Steel News

Ethics and Your Business: Negotiation’s Golden Rule

Saturday, October 07, 2017 4:38 PM

Ethics and Your Business: Negotiation’s Golden Rule

Negotiations in the steel business can often become contentious as both parties seek to win the best price and terms. Some experts say ethical negotiating is not only the right thing to do, it’s also more likely to achieve the desired..........

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Dodge Index Declines for Fourth Month

Friday, October 06, 2017 7:42 PM

Dodge Index Declines for Fourth Month

The Dodge Momentum Index slumped 8.4 percent to a reading of 116.4 in September. The index, published by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning,..........

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Final Thoughts

Friday, October 06, 2017 12:00 PM

Final Thoughts

This evening I received a note from a reliable source advising me that AM/NS Calvert had been hit by a tornado associated with Hurricane Nate on Saturday. The information provided noted there was damage to the administration building, a..........

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SMU Steel Buyers Sentiment Index: Tempering Optimism?

Thursday, October 05, 2017 10:56 PM

SMU Steel Buyers Sentiment Index: Tempering Optimism?

Buyers and sellers of flat rolled steel continue to be optimistic about their company's ability to be successful in the current market environment as well as three to six months into the future. We are seeing signs of what has become a ..........

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HRC Futures Finding Support...BUY THEM DIPS!!!

Thursday, October 05, 2017 10:02 PM

HRC Futures Finding Support...BUY THEM DIPS!!!

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 futures market, and we believe he..........

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Flat Roll Lead Times Inch Down

Thursday, October 05, 2017 9:46 PM

Flat Roll Lead Times Inch Down

Flat rolled steel lead times have shortened up slightly since mid-September, according to the service centers and manufacturers who responded to Steel Market Update’s market trends questionnaire this week. Lead time, which is the amou..........

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Negotiations: Mills Talking Price, Say Most Steel Buyers

Thursday, October 05, 2017 9:16 PM

Negotiations: Mills Talking Price, Say Most Steel Buyers

Steel mills are even more open to price discussions than they were a couple weeks ago, which may be a reflection of weakening prices, say steel buyers who replied to Steel Market Update’s latest flat rolled market trends questionnaire..........

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Flat Rolled Steel Imports Down

Thursday, October 05, 2017 7:29 PM

Flat Rolled Steel Imports Down

Total rolled steel imports declined by 5.8 percent in the three months through September, compared with the three months through June. Sheet product imports were down by 3.9 percent on the same basis.

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Cold Rolled, Coated Imports Continue to Surge

Thursday, October 05, 2017 6:36 PM

Cold Rolled, Coated Imports Continue to Surge

Despite the major flat rolled trade cases concluded in 2016, flat rolled steel imports continue to surge. Coated imports are at their highest levels ever and cold rolled imports are near record levels. This article, by Pa..........

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Scrap Moving Toward Down $30-$40 Per Gross Ton

Thursday, October 05, 2017 6:04 PM

Scrap Moving Toward Down $30-$40 Per Gross Ton

Steel Market Update (SMU) has been speaking with a number of our ferrous scrap sources over the past few days to get a better feeling as to where scrap will trade for the month of October. Early reports are that Detroit (which tends to ..........

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