Over the past few days, all of the domestic plate mills have announced a $40 per ton ($2.00/cwt) price increase on plate products. We have seen announcements out of the Nucor Plate Group, ArcelorMittal USA commercial plate group, Evraz and SSAB. SSAB was the last to announce with their letter dated Nov. 16, 2017. In […]
As I move around the flat rolled steel industry, communicating with manufacturing companies, service centers, traders and steel mills, I am receiving mixed messages about the market. A good example is the HARDI steel committee conference call that was held earlier today. HARDI wholesalers, the companies who supply the HVAC mechanical contractors in the building […]
A couple of weeks ago, ArcelorMittal USA announced price increases taking flat rolled steel base prices on hot rolled to $625 per ton and $41.25/cwt base on cold rolled and galvanized. We have yet to see spot prices out of the domestic steel mills reach the prices suggested by AMUSA. The rest of the industry […]
On Monday, SSAB sent a letter to customers advising of the company’s intention to raise spot transaction prices by a minimum of $40 per ton ($2.00/cwt) effective immediately. The increase covers all “…As-Rolled Mill Plate, Cut-to-Length Plate >72”, Hot Rolled Coils >72”, as well as Normalized and Quenched & Tempered Plate.” SSAB also advised that […]
On Monday, SSAB sent a letter to customers advising of the company’s intention to raise spot transaction prices by a minimum of $40 per ton ($2.00/cwt) effective immediately. The increase covers all “…As-Rolled Mill Plate, Cut-to-Length Plate >72”, Hot Rolled Coils >72”, as well as Normalized and Quenched & Tempered Plate.” SSAB also advised that […]
Steel Market Update (SMU) will begin our next flat rolled steel market trends survey at 8 AM ET tomorrow (Monday). If you receive an invitation, please take a few moments to click on the button in the message and fill out our questionnaire. Most people are able to get through the process in less than […]
Steel plate producer SSAB Americas saw higher prices and volumes in the third quarter. The segment reported good demand early in the quarter, which weakened as the period progressed. Sales jumped 31 percent from the prior year and 6 percent from Q2, for a total of SEK 3.34 billion ($407 million). Shipments increased 12 percent […]
We are three months away from our Mobile, Ala., Steel 101 workshop and we are sold out. Having said that, I would recommend that if you want to attend, add your name to our wait-list. You can do that on our website by clicking on the registration link; after you are advised that the workshop […]
SSAB Americas is moving its head office from Chicago to Mobile to be near to its Axis, Ala., steel mill. “Mobile is a growing community with a booming economy; we are excited to expand our presence in the area as a trusted employer and community partner,” said Chuck Schmitt, President, SSAB Americas. “Moving our team […]
The next Steel 101 steel training workshop will be held in Mobile, Ala., and will include a tour of the SSAB Mobile minimill. Registration is open, and the workshop currently is almost half full. “SMU Steel 101 is a great learning tool for anyone working in the steel industry in any position. I wish I […]
I had a whirlwind weekend having traveled to Cleveland to see family and to attend MidWest Materials’ 65th anniversary. Brian Robbins and his crew did a great job paying homage to their past and current employees. The company is much different today than it was in 1952 when it started. I have a feeling it […]
No one who has ever toured a steel mill will ever forget it. The sight of the molten metal, and the heat that hits you in the face even from a safe distance away, is both frightening and fascinating. Forty mostly young executives experienced steelmaking firsthand as students in Steel Market Update’s latest Steel 101 […]
I have been working on two major projects today: flat rolled and plate pricing for our steel index and flat rolled steel service center inventories as of the end of September. I finished the first project on pricing, which showed mixed results with some price erosion on a couple of items and stable prices on […]
It’s 10 PM and I am on a flight back to Florida having spent the last three days in Fort Wayne, Ind. We hosted one of the largest Steel 101 workshops in our history and the workshop went well. We spent Wednesday going over the classroom materials and then that evening our workshop was hosted […]
The next Steel 101: Introduction to Steel Making and Market Fundamentals workshop will be held Jan. 24-25, 2018, in Mobile, Ala. The two-day workshop will include a tour of the SSAB minimill. The conference will be held at the Hilton Garden Inn Mobile West. Our Steel 101 workshop has been well-received by the industry. Those […]
I am in Chicago and will be here until Tuesday when I make my way to Fort Wayne, Ind., to conduct one of our Steel 101 workshops. A special thank you to SDI and Paragon Steel for allowing our workshop to tour each of their plants. This workshop has been sold out for a number […]
We have a busy issue this evening, so I will keep my final thoughts brief. Next week I will be in Fort Wayne, Ind., as we conduct one of our Steel 101: Introduction to Steel Making and Marketing Fundamentals workshops. We will tour Steel Dynamics’ Butler facility and Paragon Steel’s flat rolled steel service center. […]
Zinc is once again trading above $1.40 per pound ($1.42 as of 3:30 PM ET) and the smaller steel mills and converters are wondering why U.S. Steel, ArcelorMittal USA and Nucor haven’t made the move to higher zinc coating extras on galvanized steel? We have seen four mills make changes on their “spot” new orders: […]
European steel producers are worried about tight supply conditions for carbon graphite electrodes used in electric arc furnace steelmaking, but it may not be as big a problem in the U.S. A global shortage of high quality needle coke has spiked prices and squeezed supply of electrodes in Europe in recent months, said Axel Eggert, […]
Editor’s note: Following is a response from Zekelman Industries CEO Barry Zekelman to remarks by Daniel Pearson of the Cato Institute published in Steel Market Update’s Sept. 5 newsletter. Zekelman comments on his position on imports and the current state of steel-related trade into the U.S. During our exchange at the recent SMU Steel Summit […]
Over the past three days, Steel Market Update (SMU) had all hands on deck for our 7th SMU Steel Summit Conference. The conference was once again held at the Georgia International Convention Center next to the Atlanta International Airport. We had record attendance with 661 executives registered compared to 434 last year. There were 309 […]
During the week of Aug. 14, 2017, the U.S. steel mills advised their flat rolled and steel plate customers of their intention to increase spot prices on hot rolled, cold rolled, galvanized and Galvalume steels, as well as plate. The flat rolled mills announced $30 per ton base price increases on new spot business. For […]
SSAB Americas announced a $40 per ton price increase on non-contract plate orders, effective Oct. 1. The increase will apply to as-rolled mill plate, cut-to-length plate >72”, hot rolled >72”, as well as normalized and quenched & tempered plate. “SSAB continues to monitor market conditions in order to better realize the value our products bring […]
The following steel mills are registered to attend this year’s SMU Steel Summit Conference at the end of this month: ArcelorMittal Mexico, ArcelorMittal Dofasco, ArcelorMittal/Nippon Sumitomo Calvert, Ternium USA, Ternium Mexico, NLMK USA, Nucor, Nucor Mexico, Nucor Canada, Kandil Steel (Egypt), California Steel Industries, AK Steel, CSN USA, North Star BlueScope, Steel Dynamics Inc., The […]
I was advised late on Friday afternoon that we should expect a Nucor price increase early next week. With scrap prices firming $10 to $30 per ton our expectation is for the increase to be $25-$30 per ton. Then the question will be will the industry support another increase after tepid (at best) support for […]
John Packard, Publisher, Steel Market Update Today I spent a good portion of my time wandering around the United States and Canada soliciting information about flat rolled steel pricing, lead times, Section 232 and anything else steel buyers wanted to talk about. I thought the quote of the day was from a manufacturing company who […]
John Packard, Publisher, Steel Market Update Today I spent a good portion of my time wandering around the United States and Canada soliciting information about flat rolled steel pricing, lead times, Section 232 and anything else steel buyers wanted to talk about. I thought the quote of the day was from a manufacturing company who […]
On Friday, June 16th SSAB Americas became the third U.S. plate-producing steel mill to announce a $30 per ton ($1.50/cwt) plate price increase. As with the announcements made by Nucor and ArcelorMittal earlier in the week SSAB made the increase effective immediately on transaction (spot) pricing. The SSAB increase applies to: as rolled mill plate, […]
AIST – NASHVILLE, 9 May 2017 — Roger K. Newport, chief executive officer and board member, AK Steel, was named Steelmaker of the Year at AISTech 2017 — The Iron & Steel Technology Conference and Exposition, managed by The Association for Iron & Steel Technology (AIST). The Steelmaker of the Year Award is presented annually […]
The U.S. International Trade Commission made a final determination that the U.S. steel industry has been materially injured by imports of carbon and alloy steel cut-to-length plate from Austria, Belgium, France, Germany, Italy, Japan, Korea, and Taiwan. Antidumping (AD) orders will be issued on imports of these products from the eight countries as well as […]