After a weak start to 2014 business activity is going strong in May said participants on the HARDI monthly galvanized steel call. Steel Market Update (SMU) joined HARDI wholesalers who supply galvanized steel to the construction trades to talk about concerns in the industry including domestic mill price trends as well as the impact of […]
Five members of the Chinese military have been charged with economic cyber-espionage against American companies including US Steel, Alcoa, Westinghouse Electric Company, Allegheny Technologies Inc., United Steel Workers Union and SolarWorld. The military unit allegedly hacked into private sector companies to gain trade secrets between 2006 and 2014 to give competitive advantages to Chinese companies. […]
Steel Market Update has been well aware, and has reported on, the prospect of new trade cases being levied by the U.S. steel industry against imports of cold rolled and coated (galvanized & Galvalume) steels. There have been suggestions that the dumping suits could be filed within the month. So, we wanted to get the […]
The following article was written by David Phelps, the recently retired director of the American Institute for International Steel and now a contributing writer for Steel Market Update. You can find more information about Mr. Phelps in the About Us section of our website. On February 18th, the Department of Commerce’s International Trade Administration shocked […]
The following article was written by David Phelps, the recently retired director of the American Institute for International Steel and now a contributing writer for Steel Market Update. You can find more information about Mr. Phelps in the About Us section of our website. On February 18th, the Department of Commerce’s International Trade Administration shocked […]
At the end of 2013, David Phelps retired as president of the American Institute for International Steel (AIIS) and has just joined Steel Market Update as a contributing writer. Mr. Phelps will be writing about topics concerning the steel industry – particularly in the area of imports and foreign steel. Steel Market Update had a […]
Steel buyers are bracing for a new round of flat rolled price increases according to steel buyers and executives as well as the results of our most recent Steel Market Update (SMU) market analysis of the flat rolled steel market which we conducted this past week. “It’s time to raise the price of flat rolled […]
Goldman Sachs steel analysts, in a letter to their clients seen by Steel Market Update, upgraded the steel sector as they feel, “…we see the sector heading to a sustainable recovery over the coming years…” They went on to tell their clients, “The supply-demand fundamentals for steel are starting to look more appealing, particularly for […]
Over the past week we have been receiving a number of calls and emails regarding both John Anton’s (IHS Global Insight) forecast for higher steel prices as we move into 2014 and Andre Marshall’s (Crunch Risk, LLC) hot rolled futures article where he points out that the market fundamentals will force flat rolled steel prices […]
I read two articles recently regarding the impact of the devaluation of the India rupee against the U.S. dollar. One article (IHS Global Insight) discussed the metallurgical coal markets as the Indian steel mills have pulled back from the market as their costs spiral out of control. According to IHS Global the Indian currency lost […]
A Game Changer for the Domestic Steel Industry? The OCTG trade injury cases filed against nine countries will go forward said the US International Trade Commission on Friday. The ITC found there is “reasonable indication that a U.S. industry is materially injured by imports of certain oil country tubular goods.” The preliminary countervailing duty determinations […]
From time to time SMU gets emails from our readers that we think others might find interesting. Here are a couple examples: In an email with the title “Bingo” we received the following comments from a large galvanized service center: “The bet is the first sign of weakness will come out of the conversion mills […]