Tag: Cold-Rolled Coil

The majority of SMU’s sheet and plate price indices rose this week, with multiple products climbing to new multi-month highs

Greer Steel Co. has been purchased by Mutares SE & Co., an international private equity holding company based in Munich.

Worthington Steel executives emphasized on an earnings conference call on Thursday that the company’s standout fiscal Q2 performance came from capturing new automotive business, with direct automotive shipments rising 26% year over year.

Following last week’s pause, SMU’s price indices were overall steady to higher this week, holding at or near multi-month highs.

Participants in the domestic coil market hope producer price increases indicate strong market conditions entering the new year.

SMU’s sheet and plate prices took a breather this week, holding relatively steady at multi-month highs.

All of SMU’s sheet price indices rose this week, climbing to new multi-month highs. At the same time, our plate index held steady.

All five of SMU’s sheet and plate price indices increased this week for the second week in a row, with all products inching up to new multi-month highs. Prices are now up by $30-70/st compared to those seen four weeks ago.

Mills are less willing to talk price on spot orders on all the sheet products SMU tracks, but plate has veered the other way, according to our market survey this week.

US sheet market participants say demand for hot- and cold-rolled coils has not increased, leaving them confused by mill price increases and average lead times.  

NLMK USA is aiming to increase base prices on all products, effective immediately.

Sheet steel indices increased across the board this week, while plate prices held steady. All five of SMU’s price indices are higher than they were two weeks ago, and all but one are above levels recorded four weeks ago.

NLMK USA plans to increase prices for hot-rolled and cold-rolled coil by at least $50 per short ton (st). The move is effective immediately for all spot orders, the steelmaker said in a letter to customers on Friday.

Mills are more willing to negotiate spot prices for both sheet and plate products, according to our latest market survey results.

The American Iron and Steel Institute reported a decline in the monthly shipments of US mills from July to August.

Canadian flat-rolled steelmaker Algoma Steel is reconsidering its presence in the US market after the doubling of US Section 232 tariffs on imported steel to 50%, a company spokeswoman said.

Sheet and plate prices were flat or lower this week as less discounting from domestic mills was offset by few signs of an anticipated rebound in demand.

Cold-rolled (CR) coil prices ticked up in the US this week, matching a similar trend seen in offshore markets as well.

Hyundai has reaffirmed its commitment to build a steel plant in Louisiana following a US government immigration raid at its battery facility in Georgia.

Cold-rolled (CR) coil prices ticked lower in the US this week, while prices in offshore markets mostly diverged and ticked higher.

Cold-rolled (CR) coil prices ticked lower in the US this week, while prices in offshore markets diverged and ticked higher.

Sheet and plate lead times held steady yet again this week, according to steel buyers responding to our latest market survey, a trend in place since May.

Steel prices remained largely unchanged this week, staying at or near lows last seen in February. All five sheet and plate products tracked by SMU moved by no more than $5 per short ton (st) from the previous week.

Cold-rolled (CR) coil prices continued to decline in the US this week, while prices in offshore markets diverged and ticked higher.

All five of SMU's steel sheet and plate price indices declined this week, falling to lows last seen in February.

Most steel buyers continue to report that mills are open to negotiating spot prices. Negotiation rates have remained high for most of the past three months.

Sheet and plate prices were either flat or modestly lower this week on softer demand and increasing domestic capacity.

Sheet prices slipped again this week amid discounting from certain mills and ongoing concerns about demand.

Cold-rolled (CR) coil prices continued to decline in the US this week, while prices in offshore markets ticked higher.

Steel prices continued to decline this week across all of the sheet and plate products tracked by SMU, pressured by short lead times and the typical summer slowdown.