Registration is in full swing for the 2021 Tampa Steel Conference, which will be held virtually on Feb. 2, 2021. Here are just a few of the companies already registered to attend (those with an asterisk * mean more than one person is registered for the event): All Metals*, ArcelorMittal Dofasco*, Bank of America Merrill […]
Let’s play “fun facts.” Last week Steel Market Update published our average hot rolled spot price as $885 per ton ($44.25/cwt). With the domestic steel mills asking $900-$960 per ton for new orders of spot (if they are offering at all, which is a separate issue all by itself) SMU expects HRC spot prices to […]
Let’s play “fun facts.” Last week Steel Market Update published our average hot rolled steel spot price as $885 per ton ($44.25/cwt). With the domestic steel mills asking $900-$960 per ton for new orders of spot (if they are offering at all, which is a separate issue all by itself) SMU expects HRC spot prices […]
Steel Market Update is working in partnership with Port Tampa Bay to conduct the 32nd annual Tampa Steel Conference which will be held virtually on Feb. 2, 2021. We will host the event on a platform similar to the one used for the SMU Steel Summit Conference in August. This platform provides unique networking opportunities for […]
Steel Market Update is working in partnership with Port Tampa Bay to conduct the 32nd annual Tampa Steel Conference which will be held virtually on Feb. 2, 2021. We will host the event on a platform similar to the one used for the SMU Steel Summit Conference in August. This platform provides unique networking opportunities for […]
Steel Market Update is working in partnership with Port Tampa Bay to conduct the 32nd annual Tampa Steel Conference which will be held virtually on Feb. 2, 2021. We will host the event on a platform similar to the one used for the SMU Steel Summit Conference in August. This platform provides unique networking opportunities for […]
Steel Market Update is working in partnership with Port Tampa Bay to conduct the 32nd annual Tampa Steel Conference which will be held virtually on Feb. 2, 2021. We will host the event on a platform similar to the one used for the SMU Steel Summit Conference in August. This platform provides unique networking opportunities for […]
Iron ore surged in early-December as Vale’s lowered guidance fueled concerns about iron ore availability going into 2021. Short-term market tightness also contributed to the rise as Chinese demand remained strong, while seaborne supply has continued to struggle. On Tuesday, Dec. 8, CRU assessed the 62% Fe fines price at $147.0 /dmt, an increase of $15.5 /dmt […]
By CRU Principal Analyst Josh Spoores, from CRU’s Steel Sheet Products Monitor U.S. Steel announced the full buyout of Big River Steel this week, while Cleveland-Cliffs closed on its acquisition of ArcelorMittal’s U.S. assets. In any other week, these headlines would drive the news flow for steel buyers and sellers. However, news this week remains […]
By CRU Senior Analyst Ryan McKinley, from CRU’s Steel Metallics Monitor The CRU metallics price indicator (CRUmpi) rose by 20.2% m/m in December to 275.2. This large increase was driven by a rapid acceleration in global finished steel pricing. Even with this large m/m increase for December, we again expect metallics prices to rise in […]
By CRU Senior Analyst Erik Hedborg from CRU’s Steelmaking Raw Materials Monitor The iron ore price rally has continued in the past week as the market tightness worsened, with continued strong demand while seaborne supply has taken a major hit following the halting of operations at Australia’s two largest iron ore ports due to bad weather. […]
No one anticipated in August how quickly prices would go up, said CRU Principal Analyst Josh Spoores during this week’s SMU Community Chat Webinar. As four criteria lined up—steel-intensive industrial demand, low supply chain inventories, low imports, and domestic prices below global levels—steel prices in the U.S. surged at the fastest rate in 41 years, […]
On Tuesday and Wednesday of this week, I will be an instructor at our Steel 101: Introduction to Steel Making and Market Fundamentals Workshop. We have a full class with a mixture of steel service centers, manufacturing companies, steel mills, traders, analysts, and suppliers to the industry. I am looking forwarding to discussing supply, demand, […]
Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. David has over 20 years of trading experience in financial markets and has been active in the ferrous futures space for over eight years. You can learn more at www.thefeldstein.com or add him on twitter @TheFeldstein and on Instragram at #thefeldstein. During the […]
Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. David has over 20 years of trading experience in financial markets and has been active in the ferrous futures space for over eight years. You can learn more at www.thefeldstein.com or add him on twitter @TheFeldstein and on Instragram at #thefeldstein. This week, […]
Steel Market Update’s latest foreign vs. domestic hot rolled steel price comparison shows that steel imports continue to become more enticing to U.S. buyers, according to the latest SMU and CRU price indices. U.S. producers have again lost their price advantage over HRC imports from Far East Asia, and imports from Germany and Italy are […]
2020/2021 Workshops and Conferences Schedule The next nine months will be busy for Steel Market Update as we conduct two conferences (one virtual and one live), and we have currently scheduled five workshops. We anticipate the number of workshops will grow as the year progresses. We have added new hedging workshops and the Tampa Steel […]
2020/2021 Workshops and Conferences Schedule The next nine months will be busy for Steel Market Update as we conduct two conferences (one virtual and one live), and we have currently scheduled five workshops. We anticipate the number of workshops will grow as the year progresses. We have added new hedging workshops and the Tampa Steel […]
Yesterday (Wednesday, Dec. 2) we hosted one of our SMU Community Chat Webinars. The guest speaker was Josh Spoores, Principal Analyst and editor of the Sheet Monitor for CRU. I thought it was one of the best presentations and discussions we have ever had at one of our webinars. You can see a recording and […]
On Wednesday, December 2nd Steel Market Update will host another in our series of free webinars with CRU Principal Analyst and editor of the CRU Sheet Monitor – Josh Spoores. Packard and Spoores will chat for about 30 minutes on CRU’s steel sheet forecast for 2020-2021. We will discuss demand, production, and steel prices with […]
On Wednesday, Dec. 2, Steel Market Update will host another in our series of free webinars featuring CRU Principal Analyst and Editor of the CRU Sheet Monitor – Josh Spoores. Spoores and SMU President and Publisher John Packard will chat for about 30 minutes on CRU’s steel sheet forecast for 2020-2021. We will discuss demand, […]
It is Tuesday, Dec, 1, 2020, and the U.S. has just returned from Thanksgiving. I hope everyone enjoyed their long weekend and did what was necessary to remain safe as we wait for the COVID-19 vaccines to be distributed around the world. There is a light at the end of this long journey we have […]
“Market’s great if you have supply.” I was speaking with a service center this afternoon who told me on Monday of this week they were selling spot hot rolled out of inventory at $840 per ton. Then Nucor raised their spot HRC number for February to $840 per ton. Today, all items through this service […]
“Market’s great if you have supply.” I was speaking with a service center this afternoon who told me on Monday of this week they were selling spot hot rolled out of inventory at $840 per ton. Then Nucor raised their spot HRC number for February to $840 per ton. Today, all items through this service […]
Steel Market Update’s latest foreign vs. domestic hot rolled steel price comparison shows that steel imports have become more enticing to U.S. buyers than in previous months, according to the latest SMU and CRU price indices. In our previous update in early November, U.S. producers had lost their price advantage over HRC imports from Far East […]
The Tampa Steel Conference will be held virtually on Tuesday, Feb. 2, 2021. This will be the 32nd year for the conference and, even though we cannot be in Tampa in person, SMU along with our partner Port Tampa Bay are putting together a great lineup of speakers. Here are some of the speakers already confirmed: […]
The Tampa Steel Conference will be held virtually on Tuesday, Feb. 2, 2021. This will be the 32nd year for the conference and, even though we cannot be in Tampa in person, SMU along with our partner Port Tampa Bay are putting together a great lineup of speakers. Here are some of the speakers already confirmed: […]
Flat Rolled = 43.1 Shipping Days of Supply Plate = 45.9 Shipping Days of Supply Flat Rolled Service center flat roll inventories fell to a new low in October, amid extending mill lead times and shipment delays. Service centers carried 43.1 shipping days of supply at the end of October, which is a 3.8 percent […]
The Perfect Storm: Long lead times, late deliveries, low service center inventories, strong demand, higher prices, lack of foreign steel imports, mill outages both planned and unplanned, maximum capacity utilization rates at a number of mills, NLMK USA strike, higher ferrous scrap prices that are expected to go much higher in the coming months, restrictions […]
You may be thinking about participating in one of our upcoming Steel 101: Introduction to Steel Making & Market Fundamentals Workshops, but wonder what it’s like to learn virtually. If you have school age kids, you already know that so many of us have adapted to online learning. Here at SMU, we’ve had to pivot from our live and in […]