel Summit Conference this week and the pace of registrations appears to be picking up over the last couple of days. Thank you to those who are registering early. If you are having any issues with the registration process on our website or just have questions we are […]
Hello from Chicago, home of our first Managing Price Risk II: Strategies & Execution workshop. We have an excellent group in attendance and the program is going well. Tomorrow (Wednesday) is day 2 when we provide an opportunity to our attendees to do simulated trading based on profiles and directives that they have to meet […]
Last week Steel Market Update conducted our mid-June flat rolled steel market analysis. We sent invitations to slightly more than 600 companies which are involved in the flat rolled steel industries as buyers, sellers or toll processors of the steel. The participants in last week’s analysis came from the manufacturing industry (45 percent), service center/wholesalers […]
Flat rolled steel mill lead times continue to be extended compared to one year ago according to the results of the SMU steel survey completed late last week. Hot rolled lead times average 4.59 weeks, which is about the same as what was reported at the beginning of the month of June. One year ago […]
Based on the results of our survey from this past week, steel mills were actively discussing steel prices and our survey respondents were reporting mills as willing to negotiate pricing. When looking at hot rolled the percentage of respondents reporting mills as willing to negotiate pricing rose from 86 percent at the beginning of June […]
My hectic travel schedule continues as I go to Chicago on Monday afternoon as we will be conducting our new Managing Price Risk II: Strategies and Execution workshop on Tuesday and Wednesday of this week. The workshop instructor is Andre Marshall, CEO of Crunchrisk and one of our speakers at this year’s Steel Summit Conference […]
The fact that steel prices have been moderating and, in some cases, moving lower has not dented the enthusiasm buyers and sellers of flat rolled steel are showing based on the Steel Market Update Steel Buyers Sentiment Index. The latest market analysis is pegging Sentiment at +57, up 3 points from our last measurement conducted […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S turned negative this week after being in positive territory for the previous ten weeks. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current hot rolled coil (HRC) price movements against the previous 12-week average […]
I am going to start off today’s final thoughts with a shout out to one of our own, John Temples, who recently was interviewed by a Michigan Business Network radio station about Steel Market Update. You can listen to a replay of the interview by clicking on this link. For our Premium Level members, be […]
Hello from New York City. If you are in the steel industry and you have never attended a Steel Success Strategies conference (or been a lobby rat hanging out in the hotel lobby and talking to people as they pass in and out of the hotel) then you need to do it at least one […]
We have all been through them – the dreaded “Lobby Call” – that impersonal sales call in the office of a potential steel buyer in the hope of being able to spend a few moments of quality time and, instead, the interaction between salesman and buyer is relegated to the lobby of the company. The […]
By the time this newsletter is published I will be in New York City which by Monday afternoon will be crawling with steel and related industry people. There are a number of conferences, meetings and dinners surrounding the Steel Success Strategies conference which will be held during the first few days of this week. I […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S was positive this week for the tenth week in a row after being in negative territory for the prior ten weeks. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current hot rolled coil (HRC) […]
If you are in any way involved with analyzing risk within your company I have two suggestions: 1) Sign up for the Armada Executive Intelligence Brief and, 2) Come to our Steel Summit Conference in September when Dr. Chris Kuehl, one of the Managing Directors and founders of Armada Corporate Intelligence, will address our conference. […]
A short note to let our Premium Level members know that our Steel Market Update survey results are online and can be accessed on the website. If you need assistance accessing any of the Premium products on our website please let me or Brett@SteelMarketUpdate.com know and we will help you. We are also sharing this […]