BALTIMORE, Md., January 1, 2013 – MoveTran, LLC will begin operations to provide transloading and logistical services for steel coil, aluminum, pipe, tube and other types of products in the Northeastern and Mid-Atlantic regions. MoveTran recently acquired a 206,700-square-foot warehouse that offers customers rail and truck access as well as easy transport for transatlantic shipments […]
According to Baker Hughes data from December 28th, 2012, the U.S rig count for this week is 1,763 rigs exploring for or developing oil or natural gas. This number represents a decrease of 11 rigs from last week. Compared to last year the 1,763 count is a decrease of 244 rigs. Canadian rigs decreased by […]
The American Iron & Steel Institute (AISI) reported their estimated raw steel production data for the week ending December 22, 2012. According to AISI estimates the U.S. steel industry produced 1,840,000 net tons of raw steel last week. This represents an increase of 0.7 percent compared to the week earlier but is 1.2 percent lower […]
Of the 33,512,516 net tons of total imports projected by Steel Market Update to be received into the United States during calendar year 2012 some 7,584,955 net tons are forecast to be semi-finished. Semi-finished products include slabs, billets and blooms – however, the vast majority of them are slabs being imported by the domestic steel […]
Based on total projected imports of 33,512,516 net tons for calendar year 2012, imports for this year will be at the highest level since the recession began. The last year imports exceeded what we are projecting based on US DOC license data through December, was 2006 when the U.S. received 45,273,023 net tons. Based on […]
Hot rolled coil average $655 per ton according to Steel Market Update (SMU) monthly average price assessments. SMU was $1 off the CRU ($656 per ton) monthly settlements against the CME HRC contract once all the numbers had been crunched. For those who are unaware, SMU publishes our indices on Tuesdays prior to the CRU […]
The month of December was best illustrated by the SMU Price Momentum Indicator which spent the entire month stuck in Neutral as flat rolled spot prices essentially moved sideways through the month. Whether using our index or the CRU price assessments, the monthly average on hot rolled was very close to where prices were measured […]
Most of the month of December was spent treading water as flat rolled prices essentially ended the month where they began as the market searched for a clear direction. The discussion for the entire month had been the same as what it has been over the past twenty-four hours – the fiscal cliff and the […]
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 […]