Total steel mill product exports in September were 1,022,050 net tons, a 10.93 percent decrease from October tonnage of 1,147,411 NT. September exports are reported to be at their lowest levels since December 2012. Semi-finished exports were reported to be 2,678 NT, down 93.55 percent from August tonnage of 86,065 NT, but this is most […]
The Metal Service Center Institute (MSCI) released their service center shipment and inventory data for the month of October 2013. Total steel shipments (all products) were reported to be 3,791,600 tons. October, which had 23 shipping days compared to September with 20 days, had a daily shipping rate of 164,900 tons down from September’s 169,000 […]
Canadian service centers saw their daily shipping rate (all products) fall from 23,800 tons per day in September to 22,100 tons per day in October. The distributors shipped a total of 486,800 tons of steel during October according to the MSCI. This represents a 1.2 percent improvement over October 2012. The number of shipping days […]
Total service center carbon steel shipments declined by 241,500 tons in September compared to August but shipping days also declined by two. As a result, tons per day shipments increased from 158,100 to 161,800. Month end inventory increased by 2,000 tons to 7,604,000 tons. Intake improved from 162,210 tons per day in August to 166,940 […]
September rose slightly from end of August numbers. The 8,031,400 tons reported by the Metal Service Center Institute (MSCI) is still 8.4 percent below the levels held by the distributors at the end of September 2012. The number of months of inventory on hand was reported to be 2.4 months on an unadjusted basis and […]
Canadian shipments for all steel products in the month of September were 474,900 net tons, a decrease of 0.8 percent from the month before but an increase of 1.1 percent from September 2012. Inventories at the end of the month stood at 1,297,700 tons, a decrease of 6.6 percent from last month and a decrease […]
Over the past week we have been receiving a number of calls and emails regarding both John Anton’s (IHS Global Insight) forecast for higher steel prices as we move into 2014 and Andre Marshall’s (Crunch Risk, LLC) hot rolled futures article where he points out that the market fundamentals will force flat rolled steel prices […]
Big River Steel received its air quality permit from the Arkansas Department of Environmental Quality on Sept. 19, clearing the way for final financing and preparation for construction. The company plans on breaking ground between Thanksgiving and Christmas 2013. The construction of the $1.1 billion plant is projected to take 18 months and provide […]
Canadian shipments for all steel products in the month of August were 478,700 net tons, an increase of 4.2 percent from the month before but a decrease of 6.8 percent from August 2012. Inventories at the end of the month stood at 1,388,800 tons, a decrease of 5.0 percent from last month and a decrease […]
Year to date through July, net imports of steel sheet products have been steadily declining as those of long products have been steadily increasing, (Figures 1 and 2). Net imports are defined as imports minus exports and at times can be negative for individual products when exports exceed imports. In the case of flat rolled […]
Severstal NA revenue for Q2 rose to $953 million from $930 million in the first quarter 2013. Demand growth was led by U.S. automotive, construction and pipe and tube industries. First half 2013 revenue, however, fell to $1,883 million from $2,158 million in H1 2012—a 12.7 percent loss. Severstal reported a utilization rate of almost […]
According to just released Metal Service Center Institute (MSCI) data, total steel inventories at the distributors as of the end of July were 7,642,600 tons. This is 12.2 percent below the 8,953,900 tons held by service centers at the end of July 2012. The daily shipment rate dropped to 157,500 tons per day (22 day […]
Canadian shipments for all steel products in the month of July were 459,400 net tons, an increase of 1.3 percent from the month before but a decrease of 2.5 percent from July 2012. Inventory at the end of the month stood at 1,462,600 tons, a decrease of 1.5 percent from last month and a decrease […]
Imports of semi finished, and hot worked steel imports through July 2013 Imports of the combined tonnage of billets, blooms and slabs have been trending down for 12 months as have also the combined imports plate and sheet. Total long products have been trending up for all of 2013. These conclusions are based on a […]
Written by: Peter Wright There are three information sources which taken together provide a picture of supply and demand in the U.S. steel market. There are the monthly AISI steel shipments, the Department of Commerce trade statistics and the MSCI report of shipments and inventories. In February total daily carbon steel shipments from service centers […]
The U.S. Department of Commerce has released final January import data (Census Data) and Preliminary License data for the month of February 2013. January imports grew by 6 percent over the previous month. When looking at the data closer SMU notes – only two products (of those we follow closely) were significantly higher than the […]
Canadian distributors shipped a total of 522,300 tons (all products) during the month of January. This is down 6.9 percent (actual) from the previous year. The daily shipping rate was 23,700 tons per day, a marked improvement from December’s 16,900 tons per day but barely above November’s 23,600 tons per day. On a seasonally adjusted […]
U.S. service centers shipped 3,643,600 tons of steel products during the month of January, according to Metal Service Center Institute data released earlier today. Total shipments (all products) averaged 165,600 tons per day, down significantly from the 177,300 tons per day shipped during January 2012. Total tonnage shipped was down 2.1 percent on an actual […]
Canadian steel service centers shipped a total of 338,600 tons (all products) during the month of December 2012 – this represents a decline of 19.3 percent compared to last year (not adjusted, 16 percent seasonally adjusted) when the Canadian distributors shipped 419,500 tons. At the end of December, Canadian distributors ended the month with 1,832,800 […]
U.S. distributors grew annual shipments by 1.81 percent (all products) according to Metal Service Center Institute data during calendar year 2012. Shipments totaled 41,447,900 tons. Flat rolled shipments also rose during 2012 totaling 26,378,900 tons which represents an improvement of 2.39 percent over the previous year. Plate shipments were up by 2 percent, while pipe […]
The Metal Service Center Institute (MSCI) released service center shipment and inventory data for the month of December on Wednesday of this week. For total steel products, shipments were down slightly to 136,900 tons per day compared to 140,800 tons per day last year. On a seasonally adjusted basis shipments were 4.6 percent lower than […]