The Steel Market Update (SMU) Price Momentum Index (MoMo) for hot rolled steel in the United States was positive this week for the eleventh 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 price movements against the […]
January ferrous scrap exports totaled 607,272 net tons (550,909 metric tons) with Turkey, India, Mexico, Peru, and Taiwan being the top five countries receiving scrap from the United States. These five countries accounted for 67.3 percent of all scrap exports. Total January ferrous scrap exports were 53.9 percent lower than previous month and 47.1 percent […]
For the week ending March 12, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,722,000 net tons of raw steel, a 2.9 percent increase over the previous week and a 7.6 percent increase over the same week one year ago. The estimated capacity utilization rate is 73.6 percent, up […]
According to Baker Hughes data from March 11, 2016, the U.S rig count for the week was 480 rigs exploring for or developing oil or natural gas. This is a decrease of 9 rigs when compared to last week, with oil rigs down 6 to 386 rigs, gas rigs down 3 to 94 rigs, and […]
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 January 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 January 2016 decreased 14.2 percent […]
The Steel Market Update (SMU) Price Momentum Index (MoMo) for hot rolled steel in the United States was positive this week for the tenth 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 price movements against the […]
For the week ending March 5, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,673,000 net tons of raw steel, a 1.1 percent decrease over the previous week but a 2.6 percent increase over the same week one year ago. The estimated capacity utilization rate is 71.5 percent, down […]
According to Baker Hughes data from March 4, 2016, the U.S rig count for the week was 489 rigs exploring for or developing oil or natural gas. This is a decrease of 13 rigs when compared to last week, with oil rigs down 8 to 392 rigs, gas rigs down 5 to 97 rigs, and […]
The Steel Market Update (SMU) Price Momentum Index (MoMo) for hot rolled steel in the United States was positive this week for the ninth 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 price movements against the […]
For the week ending February 27, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,692,000 net tons of raw steel, a 0.4 percent decrease over the previous week and a 0.8 percent decrease over the same week one year ago. The estimated capacity utilization rate is 72.4 percent, down […]
According to Baker Hughes data from February 26, 2016, the U.S rig count for the week was 502 rigs exploring for or developing oil or natural gas. This is a decrease of 12 rigs when compared to last week, with oil rigs down 13 to 400 rigs, gas rigs up 1 to 102 rigs, and […]
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 Momentum Index (MoMo) for hot rolled steel in the United States was positive this week for the eighth 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 price movements against the […]
For the week ending February 20, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,699,000 net tons of raw steel, a 0.2 percent decrease over the previous week and a 0.4 percent decrease over the same week one year ago. The estimated capacity utilization rate is 72.7 percent, up […]
According to Baker Hughes data from February 19, 2016, the U.S rig count for the week was 514 rigs exploring for or developing oil or natural gas. This is a decrease of 27 rigs when compared to last week, with oil rigs down 26 to 413 rigs, gas rigs down 1 to 101 rigs, and […]
The Metal Service Center Institute (MSCI) released shipment and inventory data for U.S. steel distributors this week. The headline for total steel products is shipments rose from December to January by 275,200 tons or 9.9 percent, but were still 470,400 tons or 13.3 percent below levels from one year ago. U.S. steel service centers shipped […]
A note from the Metals Service Center Institute (MSCI) regarding a change in data: “For this month’s Metals Activity Reports in Canada, and going forward, there have been changes in the companies in the sample. These changes result in a reduction in the number of product categories being reported. As indicated on the reports Carbon […]
The Steel Market Update (SMU) Price Momentum Index (MoMo) for hot rolled steel in the United States was positive this week for the seventh 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 price movements against the […]
For the week ending February 13, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,703,000 net tons of raw steel, a 1.1 percent increase over the previous week but a 0.1 percent decrease over the same week one year ago. The estimated capacity utilization rate is 72.8 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 December 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 December 2015 decreased 14.3 percent […]
According to Baker Hughes data from February 12, 2016, the U.S rig count for the week was 541 rigs exploring for or developing oil or natural gas. This is a decrease of 30 rigs when compared to last week, with oil rigs down 28 to 439 rigs, gas rigs down 2 to 102 rigs, and […]
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 Momentum Index (MoMo) for hot rolled steel in the United States was positive this week for the sixth 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 price movements against the […]
The long awaited customs bill is headed to the Senate for approval on Thursday, Feb. 11. If Senate approves the conference report of the Trade Facilitation and Trade Enforcement Act (H.R. 644) it will move on to the White House for the President’s signature. The bill is designed, among other things, to streamline the flow […]
For the week ending February 6, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,685,000 net tons of raw steel, a 1.7 percent increase over the previous week but a 1.2 percent decrease over the same week one year ago. The estimated capacity utilization rate is 71.9 percent, up […]
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 December 2015 was 7,878,660 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports and subtracting total US steel exports. December supply […]
According to Baker Hughes data from February 5, 2016, the U.S rig count for the week was 571 rigs exploring for or developing oil or natural gas. This is a decrease of 48 rigs when compared to last week, with oil rigs down 31 to 467 rigs, gas rigs down 17 to 104 rigs, and […]
The Steel Market Update (SMU) Price MoMo Index for hot rolled steel in the United States was positive this week for the fifth 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 […]
For the week ending January 30, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,657,000 net tons of raw steel, a 0.8 percent decrease over the previous week and a 8.3 percent decrease over the same week one year ago. The estimated capacity utilization rate is 70.7 percent, up […]
According to Baker Hughes data from January 29, 2016, the U.S rig count for the week was 619 rigs exploring for or developing oil or natural gas. This is a decrease of 18 rigs when compared to last week, with oil rigs down 12 to 498 rigs, gas rigs down 6 to 121 rigs, and […]