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Steel News

Imports Return to Pre-Recession Levels

Wednesday, January 02, 2013 6:04 AM

Imports Return to Pre-Recession Levels

Based on total projected imports of 33,512,516 net tons for calendar year 2012, imports for this year will be at the highest level since the recession began. The last year imports exceeded what we are projecting based on US DOC license data through December, was 20..........

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2012 Pricing in Review

Wednesday, January 02, 2013 6:03 AM

2012 Pricing in Review

Hot rolled coil average $655 per ton according to Steel Market Update (SMU) monthly average price assessments. SMU was $1 off the CRU ($656 per ton) monthly settlements against the CME HRC contract once all the numbers had been crunched. For those who are unaware, ..........

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December in Review

Wednesday, January 02, 2013 6:02 AM

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 a..........

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Bowl Games, NFL Playoffs & Steel – Welcome to the New Year

Wednesday, January 02, 2013 6:01 AM

Bowl Games, NFL Playoffs & Steel – Welcome to the New Year

Most of the month of December was spent treading water as flat rolled prices essentially ended the month where they began as the market searched for a clear direction.

The discussion for the entire month had been the same as what it has been over the p..........

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SMU Steel Buyers Sentiment Index Improves to +28

Friday, December 21, 2012 4:27 PM

SMU Steel Buyers Sentiment Index Improves to +28

Steel Market Update (SMU) Steel Buyers Sentiment Index jumped to its highest reading since the middle of August 2012. Based on survey results just completed on Wednesday of this week, SMU Steel Buyers Sentiment Index was measured at +28.

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Hot Rolled Futures: Now What?!

Monday, December 17, 2012 4:27 PM

Hot Rolled Futures: Now What?!

In financial markets, we continue to creep up on this rally that started from that low in mid November. The S+P is 1422 and up about 5% from that low. Copper is at $3.67/lb up about 7% from that low and Crude is $86.21/bbl and up about 2% from that low. The economi..........

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SMU Steel Buyers Sentiment Index Drops 7 Points to +16

Thursday, December 06, 2012 4:27 PM

SMU Steel Buyers Sentiment Index Drops 7 Points to +16

Steel Market Update (SMU) Steel Buyers Sentiment Index was measured at +16 down 7 points from the +23 registered during the middle of November survey and back to the exact same level measured at the beginning of November. Any reading above zero is considered to be ..........

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HRC Futures Drift Down; Can China Spark a Rally?

Thursday, December 06, 2012 4:23 PM

HRC Futures Drift Down; Can China Spark a Rally?

Settlement prices this week on the CME U.S. Midwest Hot Rolled futures contract have pared back recent gains as prices for cal 13 periods drifted down $10 per ton.

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Hot Rolled Futures: Dull & Drifting

Friday, November 30, 2012 4:23 PM

Hot Rolled Futures: Dull & Drifting

Since I last wrote November 9th, the S+P is up about 3 percent (all of that in the last two days). In that same timeframe copper is up about 4 percent, while Crude is up about 2 percent and Gold is unchanged.

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SMU Steel Buyers Sentiment Index Improves to +23

Wednesday, November 21, 2012 9:05 PM

SMU Steel Buyers Sentiment Index Improves to +23

Buyers and sellers of steel expressed growing optimism according to the just released results of our index which is produced twice per month. Our benchmark Steel Market Update (SMU) Steel Buyers Sentiment Index rose by seven points to +23 according to the results o..........

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