Tag: Galvalume

The table below provides a quick look at the status of important commodity inputs used in the steel making or coating process (zinc and aluminum are used to make galvanized and Galvalume, etc.):  

Steel Market Update follows a number of flat rolled steel price indexes and all of the indexes that reported to SMU this week saw benchmark hot rolled prices declining this past week. Three indexes reported double digit reductions in their HRC averages (Steel Orbis did not supply prices for this past week) and the average […]

Steel Market Update (SMU) Steel Buyers Sentiment Index averaged +39.5 which was down from the +43.5 reported during the month of January. Our SMU Price Momentum Indicator went from Neutral to Lower as we adjusted our indicator to reflect the dropping steel prices which we expect to continue over the next 30 days. Benchmark hot […]

The U.S. Department of Commerce recently released updated import statistics including preliminary January figures. According to the latest data, total steel imports in January were 3,172,481 net tons (NT), up 26.6 percent compared to the 2,506,795 NT imported in December. Total February imports are projected to be 3,012,761 NT, a 5.0 percent decrease over January. […]

Hot rolled prices continue to be the weakest of the flat rolled products with most buyers reporting $640 as readily available and we heard of only one mill (with limited to no spot tons available) holding firm at $660 (and we expect collecting few to no spot orders at that price level). Cold rolled continues […]

This is the fourth week in February and our third forecast regarding foreign imports into the United States. What Steel Market Update does each week (except the first week of the month) is to review the U.S. Department of Commerce import license data and then, based on the most recent numbers, project import levels by […]

Steel prices continue to drop on most, if not all, of the indexes followed by Steel Market Update. Benchmark hot rolled coil was referenced at $645 per ton by both Steel Market Update and Platts. CRU had HRC pegged a few dollars higher at $649 per ton. SteelBenchmarker, which is part of World Steel Dynamics, […]

Domestic mill lead times hardly budged according to our most recent SMU steel market survey of the flat rolled steel market. Those participating in our survey put the average hot rolled lead time at 3.70 weeks. This is down slightly from the 3.89 weeks measured at the beginning of the month. The three month moving […]

All flat rolled steel prices, with the exception of cold rolled (and plate which we do not currently measure), were reported as being more negotiable at the domestic mills this past week. This result is based on the Steel Market Update proprietary flat rolled steel market survey which was concluded last Thursday (February 20th). Eighty-eight […]

Flat rolled steel prices were mixed compared to this time last week. The combination of our survey coupled with direct channel checks found hot rolled and galvanized prices slightly weaker while cold rolled and Galvalume prices remained the same as last week. The SMU Price Momentum Indicator continues to reference prices as moving lower over […]

Galvanized steel buyers need to be aware that zinc prices have been rising since the beginning of February. The metal is close to its one year high but still has a ways to go before reaching the level at which the domestic mills last raised coating extras on galvanized steels. Zinc has been trading around […]

The move by the domestic mills to reach $700+ per ton hot rolled is nothing but a blur in the rear view mirror according to the various steel indexes followed by Steel Market Update. Flat rolled steel prices fell across the board on hot rolled, cold rolled, galvanized and Galvalume steels this past week. The […]

We have posted the latest imports by product, port and country in the Premium section of the website. The most recent data is through the end of 2013. Some of the highlights include totals for hot rolled, cold rolled, galvanized and  “other metallic coated” which is primarily Galvalume. This report provided information which can help […]

During the month of January, Steel Market Update provided steel import forecasts for the month of January based on the weekly license data provided by the U.S. Department of Commerce. As we have explained previously, license data can be quite misleading compared to the final Census numbers. However, we did receive a number of emails […]

Prepainted flat rolled imports were mixed in December over November, with imports increasing for prepainted galvanized and electro-galvanized but decreasing for prepainted cold rolled and Galvalume. Overall, the four prepainted products tracked by SMU fell a combined 1,216 net tons (NT) or 5.5 percent over the previous month. Compared to the same month one year […]

Perhaps one of my steel sources described the current environment surrounding the flat rolled steel industry best when they said, “Welcome to the Charles Dickens version of the steel industry – ‘It was the best of times, it was the worst of times. It was the season of hope, it was the winter of despair…’ […]

December 2013 U.S. exports for all steel products fell 7.2 percent over November to 871,384 net tons (NT). Compared to December of the previous year when total exports were 969,783 NT, December 2014 exports were down over 10.1 percent. December tonnage was below both the 3 and 12 month moving average (MMA). The primary countries […]

Based on the results of our steel market survey which we just completed this afternoon, lead times out of the domestic mills remained relatively constant compared to what we reported during the middle of January. Hot rolled lead times slipped to 3.89 weeks (average) down from 4.09 weeks. Cold rolled remained over 6 weeks at […]

I want to take a moment to thank Mark Bush, General Manager Mobile Operations for SSAB Americas as well as Brent Major of SSAB Americas for their hospitality during our tour of the SSAB Mobile steel facilities as part of our most recent Steel 101 workshop. Our group was impressed with the steelmaking  as well […]

Our market survey captured lower prices in hot rolled and cold rolled this week compared to last. Galvanized and Galvalume prices were unchanged. Here is how we are seeing prices this week: Hot Rolled Coil: SMU Range is $640-$680 per ton ($32.00/cwt- $34.00/cwt) with an average of $660 per ton ($33.00/cwt) FOB mill, east of […]

Using December license data, total 2013 imports are projected to have been 32,146,101 net tons (NT). This is a decrease of 4.0 percent from the 33,474,544 NT imported in 2012, however when compared to 2011 figures, 2013 total imports were up 12.7 percent. Looking back to 2007, prior to the recessionary period and where trade […]

On January 14, Steel Market Update (SMU) adjusted our Price Momentum Indicator from Higher to Neutral. This means we see steel market pricing at this moment as either in transition or moving sideways over the next 30 days. With ferrous scrap prices now weakening, lead times shortening and all of the available capacity back in […]

During the month of January we saw scrap prices rise $5 to $16 per gross ton compared to December 2013 pricing. Iron ore prices dropped on both 62% Fe and 58% Fe (spot prices are based on Chinese spot sales). Zinc and aluminum prices used to coat galvanized, Galvalume, Galfan, aluminized, ZAM both dropped by […]

The two strongest products during the month of January were cold rolled (fully annealed) and plate. Both of these products saw spot price appreciation during the month. Hot rolled was a mixed bag with SMU now holding the lowest average at $665 per ton as of last week. At one point during the month every […]

Steel Market Update follows a number of indexes and their average price points on hot rolled, cold rolled, galvanized, Galvalume as well as plate. Steel Market Update (SMU) found prices slipping on three of the four products we currently index – hot rolled, galvanized and Galvalume. CRU also picked up some modestly weaker numbers as […]

During the month of January Steel Market Update (SMU) adjusted our Price Momentum Indicator from Higher to Neutral. Benchmark hot rolled prices averaged $673 per ton ($33.65/cwt) according to the Steel Market Update index. CRU posted their monthly average at $676 per ton ($33.80/cwt). You can find the balance of our weekly and monthly averages […]

Using December license data, total 2013 imports are projected to have been 32,146,101 net tons (NT). This is a decrease of 4.0 percent from the 33,474,544 NT imported in 2012, however when compared to 2011 figures, 2013 total imports were up 12.7 percent. Looking back to 2007, prior to the recessionary period and where trade […]

Steel buyers reported a mixed bag this week with some mills quoting extremely long lead times (hot rolled at 6-8 weeks) while others were still willing to discuss pricing in early February if a reasonable order was connected to the competitive quotation. One service center executive told us about mill lead times, “USS is in […]

David Phelps warned our readers not to put too much stock in the U.S. Department of Commerce license data, which he felt could be very misleading.  Our initial forecast for January steel imports produced through the aid of the import license data from the 14th and again on the 21st of January indicated a possible […]

Steel Dynamics reported solid earnings on Monday with Q4 2013 net income of $55 million on net sales of $1.9 billion, somewhat short of Q4 2012 net income of $61 million on sales of $1.7 billion.  Full year income was $189 million, up from $164 million in 2012.  Net sales for the year totaled $7.4 […]