The Canadian International Trade Tribune determined on Jan. 6 that the dumping of hot-rolled carbon steel plate and high-strength low-alloy steel plate originating in or exported from India and Russia have not caused injury and are not threatening to cause injury to the domestic industry. CITT also found no injury from the subsidizing of those […]
Buyers and sellers of flat rolled steel are slowly beginning to feel better about their company’s prospects both now and into the future, according to the results of the Steel Market Update (SMU) flat rolled steel market analysis just completed earlier today. SMU is reporting current market sentiment as being up +1 point to +44. […]
Licensed data for December was reported by the Steel Import Monitoring System of the US Commerce Department on January 5th. At SMU we perform a detailed analysis of this data, an explanation of our methodology is given at the end of this write up. Total rolled product licensed imports in the single month of December […]
The various indexes followed by Steel Market Update each produced new prices this past week. There was minimal price movement due to the Christmas and end of the year holidays which impacted the number of actual transactions occurring between the steel mills and their customers. Both Platts and Steel Market Update kept prices unchanged compared […]
Steel Market Update and Platts both saw hot rolled prices as rising modestly by the end of last week. Platts is now $12.5 per ton higher than SMU as we are still getting reports of prices struggling to move higher on HRC. SteelBenchmarker did not report pricing this past week as they only report twice […]
We are at the point of the turn and watching how quickly each index reports the change. From Steel Market Update’s view, we saw all flat rolled products pricing rising this past week and we expect most, if not all, of the price increase announcements made to be collected by the domestic steel mills and […]
SSAB expects to report lower earnings for fourth quarter due to decreased volumes and falling prices in Europe and North America but is looking forward to better market conditions in Q1. Market conditions have deteriorated further than expected from the previous forecast for fourth quarter. Plate and strip market prices fell sharply during the quarter […]
The Metal Service Center Institute (MSCI) released shipment and inventory data for U.S. steel distributors. The headline for total steel products is shipments fell during the month of November both on a month over month basis (143,100 tons per day in November vs. 152,900 tons during October) as well as on a year-over-year basis (-8.1%). […]
SMU was advised over the weekend that Nucor had raised spot plate pricing by $30 per ton. On Monday, SSAB followed the Nucor lead by providing a letter to their customers advising them, “Please be advised that effective immediately SSAB Americas is raising the transaction price for all non-contract As-Rolled Mill Plate, Cut-To-Length Plate >72”, […]
The following article is one that is produced for our Premium level members once we release the latest Imports by Product, Port & Country data into our website. In this article we want to give you a little feel for the data. Once you start reviewing imports by port you can begin to ask questions […]
Canadian shipments for all steel products in the month of November were 399,000 net tons, a decrease of 5.5 percent from the month before and decrease of 11.3 percent from November 2014. Inventories at the end of the month stood at 1,286,400 tons, down 5.1 percent from last month and down 19.1 percent from the […]
I hope that all of you will take a few moments to click on the links provided for the speakers and for the PGA National Resort & Spa to get a better feel for the quality of the program we will be putting on in March for a select few company executives. There is a […]
This report is a detailed drill down into imports of hot band through October, beginning with the big picture and ending with exactly what came into a region of significance to your business and where it came from. SMU has developed a series of reports that cover hot rolled, cold rolled, HDG, other metallic coated […]
Based on Steel Market Update (SMU) analysis of the recently released MSCI service center inventory and shipment data, total service center carbon steel shipments decreased by 482,000 tons in November to 2.728 million tons. Shipping days at 20, were down by two from October. On a tons per day basis (t/d) shipments decreased from 145,900 […]
We are already seeing some signs of the “turn” as the flat rolled steel indexes followed by Steel Market Update saw very little movement this past week. Both SMU and Platts saw hot rolled pricing as stable while CRU was down $5 per ton (SteelBenchmarker did not report prices this past week). Our average was […]
According to Baker Hughes data from December 11, 2015, the U.S rig count for the week was 709 rigs exploring for or developing oil or natural gas. This is a decrease of 28 rigs compared to last week, with oil rigs down 21 to 524 rigs, gas rigs down 7 to 185 rigs, and miscellaneous […]
We will conduct our mid-December flat rolled steel market analysis (survey) beginning on Monday of this week. If you are on the invite list, please take a few moments to click on the link (button) and respond to our online questionnaire. If you were on the invite list in the past and for some reason […]
The Canada Border Services Agency has made final determinations that dumping has occurred on hot-rolled carbon steel plate and high-strength low-alloy steel plate originating in or exported from India and Russia and subsidizing on hot-rolled carbon steel plate and high-strength low-alloy steel plate originating in or exported from India. The investigation on subsidizing from Russia […]
Licensed data for November was reported by the Steel Import Monitoring System of the US Commerce Department on December 4th. At SMU we perform a detailed analysis of this data, an explanation of our methodology is given at the end of this write up. Total rolled product licensed imports in the single month of November […]
Over the past few weeks we have seen major movement in flat rolled steel prices. The question now is have we seen the end of the major moves lower (some suggest hot rolled has a way to go since lead times are not yet into January at most mills) or do we have a way […]
According to Baker Hughes data from December 4, 2015, the U.S rig count for the week was 737 rigs exploring for or developing oil or natural gas. This is a decrease of 7 rigs compared to last week, with oil rigs down 10 to 545 rigs, gas rigs up 3 to 192 rigs, and miscellaneous […]
Holiday weeks tend to be “quiet” when it comes to steel price movement but, according to the flat rolled steel indexes followed by Steel Market Update, last week was an anomaly. SMU saw the market as being relatively stable with either no movement or small adjustments of $5 per ton on hot rolled and hot […]
For our U.S. customers, welcome back from the Thanksgiving Holiday. We are a little more than three weeks from our next break for the Christmas and New Year Holidays. Then we plow into 2016 and my gut tells me by then things may begin to change. We still have our SMU Price Momentum Indicator pointing […]
Flat rolled steel and plate prices continued to slide this past week according to the various steel indexes followed by Steel Market Update. SMU saw prices as being sideways on hot rolled, down $10 on cold rolled, down $5 on galvanized and down $10 on Galvalume. Both CRU ($376) and Platts ($375) dropped their averages […]
Shipments of all steel products out of the U.S. based steel service centers totaled 3,363,900 tons, according to the Metal Service Center Institute (MSCI) in data released on Monday. Total tonnage was up 3.2 percent compared to September but was down 14 percent year-over-year. The daily shipment rate was 152,900 tons which was 1.5 percent […]
Canadian shipments for all steel products in the month of October were 422,400 net tons, a decrease of 6.5 percent from the month before and decrease of 18.3 percent from October 2014. Inventories at the end of the month stood at 1,355,300 tons, down 7.3 percent from last month and down 12.3 percent from the […]
Based on Steel Market Update (SMU) analysis of the recently released MSCI service center inventory and shipment data, total service center carbon steel shipments increased by 104,700 tons in October to 3.201 million tons. Shipping days at 22, were up by one from September. On a tons per day basis (t/d) shipments decreased from 147,900 […]
Flat rolled and plate prices continued to erode this past week according to the various steel indexes followed by Steel Market Update. With the exception of SteelBenchmarker (who tends to be behind the other indexes due to it only collecting market price intelligence twice per month), all of the indexes are showing hot rolled prices […]
Trade protection is a driving concern for the U.S. steel industry that has seen prices and domestic demand plummet as low priced steel imports flooded American shores. Steel mills, unions and legislators have lobbied for stronger enforcement of trade policies and the additional safeguards from dumped and subsidized imports and currency manipulation. Currently the focus […]
This article was originally published in Steel Market Update newsletter dated November 15, 2015. We provide our members up to date analysis of the status of antidumping and countervailing duty trade cases affecting the flat rolled and plate steel markets. Trade protection is a driving concern for the U.S. steel industry that has seen prices […]