License data for July was updated on August 5th through the Steel Import Monitoring System of the US Commerce Department. The SMU publishes several import reports ranging from this very early look using licensed data to the very detailed analysis of final volumes by district of entry and source nation which is published in our […]
Big River Steel CEO John Correnti says government should “stay out” of private industry. What appeared to be a contradiction after receiving more than $125 million in incentives from the state of Arkansas, Correnti stated in an interview with Arkansas Business that states have to invest in big business in order to stay competitive, but […]
Steel Dynamics has announced the purchase of the Severstal Columbus steel mill for $1.625 billion in cash. According to the mill the purchase price will be financed with available cash and debt. The Columbus mill expands their hot rolled steel production by 3.4 million tons and broadens their product portfolio as well as geographical reach […]
Total steel shipments (all products) out of the U.S. service centers totaled 3,687,600 tons according to data released by the Metal Service Center Institute (MSCI) for the month of June. This represents an increase of 10.2 percent compared to June 2013. There were 21 shipping days during June 2014 compared to 20 shipping days last […]
Total service center carbon steel shipments in June declined by 56,500 tons to 3.527 million tons. This was almost exactly the same decline as experienced in May and which together almost wiped out the April gain. Shipping days were 21 in June, the same as in April and May. April was the highest monthly shipping […]
Canadian shipments for all steel products in the month of June were 481,000 net tons, a decrease of 5.6 percent from the month before, but an increase of 6.0 percent from June 2013. Inventories at the end of the month stood at 1,391,100 tons, up 0.4 percent from last month but down 6.3 percent from […]
We have had a number of end users and service centers who are against the filing of any new steel trade cases contact us to express their opinions. Most do not want to be identified. We received the following letter to the editor from an executive at a service center who asked that we not […]
The following article comes from one of our contributing writers, Peter Brebach. Peter is an active trader who deals in the pipe and tube markets and understands the impact of the US Department of Commerce final determination on oil country tubular goods (OCTG). Here is what Peter has to say: The just published final determinations […]
AISI Press Release – WASHINGTON, D.C. – The American Iron and Steel Institute (AISI) and more than 40 other associations are urging the State Department to move ahead toward completion of the Keystone XL pipeline. In a letter to Secretary of State John Kerry, in whose jurisdiction the pipeline evaluation process lies, the groups state […]
The fact that steel prices have been moderating and, in some cases, moving lower has not dented the enthusiasm buyers and sellers of flat rolled steel are showing based on the Steel Market Update Steel Buyers Sentiment Index. The latest market analysis produced during the middle of June is pegging Sentiment at +57, up 3 […]
Steel imports in May increased 7.4 percent from April to 4 million net tons, a 41.5 percent increase over May imports in 2013. The year-to-date total is now 17.5 million net tons, 31.7 percent higher than the same period last year. Steel imports have been a headline issue for the steel industry in the last […]
“Following the doubling of steel production from 849 million tonnes in 2000 to 1.6 million tonnes in 2014, we are likely entering a period of consolidation, or at the very least, much reduced growth.” That is the opinion of Becky Hites, analyst and president of Steel-Insights, LLC in a June 7, 2014 report, Fixed Asset […]
Steel imports in May increased 7.4 percent from April to 4 million net tons, a 41.5 percent increase over May imports in 2013. The year-to-date total is now 17.5 million net tons, 31.7 percent higher than the same period last year. Steel imports have been a headline issue for the steel industry in the last […]
The fact that steel prices have been moderating and, in some cases, moving lower has not dented the enthusiasm buyers and sellers of flat rolled steel are showing based on the Steel Market Update Steel Buyers Sentiment Index. The latest market analysis is pegging Sentiment at +57, up 3 points from our last measurement conducted […]
Canadian shipments for all steel products in the month of May were 509,700 net tons, an increase of 2.7 percent from the month before, but a decrease of 1.0 percent from May 2013. Inventories at the end of the month stood at 1,384,900 tons, down 3.3 percent from last month and down 9.0 percent from […]
“Following the doubling of steel production from 849 million tonnes in 2000 to 1.6 million tonnes in 2014, we are likely entering a period of consolidation, or at the very least, much reduced growth.” That is the opinion of Becky Hites, analyst and president of Steel-Insights, LLC in a June 7, 2014 report, Fixed Asset […]
The following article was written by Peter Brebach, CEO of Iron Angels of Colorado. Peter is a trader who imports pipe and tube products into the United States and is well versed on the current oil country tubular goods (OCTG) issues facing the domestic steel mills. Here is his article on the subject: Import licenses […]
Licensed data for May was updated on June 3rd through the Steel Import Monitoring System of the US Commerce Department. The SMU publishes several import reports ranging from this very early look using licensed data to the very detailed analysis of final volumes by district of entry and source nation which is published in our […]
Licensed data for May was updated on June 3rd through the Steel Import Monitoring System of the US Commerce Department. The SMU publishes several import reports ranging from this very early look using licensed data to the very detailed analysis of final volumes by district of entry and source nation which is published in our […]
The “Buy America” plan for federally subsidized projects is problematic for two major U.S. steel mills owned by foreign companies. The push to use American sourced steel products in infrastructure projects is keeping NLMK USA and California Steel Industries (CSI) out of the running for bids on projects—a problem the companies are hoping to rectify […]
The “Buy America” plan for federally subsidized projects is problematic for two major U.S. steel mills owned by foreign companies. The push to use American sourced steel products in infrastructure projects is keeping NLMK USA and California Steel Industries (CSI) out of the running for bids on projects—a problem the companies are hoping to rectify […]
US steel service centers shipments for all steel products during the month of April were 3,087,300 net tons, an increase of 3.6 percent from the March shipments, and an increase of 4.9 percent from April 2013 levels. Steel inventories at the end of the month were 8,617,500 tons, an increase of 4.3 percent from the […]
Canadian steel service center shipments for all steel products during the month of April were 496,300 net tons, a decrease of 0.7 percent from the month before, and a decrease of 5.6 percent from April 2013. Inventories at the end of the month stood at 1,431,800 tons, a decrease of 2.7 percent from last month, […]
More than 200 Ohio steel workers and supporters gathered at a rally outside US Steel Lorain Tubular Operations on May 5 to urge the federal government to protect the Northeast Ohio steel industry from unfair foreign competition. “Northeast Ohio’s steelmakers and workers can compete against anyone in the world—when given access to a level playing […]
When Nucor announced their earnings on April 24th they held a conference call with analysts to discuss their business and to make statements about their company, the markets they serve and about the economy in general. John Ferriola, Nucor’s Chairman, CEO and President, provided an opening statement during which he made the following remarks regarding […]
Total service center carbon steel shipments in March rose by 283,700 tons to 3.515 million tons, more than making up for the February decline. Shipping days increased from 20 in February to 21 in March. Tons per day (t/d) shipments rose from 161,600 tons in February to 167,400 in March, both on a non-seasonally adjusted […]
Canadian service center steel shipments for all carbon steel products were reported at 499,700 net tons (NT) in March, up 11.4 percent over February figures and up 5.8 percent from March 2013 shipments. With 21 shipping days in March, daily steel shipments are calculated to have been 23,800 tons per day, up from 22,400 tons […]
The Metals Service Center Institute (MSCI) published March shipment and inventory data earlier today. Here is a brief synopsis of the numbers and Steel Market Update will produce a more detailed report in Thursday evening’s issue combined with our own inventory results from this week’s survey. Total steel shipments (all products) were 3,675,200 tons during […]
The following is a report which is normally provided to only our Premium Level members. It is a detailed analysis of flat rolled, long products and semi-finished imports through the month of March 2014. Written by Peter Wright, we analyze how accurate license data is and provide a table using three month moving averages to […]
Total service center carbon steel shipments in February declined by 225,000 tons but this was because shipping days declined by two to twenty. Tons per day (t / d) shipments rose from 158,500 tons in January to 161,600 in February. Intake was 162,820 t / d leading to a monthly surplus of 24,400 tons and […]