According to Baker Hughes data from December 4, 2015, the U.S rig count for the week was 737 rigs exploring for or developing oil or natural gas. This is a decrease of 7 rigs compared to last week, with oil rigs down 10 to 545 rigs, gas rigs up 3 to 192 rigs, and miscellaneous […]
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 […]
For the week ending November 28, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,487,000 net tons of raw steel, a 4.8 percent decrease over the previous week and a 19.9 percent decrease over the same week one year ago. The estimated capacity utilization rate is 62.2 percent, down […]
It will soon be more expensive to export Chinese steel line pipe to Canada. Canada Border Services Agency released its preliminary determination on dumping and subsidization of steel line pipe exported from China and assigned provisional duties ranging from 71 percent to 396 percent. CBSA estimates that in 2014, 48.8 percent of carbon and alloy […]
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 […]
For the week ending November 21, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,562,000 net tons of raw steel, a 2.4 percent decrease over the previous week and a 15.8 percent decrease over the same week one year ago. The estimated capacity utilization rate is 65.3 percent, down […]
The American Iron & Steel Institute (AISI) recently reported final raw steel production estimates for the month of October 2015. The monthly estimates are different than the weekly estimates we report in our Tuesday issues; the AISI bases the monthly estimates on 75 percent of the domestic mills reporting vs. only 50 percent for the […]
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 […]
For the week ending November 14, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,601,000 net tons of raw steel, a 1.1 percent decrease over the previous week and a 13.7 percent decrease over the same week one year ago. The estimated capacity utilization rate is 67.0 percent, down […]
Canadian shipments for all steel products in the month of October were 422,400 net tons, a decrease of 6.5 percent from the month before and decrease of 18.3 percent from October 2014. Inventories at the end of the month stood at 1,355,300 tons, down 7.3 percent from last month and down 12.3 percent from the […]
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 2015. 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 2015 decreased 22.4 percent […]
According to Baker Hughes data from November 13, 2015, the U.S rig count for the week was 767 rigs exploring for or developing oil or natural gas. This is a decrease of 4 rigs compared to last week, with oil rigs up 2 to 574 rigs, gas rigs down 6 to 193 rigs, and miscellaneous […]
The following calculation is used by Steel Market Update to identify the spread between world hot rolled export prices as determined by SteelBenchmarker and domestic (US) hot rolled prices as published by SMU. Steel Market Update compares the world hot rolled export price to which dollars are added for freight, handling, trader margin, etc. The number […]
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 […]
According to the latest data released from the US Department of Commerce and the American Iron and Steel Institute, apparent steel supply for the month of September 2015 was 8,543,021 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports and subtracting total US steel exports. September supply […]
For the week ending November 7, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,618,000 net tons of raw steel, a 1.4 percent decrease over the previous week and a 12.8 percent decrease over the same week one year ago. The estimated capacity utilization rate is 67.7 percent, down […]
I am asked quite often what the differences are between Premium and your Executive level memberships. Over the next couple of weeks I am going to try point out what Premium receives above and beyond the Executive newsletter and website access. There are a number of special reports produced by Steel Market Update which Premium […]
September steel exports totaled 811,582 net tons (736,256 metric tons), down 1.8 percent over August and down 21.5 percent from September 2014. Total September figures are below both the thee month moving average (3MMA, average of July 2015 through September 2015 figures) and the twelve month moving average (12MMA, average of October 2014 through September […]
According to Baker Hughes data from November 6, 2015, the U.S rig count for the week was 771 rigs exploring for or developing oil or natural gas. This is a decrease of 4 rigs compared to last week, with oil rigs down 6 to 572 rigs, gas rigs up 2 to 199 rigs, and miscellaneous […]
The Steel Market Update (SMU) Price MoMo Index for hot rolled steel in the United States was negative (indicating lower prices) for the 13th 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 American Iron & Steel Institute (AISI) recently reported final raw steel production estimates for the month of September 2015. The monthly estimates are different than the weekly estimates we report in our Tuesday issues; the AISI bases the monthly estimates on 75 percent of the domestic mills reporting vs. only 50 percent for the […]
For the week ending October 31, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,641,000 net tons of raw steel, a 1.6 percent decrease over the previous week and a 10.8 percent decrease over the same week one year ago. The estimated capacity utilization rate is 68.6 percent, down […]
The following calculation is used by Steel Market Update to identify the spread between world hot rolled export prices as determined by SteelBenchmarker and domestic (US) hot rolled prices as published by SMU. Steel Market Update compares the world hot rolled export price to which dollars are added for freight, handling, trader margin, etc. The number […]
The Steel Market Update (SMU) Price MoMo Index for hot rolled steel in the United States was negative (indicating lower prices) for the 12th 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 […]
For the week ending October 24, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,667,000 net tons of raw steel, a 0.5 percent decrease over the previous week and a 9.4 percent decrease over the same week one year ago. The estimated capacity utilization rate is 69.7 percent, down […]
According to Baker Hughes data from October 23, 2015, the U.S rig count for the week was 787 rigs exploring for or developing oil or natural gas. This is unchanged overall compared to last week, with oil rigs down 1 to 594 rigs, gas rigs up 1 to 193 rigs, and miscellaneous rigs unchanged at […]
Chinese steel trade data was recently released for the month of September 2015, providing updated data on iron ore imports, scrap imports, and flat rolled imports and exports. Chinese imports of iron ore in September were 86,120,000 metric tons, an increase of 16.2 percent from the previous month and an increase of 1.7 percent from […]
The Steel Market Update (SMU) Price MoMo Index for hot rolled steel in the United States was negative (indicating lower prices) for the eleventh 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 […]
For the week ending October 17, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,675,000 net tons of raw steel, a 1.8 percent decrease over the previous week and a 9.0 percent decrease over the same week one year ago. The estimated capacity utilization rate is 70.1 percent, down […]
According to Baker Hughes data from October 16, 2015, the U.S rig count for the week was 787 rigs exploring for or developing oil or natural gas. This is a decrease of 8 rigs when compared to last week, with oil rigs down 10 to 595 rigs, gas rigs up 3 to 192 rigs, and […]