Steel Products
Correction
Written by John Packard
February 15, 2013
Our apologies to SSAB and our readers–the earnings for SSAB reported Sunday by SMU were in error. The corrected figures are as follows: Operating loss of 665 million SEK in Q4 of 2012 ($104 million) compared with a operating profit of 50 million SEK ($7.82 million) in Q4 of 2011 and for the whole year an operating loss of 96 million SEK ($15 million) compared with an operating profit of 2,512 million SEK ($393 million) in 2011.

John Packard
Read more from John PackardLatest in Steel Products

September energy market update
In this Premium analysis we examine North American oil and natural gas prices, drill rig activity, and crude oil stock levels through September. Trends in energy prices and rig counts serve as leading indicators for oil country tubular goods (OCTG) and line pipe demand.

Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.

U.S. Steel to halt slab conversion at Granite City Works
U.S. Steel said it plans to reduce slab consumption at its Granite City Works near St. Louis, a company spokesperson said on Monday. The Pittsburgh-based steelmaker will shift the production and processing of steel slabs to its Mon Valley Works near Pittsburgh and its Gary Works near Chicago. Citing a United Steelworkers (USW) union memo, […]

SMU Week in Review: September 1-5
Here are highlights of what’s happened this past week and a few upcoming things to keep an eye on.

HR Futures: Market finds footing on supply-side mechanics
As Labor Day marks the transition into fall, the steel market enters September with a similar sense of change. Supply-side fundamentals are beginning to show signs of restraint: imports are limited, outages loom, and production is capped, setting the stage for a market that feels steady on the surface but still unsettled underneath.