Nucor increases spot HR price by $5/ton
Nucor announced on Monday, June 22, that its consumer spot price (CSP) for hot-rolled coil will be $1,130 per short ton for the week, up $5/st from last week.
Tag: Lead Times
HR Futures: Market sees longer rally, higher peak
The US HRC futures curve has continued to move higher, particularly in the deferred months, suggesting the market is pricing a slower return to balance.
Final Thoughts: Q4 peak or strong into 2027 (and beyond)?
SMU released May service center inventories on Monday. And if you’re a premium subscriber, I recommend reading the report (here) if you haven’t already.
Final Thoughts: What summer doldrums?
Summer doldrums? Not this year! SMU’s latest steel market survey indicates that an increasing number of steel buyers think prices will continue to rise along with the mercury.
SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members.
SMU Survey: Sheet and plate lead times extend further
Steel mill lead times extended this week on both sheet and plate products, now at multi-year highs.
HR buyers remain hopeful imports can meet spot demand
Some domestic spot market buyers say they're seeking imported hot-rolled (HR) coils.
Final Thoughts: Is the spot ton an endangered species?
Has anyone seen a creature called the “spot ton” in the wild? I ask because they used to be a common sight. And now I hear they’re endangered.
Final Thoughts: What to watch if you're looking for a peak
Most companies making steel are making a lot money. And they will continue to as current high prices flow into contracts in Q3. I don’t want to kill the vibe. (No one likes that guy.) But let’s put on your risk-manager cap for a second and imagine what might keep everything from moving up and to the right indefinitely.
Plate market says, 'the heat is on,’ as prices and demand soar
Participants in the plate market doubt prices, lead times, and demand forces will cool down any time soon.
Hot-rolled coil market participants accept delays, price increases
Participants in the hot-rolled coil spot market revealed that growing discomfort with current market dynamics hasn't deterred them from conducting spot transactions.
SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members.
SMU Survey: Sheet and plate lead times hold at extended levels
Steel mill lead times remain at or near multi-year highs for all sheet and plate products.
Extending lead times a top concern for frustrated plate buyers
Market participants report frustration with extending lead times for domestically produced plate products.
Metalformers expect stable market conditions to continue through the summer
The May Business Conditions Report issued by the Precision Metalforming Association (PMA) found metalforming manufacturers anticipate stable market conditions for the next three months.
AMU Survey: Tightening aluminum market not met by inventory rebuilding
AMU's May aluminum market survey showed lengthier rolled product lead times coupled with shrinking extrusion and primary booking windows, though inventory building and forward demand sentiment remained cautious.
CRU: Import volumes remain low, keeping supply tight in the USA
US domestic steel prices continued to increase for most products as demand remained resilient amid tight supply. Domestic sheet and plate prices increased over the past month, while long products prices were mostly stable, with only structural and merchant bar prices edging up higher.
Plate sources face challenging market forces amidst strengthening demand
Domestic plate market participants named extended lead times, increased freight costs, escalating fuel surcharges, and spotty demand as their most recent challenges.
HARDI: HVAC market predicts bullish streak sustains through summer
Galvanized steel buyers and distributors expect tightening supply and rising price pressure to last into summer.
Final Thoughts: Stronger for longer still in effect
SMU released its latest steel market survey results on Friday. The main takeaway: the stronger for longer narrative is still very much in the house.
With US prices high and lead times long, some sheet buyers eye imports
Sources told SMU they’ve begun considering whether US imports of sheet might benefit the overall market.
SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members.
SMU Survey: Sheet and plate lead times remain extended
SMU Survey: Sheet and plate lead times remain extended, according to buyers responding to our latest market survey.
Final Thoughts: Steel is (quietly) partying like it's 2021
The current rally in sheet prices has lasted more than seven months, something without recent precedent. Unless your definition of recent includes the snapback in demand following the pandemic.
SMU Price Ranges: Sheet, plate extend gains as better demand enters the chat
Sheet and plate prices remained on an upward trend as industry sources increasingly asked whether improved demand might be driving the market as much as limited supply.
SMU's Mill Order Index improved in March
SMU’s Mill Order Index (MOI) recovered in March, gaining some momentum after a marginal decline in February.
SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members.
SMU Survey: Sheet and plate lead times hold at elevated levels
Steel mill lead times continue to hold at or near multi-year highs for both sheet and plate products, territory they have been in two months.
Plate market reports hot and cold weekly conditions
Recent conversations with plate market participants across the US revealed a wide range of experiences contingent on a variety of factors.
Steel Market Chatter: Survey says tariff policies helping some
According to the latest findings from SMU’s survey, more respondents answered that President Trump’s tariff policies have been helpful to their businesses than in the prior survey.