Tag: Sheet

Participants in the hot- and cold-rolled coils market are optimistic about the market's health.

Service centers held only 2.24 months of supply (49.3 days of supply) of sheet products in March, according to our latest figures. If you check our archives, you’ll see that's the lowest sheet inventories we’ve seen since June 2021 – which was hardly a bad year for steel.

Steel mill lead times remained elevated this week, according to buyers responding to our latest market survey.

Most sheet and plate buyers continue to report that mills are not negotiable on new order spot prices, according to our latest market survey conducted this week.

US service centers’ flat-rolled steel supply declined for a third straight month in March, with shipping days of supply slipping to 49.3 on an adjusted basis, according to SMU data.

Hyundai Steel and France-based Fives Group announced the signing of a contract for coil finishing lines for the Hyundai-POSCO joint steel mill proposed in Louisiana.

US steel exports held steady from January to February and remain near historical lows.

Sheet and plate prices increased yet again this week on an increasingly tight spot market. It's gotten so tight that some market participants say they're becoming more concerned about availability than about price.

What a local media report described as an "explosion" on Friday night at U.S. Steel's Gary Works in Northwest Indiana has not disrupted production or resulted in any injuries, that company said.

Steel imports remain near some of the lowest volumes recorded in over five years.

Sheet market participants said they expect hot-rolled coil prices to continue to rise. A Midwest service center source said some mills are not taking spot orders. And even on the contract side, certain mills are “keeping customers at the ‘middle’ of their contract buys to help get lead-times back into shape,” he said. That’s a […]

The Middle East conflict continues to be the principal factor in rising prices, as its impact is now being felt throughout the supply chain. Coated sheet prices have borne the larger brunt of the impact. This is despite...

More people expect hot-rolled (HR) coil prices to continue to climb. And most respondents to our last survey predict that prices will hit or even breach the $1,100 per short ton (st) threshold.

Sheet and plate prices continued to hold steady or tick upward once again this week. And the factors behind the gains are familiar ones: limited spot tonnage, stable demand, limited import competition, and outages (planned or otherwise) at domestic mills.

SMU’s Steel Buyers’ Sentiment Indices have both inched up, according to our most recent survey data.

Steel mill production times for sheet and plate products remain at or near multi-year highs, according to buyers responding to our latest market survey.

Most steel buyers report that mills are not willing to negotiate on new order spot prices, according to our latest market survey. Mill negotiability is now down to one of the lowest rates measured in over a year.

Sheet and plate prices were flat or modestly higher this week, continuing a trend we’ve seen since the beginning of Q4. The big question: How much longer can the trend hold?

Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,035 per short ton (st), a $10/st bump from last week.

The galvanized sheet market continued to tighten in March as distributors and service centers reported firm demand, low inventory levels, and rising transportation costs. Participants on the monthly HARDI sheet metal and air-handling call on Wednesday described a market defined by constrained supply and steady upward pricing pressure.

Sheet prices continue to inch higher. And people who once thought hot-rolled coil (HR) prices couldn’t go above $1,000 are now saying $1,100 doesn’t seem out of the question.

The pace of sheet and plate price increases slowed this week, with most products holding at some of the highest levels seen in over a year.

Mexico’s Ministry of Economy issued a preliminary ruling in its anti-dumping case on hot-rolled steel from China and Vietnam. The government found evidence of price discrimination and imposed provisional duties on a wide range of hot-rolled flat products, including coils, sheet, strip, and plate.

As spot prices for hot- and cold-rolled coils edge higher, mill capacity utilization rates hover below 80%, raising concern among some market participants.  

Steel mill lead times extended to multi-year highs on both sheet and plate products this week.

Most steel buyers report that domestic mills are unwilling to negotiate price on new sheet and plate spot orders.

US service centers’ flat-rolled steel supply declined for a second consecutive month in February, with shipping days of supply slipping to 52.2 on an adjusted basis, according to SMU data.

Prices for both sheet and plate products climbed higher this week, with some rising to multi-year highs, according to SMU's latest market canvass.

Nucor raised its consumer spot price for hot-rolled coil to $1,015 per short ton, up $5/st from last week.

Steel imports remained close to multi-year lows in January and February, according to US Commerce Department data released this week.