Dodge Momentum Index eased in August
The Dodge Momentum Index (DMI) edged down in August from a downwardly revised July reading.
The Dodge Momentum Index (DMI) edged down in August from a downwardly revised July reading.
Nucor said on Tuesday, Sept. 8, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,190 per short ton (st) this week, a $5/st increase from a week earlier.
Manufacturing picked up across 10 of the 12 Federal Reserve districts. It was again one of the stronger sectors in the Fed's Sept. 2 Beige Book report.
The results of the latest SMU flat-rolled market survey are now available on our website to all premium members.
Nucor raised its CSP for HR coil to $1,185 per short ton for spot orders placed this week, a $5/st increase w/w.
The August Business Conditions Report issued by the Precision Metalforming Association (PMA) found that North American sentiment improved markedly in August. “While metalformers expressed growing caution in July, this month’s survey reflects a notable improvement in sentiment,” said Mark Getsay, PMA’s managing director. “The increase in companies expecting stronger economic activity and higher order volumes is an encouraging sign.”
Baker Hughes’ latest data shows US oil and gas drilling activity was steady this week at a multi-month high, while activity slowed slightly in Canada.
Nucor said on Friday its Plate Group plans to maintain base plate prices with the opening of its October orderbook.
SMU’s average price for domestic hot rolled (HR) rose to $1,200 per short ton (st) week on week (w/w). In offshore markets, prices also rose, outpacing stateside gains.
SSAB Americas plans to increase plate prices by at least $40 per short ton (st), according to a letter sent to customers on Monday.
Nucor said on Monday, Aug. 24, that its CSP for hot-rolled coil will be $1,180 per short ton (st) for the week, a $10/st increase from a week earlier.
SMU’s average price for domestic hot rolled (HR) rose to $1,195 per short ton (st) week on week (w/w). In offshore markets, prices saw a more controlled rise.
SMU’s Steel Demand Index saw a negligible decline in growth, slightly behind early August, but remaining in elevated territory, according to mid-to-late August indicators.
The results of the latest SMU flat-rolled market survey are now available on our website to all premium members.
SMU’s Mill Order Index (MOI) grew further in July, up for a third straight month. The result came as service center on-order volumes and new order entries accelerated, according to our latest service center inventories data.
The countdown is on! Steel Summit is less than a week away. Will you be in the room?
Premium Report: US service centers’ flat-rolled steel supply rose marginally in July, reversing course for the first time all year. Shipping days of supply ticked up to 45.6, according to SMU data. Service center shipments in were more than 4% below intake, noticeably trailing inbound volumes.
SMU’s average price for domestic hot rolled was unchanged week on week at $1,180 per short ton. In offshore markets, prices mainly moved up.
The domestic plate market is increasingly constrained as lead times spill well into Q4 and mills talk allocation. Speaking with buyers across the US, from the Midwest and East Coast to the South and West, there’s a shared theme: What spot tons?!
Nucor announced on Monday, Aug. 10, revised galvanized and galvannealed coating extras higher by an average of 11%.
The Dodge Momentum Index (DMI) rose in July, up from an upwardly revised June reading.
Nucor upped its consumer spot price (CSP) for hot-rolled coil by $5/st to $1,160/st for the week of Aug. 10.
SMU’s Current Sentiment Index for scrap jumped in August as Future Sentiment saw a sharp rebound, according to the latest data from our ferrous scrap survey.
The results of the latest SMU flat-rolled market survey are now available on our website to all premium members.
SMU’s August ferrous scrap market survey results are now available on our website to all premium members.
SMU’s average price for domestic HR rose to $1,180 per short ton (st) this week, $15/st higher vs. the prior week. In offshore markets last week, prices mainly moved up.
SPS Companies has acquired Jemison Metals, a carbon flat-roll service center and fabricator headquartered in Birmingham, Ala., from Jemison Investment Company.
Sheet and plate prices continue to rise on extremely limited spot availability, long lead times, and solid demand, according to market participants.
SDI has promoted Theresa Wagler, presently EVP and CFO, to president and CEO, effective Jan. 1, 2027. Mark Millett will retire and transition to executive chairman of the board.
Nucor increased its consumer spot price for hot-rolled coil to $1,155 per short ton for the week of Aug. 3, up $10/st from last week.