Perhaps one of my steel sources described the current environment surrounding the flat rolled steel industry best when they said, “Welcome to the Charles Dickens version of the steel industry – ‘It was the best of times, it was the worst of times. It was the season of hope, it was the winter of despair…’ […]
Apparent steel supply for December was 8,662,212 net tons (NT), a 4.14 percent increase compared to the same month one year ago. This was due to a slight increase in domestic shipments and a decrease in exports. The net trade balance from the difference between imports and exports was a surplus of 1,635,411 net tons […]
December 2013 U.S. exports for all steel products fell 7.2 percent over November to 871,384 net tons (NT). Compared to December of the previous year when total exports were 969,783 NT, December 2014 exports were down over 10.1 percent. December tonnage was below both the 3 and 12 month moving average (MMA). The primary countries […]
For the week ending February 8, 2014, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,839,000 net tons (NT) of raw steel, a 1.9 percent increase over the previous week but a 1.9 percent decrease over the same week one year ago. The estimated capacity utilization rate is 76.8 […]
According to Baker Hughes data from February 7th, 2014, the U.S rig count for this week is 1,771 rigs exploring for or developing oil or natural gas. This count is a decrease of 14 rigs when compared to last week, with oil rigs down 6 to 1,416 rigs, gas rigs down 7 to 351 rigs, […]
Steel Market Update conducted our early February flat rolled steel market survey this week. We are pleased to provide our Premium Level members a Power Point presentation on the results which can be access on our website (when logged in) under the Analysis Tab (SMU Survey Results sub-menu). If you are already logged in you […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S remained negative this week for the 2nd consecutive week after being in positive territory for the prior 15 weeks. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current hot rolled coil (HRC) price movements […]
Using December license data, total 2013 imports are projected to have been 32,146,101 net tons (NT). This is a decrease of 4.0 percent from the 33,474,544 NT imported in 2012, however when compared to 2011 figures, 2013 total imports were up 12.7 percent. Looking back to 2007, prior to the recessionary period and where trade […]
The American Iron & Steel Institute (AISI) reported their final raw steel production numbers for the month of December 2013. This estimation is different than the weekly raw steel production as it is based on 75 percent of the domestic mills reporting vs. 50 percent for the weekly estimates. Total raw steel production for the […]
For the week ending February 1, 2014, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,804,000 net tons (NT) of raw steel, a 1.1 percent decrease over the previous week and a 1.9 percent decrease over the same week one year ago. The estimated capacity utilization rate is 75.3 […]
According to Baker Hughes data from January 31st, 2014, the U.S rig count for this week is 1,785 rigs exploring for or developing oil or natural gas. This count is an increase of 8 rigs when compared to last week, with oil rigs up 6 to 1,422 rigs, gas rigs up 2 to 358 rigs, […]
Using December license data, total 2013 imports are projected to have been 32,146,101 net tons (NT). This is a decrease of 4.0 percent from the 33,474,544 NT imported in 2012, however when compared to 2011 figures, 2013 total imports were up 12.7 percent. Looking back to 2007, prior to the recessionary period and where trade […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S turned negative this week after being in positive territory for 15 consecutive weeks. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current hot rolled coil (HRC) price movements against the previous 12-week average spot […]
Steel buyers reported a mixed bag this week with some mills quoting extremely long lead times (hot rolled at 6-8 weeks) while others were still willing to discuss pricing in early February if a reasonable order was connected to the competitive quotation. One service center executive told us about mill lead times, “USS is in […]
The American Iron & Steel Institute (AISI) reported their final raw steel production numbers for the month of December 2013. This estimation is different than the weekly raw steel production as it is based on 75 percent of the domestic mills reporting vs. 50 percent for the weekly estimates. Total raw steel production for the […]
For the week ending January 25, 2014, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,824,000 net tons (NT) of raw steel, a 0.7 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 76.1 […]
According to Baker Hughes data from January 24th, 2014, the U.S rig count for this week is 1,777 rigs exploring for or developing oil or natural gas. This count is unchanged when compared to last week, with oil rigs up 8 to 1,416 rigs, gas rigs down 9 to 356 rigs, and miscellaneous rigs up […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S remained positive this week and is currently in its 15th consecutive week of being in positive territory. MoMo, a trailing indicator, is based upon the current hot rolled coil (HRC) price weighed against the previous 12-week average spot price as recorded […]
For the week ending January 18, 2014, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,836,000 net tons (NT) of raw steel, a 0.3 percent increase over the previous week and a 0.2 percent increase over the same week one year ago. The estimated capacity utilization rate is 76.6 […]
The following is a press release from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) on November 2013 shipments of heating and cooling equipment data: U.S. shipments of residential gas storage water heaters for November 2013 decreased 15.5 percent, to 348,542 units, down from 412,416 units shipped in November 2012. Residential electric storage water heater shipments […]
According to Baker Hughes data from January 17th, 2014, the U.S rig count for this week is 1,777 rigs exploring for or developing oil or natural gas. This count is an increase of 23 rigs when compared to last week, with oil rigs up 15 to 1,408 rigs, gas rigs up 8 to 365 rigs, […]
Canadian service center shipments for all steel products were reported at 348,700 net tons (NT) in December, down 26.3 percent over November figures but up 3.0 percent from December 2012 shipments. With 20 shipping days in December, daily shipments are calculated to have been 17,400 tons per day, down from 23,700 tons per day the […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S remained positive this week, but only slightly so, and is currently in its 14th consecutive week of being in positive territory. MoMo, a trailing indicator, is based upon the current hot rolled coil (HRC) price weighed against the previous 12-week average […]
Flat rolled steel prices began to slip this week as some short term weakness was seen in domestic mill order books and lead times. Benchmark hot rolled is perhaps the weakest product based on our discussions with buyers around the eastern half of the United States and into Canada. The biggest reason behind the slippage […]
November prepainted flat rolled imports decreased over October, especially on galvanized and Galvalume products. The four prepainted products tracked by SMU fell a combined 21,941 net tons (NT) or 49.7 percent over the previous month. Compared to the same month one year ago, prepainted imports were down 30.2 percent on average for select products. As […]
For the week ending January 11, 2014, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,830,000 net tons (NT) of raw steel, a 0.4 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 76.4 […]
Apparent steel supply for November was 8,592,683 net tons (NT), a 1.46 percent increase compared to the same month one year ago. This was due to a slight increase in domestic shipments and a minor decrease in exports. The net trade balance from the difference between imports and exports was a surplus of 1,653,365 net […]
November steel export data indicates total US steel exports were 939,185 net tons (NT) for the month of November 2013, the lowest levels seen since December 2010 when exports were 934,471 NT. Total November steel trade to countries outside of the United States is down 17.1 percent compared to October levels and down 6.0 percent […]
According to Baker Hughes data from January 10, 2014, the U.S rig count for this week is 1,754 rigs exploring for or developing oil or natural gas. This count is an increase of 3 rigs when compared to last week, with oil rigs up 15 to 1,393 rigs, gas rigs down 15 to 357 rigs, […]
Final November trade data shows that the United States received a total of 2,592,549 net tons of steel for the month. This is a decrease of 16.4 percent compared to the 3,101,063 NT imported in October. It is also a decrease from November 2012 tonnage by 4.8 percent. December license data figures are estimated at […]