Category: Sheet

US steel exports held steady from January to February and remain near historical lows.

Sheet and plate prices increased yet again this week on an increasingly tight spot market. It's gotten so tight that some market participants say they're becoming more concerned about availability than about price.

Ken Simonson, chief economist for The Associated General Contractors of America (AGC), will join SMU for a Community Chat webinar on Wednesday, April 15, at 11 a.m. ET.

Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,045 per short ton (st), a $5/st bump from last week.

Remember the “Got Milk?” advertising campaign of the 1990s. Maybe we should start a “Got Steel?” campaign. Or maybe “Got Spot Tons?” would be more accurate, if less catchy.

What a local media report described as an "explosion" on Friday night at U.S. Steel's Gary Works in Northwest Indiana has not disrupted production or resulted in any injuries, that company said.

Steel imports remain near some of the lowest volumes recorded in over five years.

Sheet market participants said they expect hot-rolled coil prices to continue to rise. A Midwest service center source said some mills are not taking spot orders. And even on the contract side, certain mills are “keeping customers at the ‘middle’ of their contract buys to help get lead-times back into shape,” he said. That’s a […]

U.S. Steel and the United Steelworkers filed anti-dumping and countervailing duty petitions with the US Department of Commerce and the US International Trade Commission on Thursday.

The Middle East conflict continues to be the principal factor in rising prices, as its impact is now being felt throughout the supply chain. Coated sheet prices have borne the larger brunt of the impact. This is despite...

The US Court of International Trade (CIT) has upheld the Commerce Department’s decision to apply adverse facts available to Nippon Steel in the 2018-2019 administrative review of hot-rolled steel from Japan.

More people expect hot-rolled (HR) coil prices to continue to climb. And most respondents to our last survey predict that prices will hit or even breach the $1,100 per short ton (st) threshold.

Sheet and plate prices continued to hold steady or tick upward once again this week. And the factors behind the gains are familiar ones: limited spot tonnage, stable demand, limited import competition, and outages (planned or otherwise) at domestic mills.

Nucor plans to increase its list price for hot-rolled (HR) coil to $1,040 per short ton (st), up $5/st from last week.

The price gap between US hot-rolled coil (HR) and landed offshore product tightened this week.

Steel mill production times for sheet and plate products remain at or near multi-year highs, according to buyers responding to our latest market survey.

Most steel buyers report that mills are not willing to negotiate on new order spot prices, according to our latest market survey. Mill negotiability is now down to one of the lowest rates measured in over a year.

The Commerce Department has launched another duty circumvention inquiry targeting coated steel imports at the request of two US mills.

Sheet and plate prices were flat or modestly higher this week, continuing a trend we’ve seen since the beginning of Q4. The big question: How much longer can the trend hold?

Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,035 per short ton (st), a $10/st bump from last week.

CR imports from Germany, Italy, and Japan on a landed basis remain much more expensive than domestic product. But South Korean imports remain competitive, in theory, even with the 50% Section 232 tariff.

Most steel buyers see prices continuing to inch higher on stable or improving demand. But some are concerned higher energy prices stemming for the Iran war could dent the overall economy.

The price gap between US hot-rolled coil (HR) and landed offshore product remained within a tight band this week. The dynamic continues as both stateside and offshore prices have trended higher.

North American auto assemblies gained ground in February, up more than 8% vs. January, but still down more than 4% year on year (y/y), according to GlobalData.

The galvanized sheet market continued to tighten in March as distributors and service centers reported firm demand, low inventory levels, and rising transportation costs. Participants on the monthly HARDI sheet metal and air-handling call on Wednesday described a market defined by constrained supply and steady upward pricing pressure.

Sheet prices continue to inch higher. And people who once thought hot-rolled coil (HR) prices couldn’t go above $1,000 are now saying $1,100 doesn’t seem out of the question.

The pace of sheet and plate price increases slowed this week, with most products holding at some of the highest levels seen in over a year.

Mexico’s Ministry of Economy issued a preliminary ruling in its anti-dumping case on hot-rolled steel from China and Vietnam. The government found evidence of price discrimination and imposed provisional duties on a wide range of hot-rolled flat products, including coils, sheet, strip, and plate.

As spot prices for hot- and cold-rolled coils edge higher, mill capacity utilization rates hover below 80%, raising concern among some market participants.  

Steel mill lead times extended to multi-year highs on both sheet and plate products this week.