The American Iron & Steel Institute (AISI) recently reported final U.S. raw steel production estimates for the month of November 2016. The monthly estimates are different than the weekly estimates we report in our Tuesday issues; the AISI bases the monthly estimates on over 75 percent of the domestic mills reporting vs. only 50 percent […]
The Steel Market Update (SMU) Price Momentum Index (MoMo) for hot rolled steel in the United States remained positive for the eighth consecutive week, following a 17 week long negative streak. MoMo is a trailing indicator and shows the relationship between the current U.S. hot rolled coil price movements against the previous 12-week average price as […]
For the week ending December 31, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,592,000 net tons of raw steel, a 2.7 percent decrease over the previous week but a 7.2 percent increase over the same week one year ago (revised). The estimated capacity utilization rate is 67.1 percent, […]
According to Baker Hughes data from December 30, 2016, the U.S rig count for the week was 658 rigs exploring for or developing oil or natural gas. This is up 5 rigs compared to last week, with oil rigs up 2 to 525 rigs, gas rigs up 3 to 132 rigs, and miscellaneous rigs unchanged […]
The following calculation is used by Steel Market Update to identify the theoretical spread between foreign hot rolled export prices and domestic (USA) hot rolled prices. We want our readers to note that we have made a decision to replace SteelBenchmarker as the primary data provider of foreign hot rolled coil prices. We were finding […]
For the week ending December 24, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,636,000 net tons of raw steel, a 3.4 percent decrease over the previous week but a 10.2 percent increase over the same week one year ago (revised). The estimated capacity utilization rate is 69.0 percent, […]
The Steel Market Update (SMU) Price Momentum Index (MoMo) for hot rolled steel in the United States remained positive for the seventh consecutive week, following a 17 week long negative streak. MoMo is a trailing indicator and shows the relationship between the current U.S. hot rolled coil price movements against the previous 12-week average price as […]
The Steel Market Update (SMU) Price Momentum Index (MoMo) for hot rolled steel in the United States remained positive for the sixth consecutive week, following a 17 week long negative streak. MoMo is a trailing indicator and shows the relationship between the current U.S. hot rolled coil price movements against the previous 12-week average price as […]
For the week ending December 17, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,694,000 net tons of raw steel, a 1.2 percent increase over the previous week and a 14.1 percent increase over the same week one year ago (revised). The estimated capacity utilization rate is 71.4 percent, […]
Canadian shipments for all steel products in the month of November were 398,000 net tons, an increase of 11.6 percent from the month before and an increase of 11.3 percent from November 2015. Inventories at the end of the month stood at 1,087,700 tons, up 0.7 percent from last month but down 5.7 percent from […]
The following calculation is used by Steel Market Update to identify the theoretical spread between foreign hot rolled export prices and domestic (USA) hot rolled prices. We want our readers to note that we have made a decision to replace SteelBenchmarker as the primary data provider of foreign hot rolled coil prices. We were finding […]
According to the latest data released from the U.S. Department of Commerce and the American Iron and Steel Institute, apparent steel supply for the month of October 2016 was 8,338,361 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports, then subtracting total US steel exports. October apparent […]
The Steel Market Update (SMU) Price Momentum Index (MoMo) for hot rolled steel in the United States remained positive for the fifth consecutive week, following a 17 week long negative streak. MoMo is a trailing indicator and shows the relationship between the current U.S. hot rolled coil price movements against the previous 12-week average price as […]
For the week ending December 10, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,674,000 net tons of raw steel, a 2.4 percent increase over the previous week and a 12.7 percent increase over the same week one year ago (revised). The estimated capacity utilization rate is 70.6 percent, […]
Below is the latest release issued by the the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) regarding residential and commercial heating and cooling equipment shipments through October 2016. 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 2016 decreased 1.9 percent […]
According to Baker Hughes data from December 9, 2016, the U.S rig count for the week was 624 rigs exploring for or developing oil or natural gas. This is up 27 rigs compared to last week, with oil rigs up 21 to 498 rigs, gas rigs up 6 to 125 rigs, and miscellaneous rigs unchanged […]
The Steel Market Update (SMU) Price Momentum Index (MoMo) for hot rolled steel in the United States remained positive for the fourth consecutive week, following a 17 week long negative streak. MoMo is a trailing indicator and shows the relationship between the current U.S. hot rolled coil price movements against the previous 12-week average price as […]
For the week ending December 3, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,635,000 net tons of raw steel, a 2.3 percent increase over the previous week and a 9.5 percent increase over the same week one year ago (revised). The estimated capacity utilization rate is 68.9 percent, […]
According to Baker Hughes data from December 2, 2016, the U.S rig count for the week was 597 rigs exploring for or developing oil or natural gas. This is up 4 rigs compared to last week, with oil rigs up 3 to 477 rigs, gas rigs up 1 to 119 rigs, and miscellaneous rigs unchanged […]
The American Iron & Steel Institute (AISI) recently reported final U.S. raw steel production estimates for the month of October 2016. The monthly estimates are different than the weekly estimates we report in our Tuesday issues; the AISI bases the monthly estimates on over 75 percent of the domestic mills reporting vs. only 50 percent […]
The Steel Market Update (SMU) Price Momentum Index (MoMo) for hot rolled steel in the United States remained positive for the third consecutive week, following a 17 week long negative streak. MoMo is a trailing indicator and shows the relationship between the current U.S. hot rolled coil price movements against the previous 12-week average price as […]
For the week ending November 26, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,598,000 net tons of raw steel, a 0.5 percent decrease over the previous week but a 6.5 percent increase over the same week one year ago. The estimated capacity utilization rate is 67.4 percent, down […]
Metalforming companies are expecting a minor decline in business conditions during the next three months, according to the latest survey by the Precision Metalforming Association (PMA). The majority of the November survey respondents (79 percent) expect economic activity to remain the same or decline. Shipping levels were reported to be overall steady, with the average […]
According to Baker Hughes data from November 23, 2016, the U.S rig count for the week was 593 rigs exploring for or developing oil or natural gas. This is up 5 rigs compared to last week, with oil rigs up 3 to 474 rigs, gas rigs up 2 to 118 rigs, and miscellaneous rigs unchanged […]
For the week ending November 19, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,606,000 net tons of raw steel, a 1.6 percent increase over the previous week and a 7.1 percent increase over the same week one year ago. The estimated capacity utilization rate is 67.7 percent, up […]
Below is the latest release issued by the the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) regarding residential and commercial heating and cooling equipment shipments through September 2016. 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 2016 increased 16.1 percent […]
According to the latest data released from the U.S. Department of Commerce and the American Iron and Steel Institute, apparent steel supply for the month of September 2016 was 8,106,754 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports, then subtracting total US steel exports. September apparent […]
The following calculation is used by Steel Market Update to identify the theoretical spread between foreign hot rolled export prices and domestic (USA) hot rolled prices. We want our readers to note that we have made a decision to replace SteelBenchmarker as the primary data provider of foreign hot rolled coil prices. We were finding […]
Canadian shipments for all steel products in the month of October were 356,600 net tons, a decrease of 3.8 percent from the month before and a decrease of 6.1 percent from October 2015. Inventories at the end of the month stood at 1,080,600 tons, down 3.2 percent from last month and down 11.2 percent from […]
The Steel Market Update (SMU) Price Momentum Index (MoMo) for hot rolled steel in the United States turned positive this week, following a 17 week long negative streak. MoMo is a trailing indicator and shows the relationship between the current U.S. hot rolled coil price movements against the previous 12-week average price as a percentage. A […]