Tag: prices

An SMU Community Chat with Timna Tanners.

The price gap between stateside hot band and landed offshore product continues to narrow, inching closer toward parity. The premium is now, on average, at its lowest level since July.

Most buyers expect prices to rise slightly in the short term or remain flat. But many qualify this view as transitory or dependent on demand improvements. 

Following last week’s pause, SMU’s price indices were overall steady to higher this week, holding at or near multi-month highs.

The latest SMU’s Steel Buyers’ Sentiment Indices showed mixed results.

Less than half of the steel buyers who responded to our market survey this week reported that domestic mills are willing to talk price on new spot orders

The price gap between stateside hot band and landed offshore product continues to narrow toward parity, now at its lowest level in five months.

Nucor has announced new base prices for galvanized steel products as of Wednesday, Dec. 10.

Earlier this week, SMU polled steel buyers on an array of topics, ranging from market prices, demand, and inventories to tariffs, imports, and evolving market events.

Sources expect the recent spot market price hikes on domestically produced plate products to be accepted by the market.  

The price gap between stateside hot band and landed offshore product has inched closer to parity, now at its lowest level since the summer.

All of SMU’s sheet price indices rose this week, climbing to new multi-month highs. At the same time, our plate index held steady.

Oregon Steel Mills has joined other producers, announcing a price increase of at least $40 per short ton for steel plate.

The price gap between stateside hot band and landed offshore product tightened further this week, as the average price for domestic hot-rolled was $10/st higher w/w.

All five of SMU’s sheet and plate price indices increased this week for the second week in a row, with all products inching up to new multi-month highs. Prices are now up by $30-70/st compared to those seen four weeks ago.

SSAB Americas aims to increase prices on all its products by at least $40 per short ton (st).

Nucor plans to increase prices for steel plate by $30 per short ton (st). The move coincides with Charlotte, N.C.-based steelmaker opening its plate orderbook for January.

Nucor increased its weekly hot-rolled coil spot list price by $5 per short ton (st) on Monday, Nov. 24. This was its fifth increase in as many weeks.

You may have heard about traders “canceling” metal on the London Metal Exchange and shipping it out. Here's a guide to understand that process.

The downward trend in Chinese steel export prices continued over the past month, as domestic demand in the country failed to recover following the Golden Week holidays.

Most steelmaking raw material prices remained stable over the past month. Prices are mixed in comparison to this time last year.

The SMU Steel Demand Index slackened from late October, remaining below expansion territory, according to SMU's mid-November indicators.

SMU’s price indices increased across the board this week, reaching new multi-month highs.

Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil for a fourth consecutive week. Now at $910 per short ton (st), up $15/st from last week.

Global sheet markets face divergent trajectories into year-end, with Asian (excl. India) markets under pressure from oversupply. This, while Western markets experience temporary support from supply constraints.

Just over half of the steel buyers who responded to our market survey this week reported that domestic mills are willing to talk price on new spot orders. Mills have begun to hold a firmer stance on prices over our last two surveys.  

The price gap between stateside hot band and landed offshore product has marginally widened week over week.

SMU's sheet and plate steel prices moved higher in unison this week.

JSW Steel USA aims to increase steel plate prices by at least $40/short ton.

US steel mills have received a boost from lower import levels because of sweeping tariffs this year. However, demand remained moderate in most sectors, aside from data center construction, after the summer.