SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members.
Contributor: David Schollaert
David Schollaert
Read more from David Schollaert 
Spread between US HRC and imports tightens marginally
The price gap between stateside hot band and landed offshore product continues to narrow toward parity, now at its lowest level in five months.
SMU scrap market survey results now available
SMU’s December ferrous scrap market survey results are now available on our website to all premium members.
Nucor ups HR spot price by $10/ton
Nucor increased its weekly hot-rolled coil spot list price by $10 per short ton (st) on Monday, Dec. 8.
Metalformers outlook steady despite headwinds in November: PMA
Metalforming manufacturers were mixed in their outlook, anticipating business conditions could either worsen or, at best, hold in the near-term, according to PMA's November report.
Price gap between US HRC, imports shrinks
The price gap between stateside hot band and landed offshore product has inched closer to parity, now at its lowest level since the summer.
Oregon Steel Mills increases plate prices by $40/ton
Oregon Steel Mills has joined other producers, announcing a price increase of at least $40 per short ton for steel plate.
Nucor increases HR spot price by $5/ton
Nucor increased its weekly hot-rolled coil spot list price by $5 per short ton (st) on Monday, Dec. 1. This was its sixth increase in as many weeks, moving up $45/st over that span.
SMU Survey: Current, Future Sentiment Indices log increases
SMU’s Current Steel Buyers’ Sentiment Index improved this week as Future Sentiment inched up as well, according to our most recent survey data.
Price gap between US HRC, imports narrows again
The price gap between stateside hot band and landed offshore product tightened further this week, as the average price for domestic hot-rolled was $10/st higher w/w.
US and Canadian rig counts fall back
US and Canadian rig counts both declined this week, according to the latest Baker Hughes data released on Wednesday, Nov. 26.
SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members.
SSAB to up plate prices by at least $40/ton
SSAB Americas aims to increase prices on all its products by at least $40 per short ton (st).
AISI: Weekly raw steel production ticks back up
Domestic steel production improved last week, according to the latest figures from the American Iron and Steel Institute (AISI).
Nucor ups HR spot price by $5/ton
Nucor increased its weekly hot-rolled coil spot list price by $5 per short ton (st) on Monday, Nov. 24. This was its fifth increase in as many weeks.
Price gap between US HRC, imports narrows
The price gap between stateside hot band and landed offshore product shrank week over week (w/w).
SMU Steel Demand Index falls back, remains in contraction
The SMU Steel Demand Index slackened from late October, remaining below expansion territory, according to SMU's mid-November indicators.
SMU Mill Order Index jumped in October
SMU’s Mill Order Index (MOI) surged in October after a notable decline the month prior. The recovery came as service center on order inventory totals picked up, supported by a slight uptick in shipments, according to our latest service center inventories data.
AISI: Weekly raw steel production ticks down
Domestic steel production dipped last week, but was still above the year-to-date weekly average and the same week a year earlier.
October service center shipments and inventories report
US service centers’ flat-rolled steel supply edged lower for the third straight month, reaching 53.3 shipping days of supply on an adjusted basis at the end of October, according to SMU data.
Nucor ups HR coil prices by $15/ton to $910/ton
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil for a fourth consecutive week. Now at $910 per short ton (st), up $15/st from last week.
US rig count ticks higher, Canada falls
The latest Baker Hughes rig count report showed oil and gas drilling improved in the US this past week, while Canada saw its rig count decline.
SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]
Gap between US HR prices and imports widens slightly
The price gap between stateside hot band and landed offshore product has marginally widened week over week.
JSW increases plate prices by $40/ton
JSW Steel USA aims to increase steel plate prices by at least $40/short ton.
Nucor increases HR spot price by $5/ton
Nucor increased its weekly hot-rolled coil spot list price by $5 per short ton on Monday, Nov. 10.
Dodge Momentum Index slides in October
The Dodge Momentum Index (DMI) fell more than 7% in October, sliding for the first time in six months. Still, the index is up 35% year-to-date, according to the latest data released by Dodge Construction Network.
US and Canadian rig counts tick higher
The latest Baker Hughes rig count report showed oil and gas drilling improved in both the US and Canada in the first week of November.
SMU scrap market survey results now available
SMU’s November ferrous scrap market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “ferrous scrap survey” results. Past scrap survey results are also available under that selection. If you need help accessing the survey […]
Gap between US HR prices and imports narrows
The gap between US hot band prices and imports narrowed slightly. But with the 50% Section 232 tariffs, most imports remain more expensive than domestic material.