Steel Products
December in Review
Written by John Packard
January 2, 2013
The month of December was best illustrated by the SMU Price Momentum Indicator which spent the entire month stuck in Neutral as flat rolled spot prices essentially moved sideways through the month. Whether using our index or the CRU price assessments, the monthly average on hot rolled was very close to where prices were measured as the month began.
Scrap prices moved sideways (rolled over from November) as negotiations concluded for the month of December.
Commodity prices – zinc, aluminum and iron ore all moved higher during the month of December.
John Packard
Read more from John PackardLatest in Steel Products
Zekelman to invest up to $120M at Atlas Tube subsidiary
Zekelman Industries will invest up to $120 million to expand the manufacturing capabilities and product offerings of its Atlas Tube subsidiary in Mississippi County, Ark.
Leibowitz: Unpacking Biden’s big announcements on steel and trade
Last week gave us a glimpse into the effect of the 2024 election campaign on trade policy. In a major announcement, the Biden administration pressed the US Trade Representative (USTR) to triple certain Section 301 tariffs on steel and aluminum. It’s a lot to unpack. You can find the full text of the announcement here. […]
ArcelorMittal to produce electrical steel with IRA funding
After receiving a hefty federal tax credit, ArcelorMittal plans to produce non-grain-oriented electrical steel (NOES) in Alabama. ArcelorMittal Calvert LLC received a tax credit of $280.5 million for the project, according to a Department of Energy (DOE) announcement on Friday. The Qualifying Advanced Energy Project Credit (48C) tax credit is meant to accelerate clean energy […]
Active rig count rises in US, falls in Canada
Drilling activity increased in the US but declined in Canada, according to the latest data from Baker Hughes.
Rig count falls in US, rises in Canada
Drilling activity decreased in the US but rose in Canada in the week ended April 12, according to the latest data from Baker Hughes.