Flat rolled prices moved higher as the domestic mills announced yet another price increase this past week. There is now a large division between Platts and Steel Market Update (SMU) steel indexes as we prefer to wait a few days to let the dust settle after an increase has been announced. Benchmark hot rolled, prior […]
Mill lead times have seen little change in the past month, according to the latest data from Steel Market Update’s flat roll market questionnaire, despite the price hikes announced by the mills two weeks ago. One of the key indicators tracked by SMU, lead times reflect the activity at the mills and the order levels […]
Buyers of flat rolled steel report that domestic steel mills are tightening up negotiations a bit on spot pricing, especially on cold rolled and coated products, as would be expected following the price increases announced two weeks ago. But the majority report that mills are still generally open to price discussions as the year comes […]
Rolled steel imports into the United States declined by 12.7 percent in the three-month period from September-November, compared with the prior three months, June-August. Sheet products declined by 11.4 percent on the same basis, according to weekly licensed import tonnages reported by of the U.S. Department of Commerce on Dec. 5. The data is reported […]
As a result of this week’s preliminary circumvention ruling, Vietnamese traders here in the United States must pay the Chinese duties on the substrate used to produce cold rolled and CORE (corrosion resistant) steels if they are unable to prove the substrate used was from another country. Here’s the actual ruling: “The Department of Commerce […]
Flat rolled steel prices are firming and heading higher. SMU found hot rolled prices over the past week remaining the same as the week before. All of the other flat rolled products saw their averages move higher. Here is how we see prices this week: Hot Rolled Coil: SMU price range is $590-$640 per ton […]
Late this afternoon, the U.S. Department of Commerce released their positive determination that Vietnam and China circumvented existing antidumping (AD) and countervailing duties (CVD) on cold rolled and corrosion resistant (galvanized/Galvalume) steels. This is a significant ruling and will create issues for some trading companies and steel buyers as the ruling goes back to November […]
We had yet another week of “mixed” spot pricing in flat rolled and plate products, according to the Steel Market Update (SMU), Platts and SteelBenchmarker steel price indexes. Benchmark hot rolled was down for the week, according to the SMU and Platts steel price indexes. SMU saw the HRC price average as $615 per ton, […]
Imports of foreign steel will be much lower in November than at any time since April 2016. Based on the most recent license data released on Tuesday, Nov. 28, imports will be approximately 2.6 million tons. This is down from 3.1 million tons in October and is also less than the 2.8 million tons imported […]
Steel Market Update canvassed a large number of flat rolled and plate steel buyers during the course of the last 24 hours. The goal was to better understand where spot prices were being offered (and by whom) and if there were any differences in momentum or the negotiation positions of the various steel mills. We […]
Flat rolled steel prices were once again “mixed” with hot rolled prices higher, cold rolled lower (on SMU), galvanized lower, Galvalume no change and plate higher this past week compared to the previous week. Both Platts and Steel Market Update (SMU) saw the benchmark hot rolled price average as higher this past week. The spread […]
Flat rolled and plate steel prices are all over the place this week. We are seeing a distinct difference in pricing from those mills who still have November and December tonnage compared to those whose lead times are into January and beyond. Hot roll appears to be the strongest product with virtually all of our […]
U.S. demand for steel sheet products continued to expand through September, according to Steel Market Update’s analysis of data from the American Iron and Steel Institute (AISI) and the U.S. Department of Commerce. Apparent supply is a proxy for market demand. Demand momentum for sheet products in total was negative in the three months through […]
Flat rolled steel prices are still mixed, according to the various steel indexes followed by Steel Market Update. SteelBenchmarker produced prices this past week and saw all items as moving higher. Platts, on the other hand, had a modest increase in hot rolled and a fairly significant decrease in cold rolled while plate remained the […]
The latest lead time data based on the Steel Market Update flat rolled steel survey—largely unchanged from two weeks ago–offers no clear indication of whether this week’s price announcements by three of the flat rolled steel mills will be accepted by the marketplace. SMU began collecting responses from steel buyers on Monday of this week, […]
Buyers of flat rolled steel report that most domestic steel mills are open to negotiating spot prices, especially on cold rolled and coated products, even though the major mills announced price hikes this week. About half of the respondents to this week’s Steel Market Update market trends questionnaire reported a mixed market, with some mills […]
Flat rolled steel prices were mixed this past week. Benchmark hot rolled continues to be one of the better performing of the group. Our HRC average was up $5 per ton this week. Cold rolled was also up, galvanized was sideways and Galvalume dropped $30 per ton. Plate prices on a delivered basis were up […]
This Steel Market Update analysis breaks down the imported tonnage of six flat rolled steel products by district of entry and source country through September 2017. We believe that misinformation (or a lack of) about regional import volumes is often used to influence purchase decisions. Our intent with this analysis of tonnage by district of […]
Flat rolled prices were mixed this past week with benchmark hot rolled dropping some of its recent gains. The spread between Steel Market Update (SMU) and Platts on cold rolled shrunk compared to what we reported one week ago. Coated products were mixed with galvanized steel remaining at prior-week levels and Galvalume increasing by $10 […]
There was a surge in foreign steel imports during calendar year 2014. That high rate continued into the first half of 2015 at which time the domestic steel mills filed antidumping (AD) and countervailing duty (CVD) cases on CORE (coated steels), cold rolled and hot rolled steels. The U.S. Department of Commerce investigation found most […]
Flat rolled steel prices were mixed this week. There was no clear-cut direction being set, although the expectation is for prices to rise once lead times go into January. For that matter, we did hear from some steel buyers who placed December HRC orders for $600 per ton and at the same time placed January […]
Twice per month, Steel Market Update (SMU) conducts an analysis of the flat rolled steel markets and trends associated with those who buy and sell hot rolled, cold rolled, galvanized, Galvalume and steel plate. One of the key areas we review is how steel service centers are handling spot pricing to their end user customers. […]
Flat rolled steel prices moved higher, while steel plate prices slipped this past week, according to the steel indexes followed by Steel Market Update. Benchmark hot rolled price averages exceeded $600 per ton ($30.00/cwt) on both Platts ($620 per ton) and Steel Market Update (SMU), which was a little lower at $605 per ton. SteelBenchmarker […]
After price increase announcements, it is important to follow steel mill lead times (and other keys) as a way of seeing if the increases are being seriously considered by steel buyers. The farther and faster lead times move out, the more support for the price increases announced by the domestic steel mills. Steel Market Update […]
According to the buyers and sellers of flat rolled steel, the domestic steel mills are willing to negotiate spot steel prices. The percentages of those reporting the mills as willing to negotiate has shrunk, but continues to be well above 50 percent. This is a bit of a surprise considering the price announcements made in […]
We have been watching the market very carefully looking for signs of a complete change in momentum, which would spur prices to move higher over time. We are finding hot rolled and cold rolled prices strengthening at the lower end of the range, and there have been some adjustments to coated products on a weekly […]
Flat rolled steel prices were seen as bouncing higher, according to the Platts steel indices. Platts had hot rolled up $22 per ton to $613.75 (we rounded it to $614), while SteelBenchmarker was down $10 to $600 per ton. Steel Market Update reported HRC down $5 to $580 per ton. We saw a similar change […]
It has only been one week since ArcelorMittal USA increased flat rolled steel prices. As the week progressed, it became obvious that steel mills were reacting to the price announcements in different ways. We heard from steel buyers that some mills withdrew open quoted pricing and repriced at new levels at least $40 per ton […]
The trend for foreign steel imports into the United States continues to be right at 3 million net tons for the month of October. The U.S. Department of Commerce (DOC) updated license data collected for the month of October through today, Oct. 24. We take the license data for the first 24 days of the […]
Many of the domestic steel mills raised prices on Tuesday and Wednesday of this past week. ArcelorMittal USA lead the way by announcing specific “minimum” base prices on hot rolled ($625 per ton), and cold rolled and galvanized steels ($825 per ton each). The other mills all announced $40 per ton price increases (which to […]