Steel News

ArcelorMittal USA Quantifies Flat Rolled Base Pricing (Again)

Thursday, February 23, 2017 10:12 PM

ArcelorMittal USA Quantifies Flat Rolled Base Pricing (Again)

If at first you don’t succeed, try, try again.

On Monday Nucor began the flat rolled steel price increase announcement train as they, and just about every other flat rolled mill in the United State..........

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February Imports Trending Higher than Expected

Thursday, February 23, 2017 9:31 PM

February Imports Trending Higher than Expected

February 2017 steel import licenses are suggesting that foreign steel imports will be markedly higher than February 2016. Last year the U.S. imported 2.2 million tons of foreign steel. Right now, based on import licenses collected throu..........

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Hot Rolled Futures: Buckle Your Chinstrap

Thursday, February 23, 2017 8:12 PM

Hot Rolled Futures: Buckle Your Chinstrap

The following article on the hot rolled coil (HRC) futures markets was written by David Feldstein. As the Flack Global Metals director of risk management, Dave is an active participant in the hot rolled coil (HRC) futures market and we ..........

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SMU Steel Summit Conference Comes with App & Wi-Fi

Thursday, February 23, 2017 7:30 PM

SMU Steel Summit Conference Comes with App & Wi-Fi

Steel Market Update continues to develop new and better ways to simplify and enhance your conference experience at this year's SMU Steel Summit Conference.

A couple of years ago, Steel Market..........

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California Steel First Mill in 2017 to Increase Galvanized Coating Extras

Thursday, February 23, 2017 6:54 PM

California Steel First Mill in 2017 to Increase Galvanized Coating Extras

On Wednesday, February 22, 2017, California Steel Industries (CSI) sent a letter to their customers advising them of their intention to adjust their extras used when pricing galvanized steels in various thicknesses and coating weights.<..........

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Priefert Answers Questions about Demand

Thursday, February 23, 2017 5:16 PM

Priefert Answers Questions about Demand

Market segments tend to run in cycles and rarely are all segments clicking at the same time. A good example is during the Great Recession, which crushed most steel consuming market segments, we learned through Priefert Manufacturing tha..........

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Existing-Home Sales Grow 3.3% in January

Thursday, February 23, 2017 2:22 PM

Existing-Home Sales Grow 3.3% in January

Existing-home sales in January increased at the fastest pace since February 2007, said the National Association of Realtors. January sales grew 3.3 percent year over year to a seasonally adjusted annual rate of 5.69 million.

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ABI Slips in January Following Strong December

Wednesday, February 22, 2017 9:07 PM

ABI Slips in January Following Strong December

The Architecture Billings Index slipped into negative territory in January with a score of 49.5, down from 55.6 in December. A score above 50 indicates an increase in billings. The new projects inquiry rose to 60.0 from 57.6.

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SMU MoMo Index Signals End to Higher Price Momentum

Wednesday, February 22, 2017 8:19 PM

SMU MoMo Index Signals End to Higher Price Momentum

The Steel Market Update Steel Price Momentum Index (MoMo) for hot rolled steel in the United States turned negative this week, following a long 14 week positive..........

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Tenth District Manufacturing Expands in February

Wednesday, February 22, 2017 7:10 PM

Tenth District Manufacturing Expands in February

Tenth District manufacturing expanded in February achieving its highest index reading since June 2011, said the Federal Reserve Bank of Kansas City. The month over month composite manufacturing index was at 14 in February after register..........

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