Steel Products
Final Thoughts
Written by John Packard
January 16, 2013
Our steel market survey continues with invitations out to approximately 689 companies. We will send a reminder to those who have not yet responded at approximately 8 AM ET on Wednesday morning. SMU will continue to collect responses until 3 PM ET on Thursday and will begin reporting our findings in Thursday evening’s issue of Steel Market Update newsletter.
Those who complete our survey receive a link to a Power Point presentation of the survey results which include comparisons to prior surveys as well as responses which are not presented in our newsletter.
If you would like to be included in our survey we require that you be an active participant in the flat rolled steel industry in a sales, purchasing or management capacity. You should have knowledge of the decision-making process regarding inventory management, pricing, etc. If you qualify and you would like to be added to our survey invitee list you can request an invitation by contacting me at: John@SteelMarketUpdate.com
As always your business is truly appreciated.
John Packard
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Nucor’s weekly HR spot price unchanged, again
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Price gap between domestic, offshore CRC narrows
The price spread between US-produced cold-rolled (CR) coil and offshore products tightened in the week ended Jan. 17. Domestic CR coil tags were lower week on week (w/w), while offshore products ticked higher. The result? The US premium over imports shrank. In our market check on Tuesday, Jan. 14, US CR coil prices averaged $895 […]
US HR price premium over imports narrows slightly
Hot-rolled (HR) coil prices ticked down in the US last week, while tags abroad varied. The result: US hot band margin over imports on a landed basis has narrowed to a slight extent. SMU’s average domestic HR price last week was $685 per short ton (st), down $5/st from the week before. US hot band […]
SMU Community Chat: Jan. 22 with Alan Kestenbaum, founder of Bedrock Industries
Alan Kestenbaum, the founder of Bedrock Industries and the former CEO of Stelco, will be the featured speaker on the next SMU Community Chat. The webinar will be on Wednesday, Jan. 22, at 11 am ET. It’s free to attend. You can register here. We’ll look at Stelco’s recent sale to Cleveland-Cliffs and what made […]
December service center shipments and inventories report
Flat rolled = 77.1 shipping days of supply Plate = 58.1 shipping days of supply Flat rolled Flat-rolled steel supply at US service centers ballooned in December with higher inventories as well as seasonally lower shipments. At the end of December, service centers carried 77.1 shipping days of flat-rolled steel supply on an adjusted basis, […]