Steel News

SMU Price Ranges & Indices: Mostly Unchanged

Tuesday, March 28, 2017 10:48 PM

SMU Price Ranges & Indices: Mostly Unchanged

As we moved around the industry trying to gauge where flat rolled steel prices are this week, we found most buyers as being optimistic but perhaps not as many as two weeks ago. There seems to be a growing question about whether the mark..........

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The Data Shows the Trade Cases Have Failed: The Question is Why?

Tuesday, March 28, 2017 9:44 PM

The Data Shows the Trade Cases Have Failed: The Question is Why?

If the goal of the 2015 CORE, cold rolled and hot rolled trade cases was to reduce the number of foreign steel tons coming into the United States, well, the data says the cases did not complete their mission. There is one exception, hot..........

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Selected Domestic Steel Mill Lead Times

Tuesday, March 28, 2017 8:27 PM

Selected Domestic Steel Mill Lead Times

We are getting mixed messages regarding “real” lead times coming out of the domestic steel mills. The information we are sharing below comes from actual mill lead times coming directly from the producing mills to their customers. Th..........

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Currency Update for Steel Trading Nations

Tuesday, March 28, 2017 7:40 PM

Currency Update for Steel Trading Nations

Please see the end of this report for an explanation of data sources.

The Broad Index value of the US $ is reported several days in arrears by the Federal Reserve, the latest value published was date..........

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Another Slight Decrease in Weekly Raw Steel Production

Tuesday, March 28, 2017 6:05 PM

Another Slight Decrease in Weekly Raw Steel Production

For the week ending March 25, 2017, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,725,000 net tons of raw steel, a 1.3 percent decrease over the previous week but a 2.4 percent increase over..........

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AISI Capacity Adjustments: Q1 2016 Through Today

Tuesday, March 28, 2017 5:26 PM

AISI Capacity Adjustments: Q1 2016 Through Today

Steel Market Update is being asked whether Big River Steel's production has been added to the raw steel capacity that the AISI uses when calculating capacity utilization rates. The short answer is we don't think so. The AISI did make a ..........

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Global Scrap Trade through Q4 2016

Tuesday, March 28, 2017 4:31 PM

Global Scrap Trade through Q4 2016

This is only our second ever write up of global scrap trade. In future we will report quarterly because we believe that to understand the gyrations of the domestic scrap market we should be aware of where the US stands as a global playe..........

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February 2017 Steel Imports

Tuesday, March 28, 2017 3:03 PM

February 2017 Steel Imports

The American Institute for International Steel reports steel imports in February were 21.3 percent higher than a year ago. AIIS cautions against U.S. protectionist policies that may hurt manufacturers who depend on global value supply c..........

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Federal Reserve Manufacturing Indexes Indicate Expansion

Tuesday, March 28, 2017 2:09 PM

Federal Reserve Manufacturing Indexes Indicate Expansion

Manufacturers are optimistic in the Texas and Richmond area, according to Federal Reserve surveys. Factory activity is expanding so far in 2017 and manufacturers continue to expect improvement during the next six months.

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Consumer Confidence in March 2017

Monday, March 27, 2017 2:30 PM

Consumer Confidence in March 2017

The source of this data is the Conference Board with analysis by Steel Market Update. Please see the end of this piece for an explanation of the indicator.

The March report was excellent and handily ..........

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