Steel News

Steel Summit Registrations Hit 525

Friday, July 21, 2017 7:36 PM

What do 525 steel and manufacturing executives have in common? They will all be at our 7th SMU Steel Summit Conference in Atlanta on August 28, 29 and 30.

As of Frid..........

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Should U.S. Penalize Countries with High Rate of Exports?

Friday, July 21, 2017 7:25 PM

Should U.S. Penalize Countries with High Rate of Exports?

Last week, Steel Market Update (SMU) completed our mid-July flat rolled market trends analysis. We invited 650 steel executives to participate. Of those responding, 48 percent were service centers, 41 percent were manufacturing companie..........

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Active Rig Counts Continue to Surpass 2016 Levels

Friday, July 21, 2017 5:19 PM

Active Rig Counts Continue to Surpass 2016 Levels

Data from July 7, 2017, shows the U.S. rig count for the week was 950 rigs exploring for or developing oil or natural gas, reports oilfield services company Baker Hughes, Inc. This is down 2 rigs compared to last week, with oil rigs dow..........

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Comparison Price Indices: Yet Another Mixed Week

Friday, July 21, 2017 5:08 PM

Comparison Price Indices: Yet Another Mixed Week

The week ending July 21 was another mixed week for flat rolled steel and plate prices. Steel Market Update (SMU) steel price indices saw two products as being higher, two lower and one unchanged. Platts had two higher and one lower. Ste..........

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SMU Survey: Tariffs Would Burden U.S. Manufacturers

Friday, July 21, 2017 4:56 PM

SMU Survey: Tariffs Would Burden U.S. Manufacturers

The steel market is waiting anxiously to see if the Trump administration places additional tariffs or quotas on steel imports. Opponents of the proposed Section 232 trade action say it will be bad for the U.S. economy, in particular U.S..........

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Nucor, NLMK, ArcelorMittal Raise Prices on Flat Rolled Steels

Thursday, July 20, 2017 9:33 PM

Nucor, NLMK, ArcelorMittal Raise Prices on Flat Rolled Steels

On Wednesday, Nucor became the first flat rolled mill east of the Rockies to increase spot prices on hot rolled, HRP&O, cold rolled and galvanized steels. Nucor Sheet Mill Group sent out a letter to their customers advising that eff..........

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SMU Steel Buyers Sentiment Index: Market's Anxious

Thursday, July 20, 2017 7:30 PM

SMU Steel Buyers Sentiment Index: Market's Anxious

The SMU Steel Buyers Sentiment Index has seen some erosion since peaking at +77 around March 1. However, buyers and sellers of flat rolled steel continue to be optimistic about th..........

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SDI Sees 'Positive Pricing Environment' Ahead of Section 232

Thursday, July 20, 2017 7:25 PM

SDI Sees 'Positive Pricing Environment' Ahead of Section 232

Steel Dynamics, Inc., is excited about the second half and is expecting growth in all sectors through 2018. CEO Mark Millett says the flat rolled arena remains very strong despite a slight turning of the automotive market. Infrastructur..........

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July Foreign Steel Imports Poised to Break 3.5 Million Tons

Thursday, July 20, 2017 6:32 PM

July Foreign Steel Imports Poised to Break 3.5 Million Tons

The U.S. Department of Commerce (DOC) released new foreign steel import license data on July 18. The trend for July is for steel imports to remain quite high, in the mid 3-million-net-ton range. We expect imports to be lower than June..........

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Steel Mill Lead Times Flat

Thursday, July 20, 2017 6:12 PM

Steel Mill Lead Times Flat

Flat rolled lead times remain flat compared to what we reported for early July, as well as one month ago.

Twice per month, Steel Market Update conducts an analysis of the flat rolled sheet and plate ..........

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