The U.S. rig count, an indicator of oil country tubular goods demand, was down for the week, but is up 23 percent year over year, according to Feb. 2 data from oilfield services company Baker Hughes. The number of active U.S. drill rigs fell by 1 to 946 rigs, with oil rigs up 6 to […]
Industry data through the end January, including drivers of steel prices, supply and demand, are all pointing up as the year got off to a strong start. As the month ended, the Steel Market Update (SMU) Price Momentum indicator was pointing to higher flat rolled steel prices over the next 30 to 60 days as […]
Steel imports into the United States declined by 10 percent in December, compared with the prior month, to 2.45 million net tons, according to preliminary Census data. This followed an 11.4 percent slide from October to November. But despite the late-year declines, annual steel imports increased by more than 15 percent in 2017. The American […]
The following calculation is used by Steel Market Update to identify the theoretical spread between foreign hot rolled steel import prices (delivered to USA ports) and domestic (USA) hot rolled coil prices (FOB Domestic mills). We want our readers to be aware that this is only a “theoretical” calculation as freight costs, trader margin and […]
January imports are trending higher than expected at 2.8 million net tons, similar to what was imported one year ago. This is a bit disappointing to many in the steel industry who were expecting total steel imports to drop as they did in November and December 2017. To get a more complete view, we look […]
Steel shipments by Canadian service centers in December totaled 280,100 net tons, down 29.8 percent from the previous month, and down 3.4 percent from December 2016, reports the Metals Service Center Institute (MSCI). On a daily basis, total shipments were 14,700 tons per day in December (a 20-day month), down from 19,000 tons per day […]
The U.S. Department of Commerce released import license data earlier today, which indicates that January steel imports are trending slightly higher than December’s 2,475,249 tons. Right now, based on the first 16 days of data, January is trending toward a 2.5 million to 2.7 million net ton month. Semi-finished imports (slabs/billets), which are purchased by […]
Apparent steel supply for the month of November totaled 8,723,547 net tons, according to the latest data from the U.S. Department of Commerce and the American Iron and Steel Institute. Apparent steel supply is calculated by adding domestic steel shipments and finished U.S. steel imports, then subtracting total U.S. steel exports. November apparent steel supply […]
The U.S. rig count, an indicator of oil country tubular goods demand, increased this week, according to Jan. 12 data from oilfield services company Baker Hughes. The number of active U.S. drill rigs rose by 15 to 939 rigs, with oil rigs up 10 to 752 rigs, gas rigs up 5 to 187 rigs, and […]
Below is the latest data released by the the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) regarding residential and commercial heating and cooling equipment shipments through November 2017. You may read the press release on their website here. Residential Storage Water Heaters U.S. shipments of residential gas storage water heaters for November 2017 decreased 3.4 percent, […]
The following calculation is used by Steel Market Update to identify the theoretical spread between foreign hot rolled steel import prices (delivered to USA ports) and domestic (USA) hot rolled coil prices (FOB Domestic mills). We want our readers to be aware that this is only a “theoretical” calculation as freight costs, trader margin and […]
Steel Market Update anticipates conducting five Steel 101 workshops during calendar year 2018. Our January workshop scheduled for Mobile, Ala., later this month is sold out. Steel Market Update’s next Steel 101: Introduction to Steel Making & Market Fundamentals Workshop will be held in Merrillville, Ind., on March 28-29, 2018. The two-day session will include […]
Foreign steel imports into the United States were almost five million net tons greater during 2017 than what was reported for 2016. The 13 percent rise in imports was primarily due to higher semi-finished (slabs/billets) being shipped to the domestic steel mills (+1,773,805 net tons). In addition, oil country tubular goods (OCTG) rose by 2,267,574 […]
Chinese steel trade data was recently released for the month of November 2017, providing updated data on iron ore imports, scrap imports and flat rolled imports and exports. Chinese imports of iron ore in November totaled 94,540,000 metric tons, an increase of 18.9 percent from the previous month, and an increase of 2.8 percent from […]
The weekly U.S. rig count, an indicator of oil country tubular goods demand, decreased this week, according to Jan. 5 data from oilfield services company Baker Hughes. The number of active U.S. drill rigs declined by 5 to 924 rigs, with oil rigs down 5 to 742 rigs, gas rigs unchanged at 182 rigs, and […]
The following calculation is used by Steel Market Update to identify the theoretical spread between foreign hot rolled steel import prices (delivered to USA ports) and domestic (USA) hot rolled coil prices (FOB Domestic mills). We want our readers to be aware that this is only a “theoretical” calculation as freight costs, trader margin and […]
The U.S. Department of Commerce (DOC) released updated import license data this evening. November license data continues to hover around 2.86 million net tons. Steel Market Update sees December license data trending toward 2.53 million net tons, down from our previous analysis of 2.64 million tons last week. Semi-finished imports were previously trending about 200,000 […]
Steel shipments by Canadian service centers in November totaled 398,900 net tons, up 1.8 percent from the previous month, and up 0.2 percent from November 2016, reports the Metals Service Center Institute (MSCI). On a daily basis, total shipments were 19,000 tons per day in November (a 21-day month), up from 18,700 tons per day […]
U.S. steel exports in October totaled 895,879 net tons (812,729 metric tons), down 0.8 percent over September, but up 17.0 percent from October 2016. Total exports have averaged around 880,000 tons over the last few months after reaching a 2.5-year high in May (1,006,087 tons). The total October export figure is below the three-month moving […]
The following calculation is used by Steel Market Update to identify the theoretical spread between foreign hot rolled steel import prices (delivered to USA ports) and domestic (USA) hot rolled coil prices (FOB Domestic mills). We want our readers to be aware that this is only a “theoretical” calculation as freight costs, trader margin and […]
Apparent steel supply for the month of October totaled 9,355,621 net tons, according to the latest data from the U.S. Department of Commerce and the American Iron and Steel Institute. Apparent steel supply is calculated by adding domestic steel shipments and finished U.S. steel imports, then subtracting total U.S. steel exports. October apparent steel supply […]
The weekly U.S. rig count increased this week, according to Dec. 8 data from oilfield services company Baker Hughes. The number of active U.S. drill rigs increased by 2 to 931 rigs, with oil rigs up 2 to 751 rigs, gas rigs unchanged at 180 rigs, and miscellaneous rigs unchanged at 0 rigs. Compared to […]
Below is the latest data released by the the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) regarding residential and commercial heating and cooling equipment shipments through October 2017. You may read the press release on their website here. Residential Storage Water Heaters U.S. shipments of residential gas storage water heaters for October 2017 increased 12.2 percent, […]
The following calculation is used by Steel Market Update to identify the theoretical spread between foreign hot rolled steel import prices (delivered to USA ports) and domestic (USA) hot rolled coil prices (FOB Domestic mills). We want our readers to be aware that this is only a “theoretical” calculation as freight costs, trader margin and […]
The following calculation is used by Steel Market Update to identify the theoretical spread between foreign hot rolled steel import prices (delivered to USA ports) and domestic (USA) hot rolled coil prices (FOB Domestic mills). We want our readers to be aware that this is only a “theoretical” calculation as freight costs, trader margin and […]
The weekly U.S. rig count increased this week, according to Nov. 17 data from oilfield services company Baker Hughes. The number of active U.S. drill rigs increased by 8 to 915 rigs, with oil rigs unchanged at 738 rigs, gas rigs up 8 to 177 rigs, and miscellaneous rigs unchanged at 0 rigs. Compared to […]
Steel shipments by Canadian service centers in October totaled 391,700 net tons, up 9.8 percent from the previous month, and also up 9.8 percent from October 2016, reports the Metals Service Center Institute (MSCI). On a daily basis, total shipments were 18,700 tons per day in October (a 21-day month), up from 17,800 tons per […]
Apparent steel supply for the month of September totaled 9,144,648 net tons, according to the latest data from the U.S. Department of Commerce and the American Iron and Steel Institute. Apparent steel supply is calculated by adding domestic steel shipments and finished U.S. steel imports, then subtracting total U.S. steel exports. September apparent steel supply […]
Below is the latest data released by the the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) regarding residential and commercial heating and cooling equipment shipments through September 2017. You may read the press release on their website here. Residential Storage Water Heaters U.S. shipments of residential gas storage water heaters for September 2017 increased 14.6 percent […]
U.S. steel exports in September totaled 903,388 net tons (819,541 metric tons), down 1.5 percent over August, but up 13.6 percent from September 2016. Total exports have averaged around 885,000 tons over the last few months after reaching a 2.5-year high in May (1,006,087 tons). The total September export figure is above both the three-month […]