Tag: Sheet

SMU’s sheet price indices increased further this week, while plate held steady, all at multi-year highs.

US steel exports improved 2% from March to April to the highest monthly volume seen in 13 months. Although up, trade remains historically low

SMU and AMU are pleased to announce that Wells Fargo Managing Director Timna Tanners will be joining us for a Community Chat webinar on Wednesday, June 24, at 11 am ET.

US service centers’ flat-rolled steel supply declined for a fourth straight month in May, with shipping days of supply slipping to 44.7 on an adjusted basis, according to SMU data.

Nucor announced on Monday, June 15, that its consumer spot price (CSP) for hot-rolled coil will be $1,125 per short ton (st) for the week, up $10/st from last week.

Summer doldrums? Not this year! SMU’s latest steel market survey indicates that an increasing number of steel buyers think prices will continue to rise along with the mercury.

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

All five of SMU’s price indices increased this week to new multi-year highs. Prices have increased by 20-25% since the beginning of the year.

The American Iron and Steel Institute (AISI) reports that US steel shipments fell from March to April.

Nucor announced on Monday, June 8, that its consumer spot price (CSP) for hot-rolled coil will be $1,115 per short ton (st) for the week, up $10/st from last week.

We are happy to share that the SMU Price Estimator Tool is now a little easier to navigate.

Algoma Steel announced on Thursday a price increase for coil and plate products, effective immediately.

After falling to a multi-year low in March, the premium galvanized coil commands over hot-rolled (HR) coil has widened in recent months.

Nucor announced on Monday, June 1, that its consumer spot price (CSP) for hot-rolled coil will be $1,105 per short ton (st) for the week, up $10/st from last week.

Stronger for longer sentiment remains in the house when it comes to flat-rolled steel prices, according to SMU’s latest steel market survey.

Steel mill lead times remain at or near multi-year highs for all sheet and plate products.

This week we saw low negotiation rates across all products, with coated and plate products slightly more negotiable than hot rolled and cold rolled.

Volume, which is usually a big positive for buyers in price negotiations, has arguably become a net negative.

Sheet and plate price indices increased between $5-20 per short ton (st) from last week.

Nucor announced on Tuesday, May 26, that its consumer spot price (CSP) for hot-rolled coil will be $1,095 per short ton for the week, up $5/st from last week.

US domestic steel prices continued to increase for most products as demand remained resilient amid tight supply. Domestic sheet and plate prices increased over the past month, while long products prices were mostly stable, with only structural and merchant bar prices edging up higher.

Galvanized steel buyers and distributors expect tightening supply and rising price pressure to last into summer.

Sheet prices continue to rise in a market that remains characterized by extremely limited spot availability, solid demand, long lead times, and the lowest sheet inventories since May 2021.

The Commerce Department's International Trade Administration recently concluded several administrative reviews of the anti-dumping and countervailing duties (AD/CVDs) on various steel imports. The reviews resulted in the following duty adjustments.

Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,090 per short ton, up $10/st from last week.

SMU released its latest steel market survey results on Friday. The main takeaway: the stronger for longer narrative is still very much in the house.

Sources told SMU they’ve begun considering whether US imports of sheet might benefit the overall market.

This item was first published by CRU. To learn about CRU’s global commodities research and analysis services, visit www.crugroup.com. The uptrend in sheet prices is expected to continue in the coming month in most markets amid elevated energy and freight costs stemming from the Middle East conflict. Europe will buck the trend as demand in the […]

US service centers’ flat-rolled steel supply fell for a fourth straight month in April, with shipping days of supply slipping to 45.7 on an adjusted basis, according to SMU data.

SMU Survey: Sheet and plate lead times remain extended, according to buyers responding to our latest market survey.