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 […]
Steel Market Update recently received data from Bradford Research covering Chinese production, trade, and consumption of steel and steel related products for the first six months 2015. It probably won’t come as any surprise that steel consumption is falling in China while exports, especially for finished steel products, are up by over 30 percent compared […]
A quick note that we will be updating the imports by port and country data for May later this afternoon. You can view the data sheets on our website here. Feel free to contact our office if you need any assistance at (800) 432 3475 or info@SteelMarketUpdate.com.
The Steel Market Update (SMU) Price MoMo Index for hot rolled steel in the United States was positive (indicating higher prices) for the eighth consecutive week. This follows a 39 week negative streak (falling prices). MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current U.S. hot rolled coil […]
For the week ending July 11, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,740,000 net tons of raw steel, a 3.3 percent increase over the previous week but a 9.1 percent decrease over the same week one year ago. The estimated capacity utilization rate is 72.8 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 May 2015 was 9,069,541 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports and subtracting total US steel exports. May supply […]
According to Baker Hughes data from July 10, 2015, the U.S rig count for the week was 863 rigs exploring for or developing oil or natural gas. This is up 1 rig when compared to last week, with oil rigs up 5 to 645 rigs, gas rigs down 2 to 217 rigs, and miscellaneous rigs […]
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 May 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 May 2015 increased 10.2 percent, […]
The Steel Market Update (SMU) Price MoMo Index for hot rolled steel in the United States was positive (indicating higher prices) for the seventh consecutive week. This follows a 39 week negative streak (falling prices). MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current U.S. hot rolled coil […]
For the week ending July 4, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,684,000 net tons of raw steel, a 2.8 percent decrease over the previous week and a 11.4 percent decrease over the same week one year ago. The estimated capacity utilization rate is 71.2 percent, down […]
The Steel Market Update (SMU) Price MoMo Index for hot rolled steel in the United States was positive (indicating higher prices) for the sixth consecutive week. This follows a 39 week negative streak (falling prices). MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current U.S. hot rolled coil […]
For the week ending June 27, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,733,000 net tons of raw steel, a 0.4 percent increase over the previous week but a 8.3 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 June 26, 2015, the U.S rig count for the week was 859 rigs exploring for or developing oil or natural gas. This is up 2 rigs when compared to last week, with oil rigs down 3 to 628 rigs, gas rigs up 5 to 228 rigs, and miscellaneous rigs […]
One of the key items Steel Market Update watches is the spread between world hot rolled export pricing and the HRC spot price average here in the United States. This spread is important to the domestic steel mills and their customers because as the spread narrows domestic steel becomes more competitive and their order books […]
The Steel Market Update (SMU) Price MoMo Index for flat rolled steel in the United States was positive for the fifth consecutive week indicating that prices have been rising. This follows a 39 week negative streak (falling prices). MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current U.S. […]
For the week ending June 20, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,726,000 net tons of raw steel, a 1.2 percent decrease over the previous week and a 8.6 percent decrease over the same week one year ago. The estimated capacity utilization rate is 73.0 percent, down […]
Steel Market Update has been asked if the domestic steel mills have made any moves to restart idled blast furnaces in order to increase production due to dumping suits, price increases and the anticipated stronger order book. People also want to know if ArcelorMittal and US Steel are building slab inventories in order to have […]
The Steel Market Update (SMU) Price MoMo Index for flat rolled steel in the United States was positive for the fourth consecutive week, following a 39 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 previous […]