With Nucor CEO John Ferriola commenting today about the surge in steel plate imports over the last two months into the United States, Steel Market Update thought we would do a piece showing plate imports over the last few years and how they compare to recent levels. The monthly average import rate of plate in […]
This week the Steel Market Update Price MoMo Index for flat rolled steel in the U.S. is showing hot rolled coil price momentum continuing its downward trend for the 35th week in a row. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current hot rolled coil (HRC) price […]
For the week ending April 18, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,655,000 net tons of raw steel, a 2.1 percent increase over the previous week but a 10.1 percent decrease over the same week one year ago. The estimated capacity utilization rate is 70.0 percent, up […]
According to Baker Hughes data from April 17th, 2015, the U.S rig count for the week was 954 rigs exploring for or developing oil or natural gas. The last time the active U.S. count was this low was back on July 31, 2009 at 948 rigs. This week’s total rig count is down 34 rigs […]
The spread between world hot rolled export pricing and that of the domestic average here in the United States continues to be reduced from what we were measuring a couple of months ago. This analysis is based on our review of world export prices and the hot rolled index produced by SMU earlier this week. […]
This week the Steel Market Update Price MoMo Index for flat rolled steel in the U.S. is showing hot rolled coil price momentum continuing its downward trend for the 33rd week in a row. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current hot rolled coil (HRC) price […]
For the week ending April 11, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,621,000 net tons of raw steel, a 1.3 percent increase over the previous week but a 12.0 percent decrease over the same week one year ago. The estimated capacity utilization rate is 68.6 percent, up […]
According to Baker Hughes data from April 2nd, 2015, the U.S rig count for the week was 988 rigs exploring for or developing oil or natural gas. The last time the active U.S. count was this low was back in late-August 2009 at 968 rigs. This week’s total rig count is down 40 rigs when […]
Below is the latest data issued by the the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) regarding residential and commercial heating and cooling equipment shipments through February 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 February 2015 increased 5.4 percent, […]
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 February 2015 is 8,968,831 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports and subtracting total US steel exports. February supply […]
This week the Steel Market Update Price MoMo Index for flat rolled steel in the U.S. is showing hot rolled coil price momentum continuing its downward trend for the 33rd week in a row. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current hot rolled coil (HRC) price […]
For the week ending April 4, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,600,000 net tons of raw steel, a 1.7 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 67.7 percent, down […]
According to Baker Hughes data from April 2nd, 2015, the U.S rig count for the week was 1,028 rigs exploring for or developing oil or natural gas. The rig count is down 20 rigs when compared to last week, with oil rigs down 11 to 802 rigs, gas rigs down 11 to 222 rigs, and […]
There have been so many announcements made by the integrated steel mills (US Steel and ArcelorMittal especially) since the beginning of 2015 we thought we would provide details on various blast furnace outages and other equipment and plants associated with steel making that have been affected by slowing order books in the energy sectors and […]
This week the Steel Market Update Price MoMo Index for flat rolled steel in the U.S. is showing hot rolled coil price momentum continuing its downward trend for the 32nd week in a row. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current hot rolled coil (HRC) price […]
US Steel announced today it will adjust operations and temporarily idle a portion of its Minntac plant in Mount Iron, Minnesota, effective June 1st 2015. This is due to the company’s current iron ore inventory levels and ongoing adjustment of its steel making operations throughout North America. The company will continue to operate Minntac at reduced capacity […]
For the week ending March 28, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,628,000 net tons of raw steel, a 0.7 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 68.9 percent, down […]
The Chicago Business Barometer rose slightly in March after hitting a five and a half year low in February. The MNI Indicators survey of purchasing and supply professionals rose 0.5 points to 46.3 in March. However, any level below 50.0 indicates business conditions are shrinking and not increasing so the 46.3 number is not a […]
The American Iron & Steel Institute (AISI) recently reported final raw steel production estimates for the month of February 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 […]
According to Baker Hughes data from March 27th, 2015, the U.S rig count for the week was 1,048 rigs exploring for or developing oil or natural gas. The rig count is down 21 rigs when compared to last week, with oil rigs down 12 to 813 rigs, gas rigs down 9 to 233 rigs, and […]
The following information is from the United States Department of Labor, Office of Public Affairs concerning an accident at US Steel Fairfield in September 2014. Steel Market Update spoke to the U.S. Department of Labor who told us that the press release was not unusually harsh and the Labor Department was going with “narrative releases” […]
The spread between world hot rolled export pricing and that of the domestic average here in the United States continues to be reduced from what we were measuring a couple of months ago. This analysis is based on our review of world export prices and the hot rolled index produced by SMU earlier this week. […]
This week the Steel Market Update Price MoMo Index for flat rolled steel in the U.S. is showing hot rolled coil price momentum continuing its downward trend for the 31st week in a row. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current hot rolled coil (HRC) price […]
The most recent weekly raw steel production data is showing a slight rise in production following 7 consecutive declining weeks previous to this data being released. For the week ending March 21, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,639,000 net tons of raw steel, a 1.0 percent […]
According to Baker Hughes data from March 20th, 2015, the U.S rig count for the week was 1,069 rigs exploring for or developing oil or natural gas. The rig count is down 56 rigs when compared to last week, with oil rigs down 41 to 825 rigs, gas rigs down 15 to 242 rigs, and […]
This week the Steel Market Update Price MoMo Index for flat rolled steel in the U.S. is showing hot rolled coil price momentum continuing its downward trend for the 30th week in a row. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current hot rolled coil (HRC) price […]
The most recent weekly raw steel production data is showing a continuation of the slowing of production at the domestic steel mills. For the week ending March 14, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,623,000 net tons of raw steel, a 1.3 percent decrease over the previous […]
Below is the latest data issued by the the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) regarding residential and commercial heating and cooling equipment shipments through December 2014. 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 2015 increased 11.2 percent, […]
The domestic steel mills are resorting to adjustments in supply as a weapon against the chronic short lead times which are helping to push flat rolled steel prices lower and lower. The heavy lifting is being done by the integrated steel mills, especially by U.S. Steel which has taken three blast furnaces down over the […]
The spread between world hot rolled export pricing and that of the domestic average here in the United States continues to be lower than what we were measuring a couple of months ago. This analysis is based on our review of world export prices and that of hot rolled index from this week. As the […]