The Steel Market Update (SMU) Price MoMo Index for hot rolled steel in the United States was positive this week for the second consecutive week, following a 21 week negative streak. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current U.S. hot rolled coil (HRC) price movements against the […]
Buyers and sellers of flat rolled steel are slowly beginning to feel better about their company’s prospects both now and into the future, according to the results of the Steel Market Update (SMU) flat rolled steel market analysis just completed earlier today. SMU is reporting current market sentiment as being up +1 point to +44. […]
We discussed mill lead times a little earlier this week based on the first two days of data received by our flat rolled steel market analysis (survey). We also reported on what we were seeing from the mills themselves last week when we went through and analyzed a number of the lead times being published […]
The Steel Market Update (SMU) Price MoMo Index for hot rolled steel in the United States was positive this week for the first time in 21 weeks. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current U.S. hot rolled coil (HRC) price movements against the previous 12-week average spot […]
An explanation of the Key Indicators concept is given at the end of this piece for those readers who are unfamiliar with it. The total number of indicators considered in this analysis is currently 36. We have made a change to our analysis this month by removing the capacity utilization of both the flat rolled […]
Spot lead times have begun to move out according to the lead time sheets shared with customers this week by their domestic mill suppliers. The most strength was seen in cold rolled and coated steels while hot rolled lead times remained stuck at 3-4 weeks in most cases. Steel buyers continue to prognosticate that there […]
On Friday, SMU was speaking with the CEO of a Midwest-based service center who was advising us that, in his opinion, based on the conversations he was having with his mill suppliers, we should expect more flat rolled steel price increases to come. The mills were already asking his company for more and the mills’ […]
The Steel Market Update (SMU) Price MoMo Index for hot rolled steel in the United States was negative (indicating lower prices) for the 17th consecutive week. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current U.S. hot rolled coil (HRC) price movements against the previous 12-week average spot price […]
The domestic steel mills began raising flat rolled steel prices late last week and into this week. We saw a mild rise in our hot rolled, cold rolled, galvanized and Galvalume indices as the domestic mills began to collect at least a portion of the announced increases. As we canvass the buyers and sellers of […]
Flat rolled steel lead times, according to those responding to this week’s market analysis questionnaire, have begun to move. The question now becomes will they continue to move and will they move out far enough to force buyers back into the market? Our respondents reported hot rolled lead times as having extended slightly from the […]
There was a significant change in the willingness of the domestic steel mills to negotiate pricing with their customers after the price announcements were made. According to the results of this week’s flat rolled market analysis conducted by Steel Market Update all products saw the percentage of those reporting the mills as willing to negotiate […]
On Friday Steel Market Update (SMU) adjusted our Price Momentum Indicator from Neutral to Higher. With almost all of the major mills now walking in step with one another (at least regarding the direction of prices from here if not the exact rate of change from where they were a couple of weeks ago), we […]
The Steel Market Update (SMU) Price MoMo Index for hot rolled steel in the United States was negative (indicating lower prices) for the 17th consecutive week. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current U.S. hot rolled coil (HRC) price movements against the previous 12-week average spot price […]
Steel Market Update (SMU) has been analyzing service center spot pricing based on reports from manufacturing and distribution respondents to our flat rolled steel market questionnaire. SMU canvassed the market last week and we believe that the results suggests an uptick in spot pricing will come soon. Manufacturing companies responding to our survey had 90 […]
The following article was written by Mario Briccetti of Briccetti & Associates, a Supply Chain consulting firm, and is also one of our instructors for Steel 101 as well as our Sales Training Workshop. Recently, in my series of articles, I have written about the coating cost of galvanized and Galvalume on flat rolled steel. […]
On Friday of this past week Steel Market Update (SMU) adjusted our Price Momentum Indicator from Lower to Neutral. This move is being made as we are seeing more evidence of the domestic steel mills taking a stand and either raising spot prices (especially on coated steels) or refusing to go any lower. As one […]
This morning, Steel Market Update (SMU) adjusted our Price Momentum Indicator from Lower to Neutral. This move is being made as we are seeing more evidence of the domestic steel mills taking a stand and either raising spot prices (especially on coated steels) or are refusing to go any lower. As one steel buyer put […]
Steel Market Update (SMU) Steel Buyers Sentiment Index continued its long slide as buyers and sellers of flat rolled steel are less optimistic this week regarding their company’s ability to be successful both in the existing (Current) market as well as three to six months into the future (Future). Respondents to our queries regarding Sentiment […]
The following lead times are averages generated out of the flat rolled steel market analysis we conducted beginning on Monday of this week. Actual mill lead times will vary from mill to mill and we always recommend that buyers speak to their mill representatives in order to obtain the most up to date lead times […]
Much like lead times, domestic mill spot price negotiations have been mired in the muck and not able to get any momentum going back to the spring of this year. Those responding to this week’s flat rolled steel market analysis are almost unanimous in their description of the willingness of the domestic mills to discuss […]
The Steel Market Update (SMU) Price MoMo Index for hot rolled steel in the United States was negative (indicating lower prices) for the 17th consecutive week. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current U.S. hot rolled coil (HRC) price movements against the previous 12-week average spot price […]
The month of November saw a continuation of lower flat rolled steel prices, Momentum and Sentiment as buyers and sellers struggle to find a bottom to what has become an extended slide going back to May 2015. November benchmark hot rolled prices (SMU average) Dropped $15 per ton during the course of the month and […]
As part of your Premium level service, Steel Market Update (SMU) analyzes the service center shipment and inventory data and provides a short term forecast for carbon flat rolled steel shipments, inventories and how they will impact pricing over the next four months. This is done through a proprietary model and the results provided are […]
An explanation of the Key Indicators concept is given at the end of this piece for those readers who are unfamiliar with it. The total number of indicators considered in this analysis is currently 36. Please refer to Table 1 for the view of the present situation and the quantitative measure of trends. Readers should […]
Last week Steel Market Update conducted our mid-November flat rolled steel market analysis. We invited slightly less than 600 individuals representing more than 550 companies to participate. Of those responding 44 percent were connected to manufacturing companies, 41 percent with service centers/wholesalers, 7 percent with trading companies, 4 percent with steel mills, 3 percent with […]
Twice per month Steel Market Update (SMU) canvasses buyers and sellers of flat rolled steels on a wide variety of topics. One area we probe is how they feel about their individual company’s ability to be successful in today’s economy (Current Sentiment) as well as what they think business conditions will look like three to […]
Twice per month, Steel Market Update (SMU) conducts an analysis of the flat rolled steel market from the perspective of active buyers and sellers of sheet and coil products. We invite approximately 560 companies to participate through the use of a questionnaire that we have been using since 2008. One of the areas probed is […]
Based on the results of this week’s flat rolled steel market analysis (survey) conducted by Steel Market Update (SMU) the flat rolled steel mills continue to aggressively pursue orders by negotiating spot prices on hot rolled, cold rolled, galvanized and to a slightly lesser extent, Galvalume. As you can see by the graphic shown below, […]
The Steel Market Update (SMU) Price MoMo Index for hot rolled steel in the United States was negative (indicating lower prices) for the 15th consecutive week. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current U.S. hot rolled coil (HRC) price movements against the previous 12-week average spot price […]
The Steel Market Update (SMU) Price MoMo Index for hot rolled steel in the United States was negative (indicating lower prices) for the 14th consecutive week. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current U.S. hot rolled coil (HRC) price movements against the previous 12-week average spot price […]