The Steel Market Update (SMU) Price MoMo Index for hot rolled steel in the United States was negative (indicating lower prices) for the fifth 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 September 5, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,741,000 net tons of raw steel, a 2.2 percent increase over the previous week but a 8.0 percent decrease over the same week one year ago. The estimated capacity utilization rate is 72.8 percent, up […]
For the week ending August 29, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,703,000 net tons of raw steel, a 2.2 percent decrease over the previous week and a 11.8 percent decrease over the same week one year ago. The estimated capacity utilization rate is 71.2 percent, down […]
According to Baker Hughes data from August 28, 2015, the U.S rig count for the week was 877 rigs exploring for or developing oil or natural gas. This is a decrease of 8 rigs when compared to last week, with oil rigs up 1 to 675 rigs, gas rigs down 9 to 202 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 MoMo Index for hot rolled steel in the United States was negative (indicating lower prices) for the third 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 August 22, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,742,000 net tons of raw steel, a 1.5 percent decrease over the previous week and a 9.7 percent decrease over the same week one year ago. The estimated capacity utilization rate is 72.9 percent, down […]
Chinese steel trade data was recently released for the month of July 2015, providing updated data on iron ore imports, steel scrap imports, and flat rolled imports and exports. Chinese imports of iron ore in July were 86,100,000 metric tons, an increase of 14.9 percent from the previous month and an increase of 4.3 percent […]
According to Baker Hughes data from August 21, 2015, the U.S rig count for the week was 885 rigs exploring for or developing oil or natural gas. This is an increase of 1 rig when compared to last week, with oil rigs up 2 to 674 rigs, gas rigs unchanged at 211 rigs, and miscellaneous […]
The Steel Market Update (SMU) Price MoMo Index for hot rolled steel in the United States has now dropped down into negative territory after bouncing around zero percent for the last four weeks. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current U.S. hot rolled coil (HRC) price […]
For the week ending August 15, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,768,000 net tons of raw steel, a 0.7 percent increase over the previous week but a 8.4 percent decrease over the same week one year ago. The estimated capacity utilization rate is 73.9 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 June 2015 was 9,373,498 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports and subtracting total US steel exports. June supply […]
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 June 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 June 2015 increased 17.9 percent, […]
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 following is commentary from the American Institute for International Steel. As is the case with all important issues, there are two sides to every story. 13 August 2015. Falls Church, VA. The recent announcement of the filing of new trade cases on hot-rolled steel and other steel products reminds us that there are multiple […]
The Steel Market Update (SMU) Price MoMo Index for hot rolled steel in the United States has been bouncing between positive and negative territory for the last four 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 […]
For the week ending August 8, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,756,000 net tons of raw steel, a 0.2 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 73.4 percent, down […]
According to Baker Hughes data from August 7, 2015, the U.S rig count for the week was 884 rigs exploring for or developing oil or natural gas. This is an increase of 10 rigs when compared to last week, with oil rigs up 6 to 670 rigs, gas rigs up 4 to 213 rigs, and […]
The Steel Market Update (SMU) Price MoMo Index for hot rolled steel in the United States reverted back into positive territory following a negative dip last 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 […]
For the week ending August 1, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,760,000 net tons of raw steel, a 1.1 percent increase over the previous week but a 8.0 percent decrease over the same week one year ago. The estimated capacity utilization rate is 73.6 percent, up […]
According to Baker Hughes data from July 31, 2015, the U.S rig count for the week was 874 rigs exploring for or developing oil or natural gas. This is a decrease of 2 rigs when compared to last week, with oil rigs up 5 to 664 rigs, gas rigs down 7 to 209 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 American Iron & Steel Institute (AISI) recently reported final raw steel production estimates for the month of June 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 turned negative after a 9 week positive 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 previous 12-week average spot price as […]
For the week ending July 25, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,740,000 net tons of raw steel, a 0.7 percent decrease over the previous week and a 9.1 percent decrease over the same week one year ago. The estimated capacity utilization rate is 72.8 percent, down […]
According to Baker Hughes data from July 24, 2015, the U.S rig count for the week was 876 rigs exploring for or developing oil or natural gas. This is up 19 rigs when compared to last week, with oil rigs up 21 to 659 rigs, gas rigs down 2 to 216 rigs, and miscellaneous rigs […]
Chinese steel trade data was recently released for the month of June 2015, providing updated data on iron ore imports, steel scrap imports, and flat rolled imports and exports. Chinese imports of iron ore in June were 74,960,000 metric tons, an increase of 5.8 percent from the previous month and an increase of 0.5 percent […]
The Steel Market Update (SMU) Price MoMo Index for hot rolled steel in the United States was positive for the ninth consecutive week, following a 39 week negative streak prior. 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 July 18, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,753,000 net tons of raw steel, a 0.7 percent increase over the previous week but a 8.4 percent decrease over the same week one year ago. The estimated capacity utilization rate is 73.3 percent, up […]
According to Baker Hughes data from July 17, 2015, the U.S rig count for the week was 857 rigs exploring for or developing oil or natural gas. This is down 6 rigs when compared to last week, with oil rigs down 7 to 638 rigs, gas rigs up 1 to 218 rigs, and miscellaneous rigs […]