Steel Products
Final Thoughts
Written by John Packard
March 18, 2013
Steel Market Update will begin our mid-March steel survey on Monday morning. Invitations will be sent out at approximately 8 AM ET. If you receive an invitation please spend a few moments to click on the link – which will take you to SurveyMonkey.com – to complete our survey. Your opinions are valuable to our understanding of the flat rolled steel market and we appreciate the few moments it takes to complete our survey.
A reminder of our upcoming Managing Price Risk workshop – which is dedicated to understanding the hot rolled coil (HRC) futures and options markets as well as the ferrous scrap futures market based on Midwest #1 busheling (BUS). Our workshop assists in the understanding as to how to utilize derivatives either in your own company or as a way of protecting one of your customer’s business. It is also important to understand when the product is not a good fit for your organization. Our next workshop will be in New York City at the NYMEX (CME Group) building in lower Manhattan. Details can be found here or by visiting the events section of our website: www.SteelMarketUpdate.com.
We are hopeful that we will be able to make an announcement regarding our next Steel 101 workshop (which has a waiting list) a little later this week. An executive from one of the companies which sent delegates to our last Steel 101 workshop told me late last week, “Our group came back with rave reviews of your latest Steel 101 session. They learned a lot that we never take the time to cover. Also spoke with some new customers in the HVAC industry in the Northeast who read you religiously. You are gaining quite a good reputation. Lots of people appreciate what you do – as we do. Keep up the good work!”
As always we want to take a moment to thank our members for their support. Both your business and kind words are greatly appreciated.

John Packard
Read more from John PackardLatest in Steel Products

Nucor keeps HRC price unchanged
Nucor paused its weekly hot-rolled (HR) coil price this week, keeping it flat for the first time since Jan. 21. This comes after a nine-week rally that saw the company increase prices by double-digits for eight of those weeks.

Nucor increases plate prices by $40/ton
Nucor aims to increase prices for steel plate by $40 per short ton (st) with the opening of its May order book. The Charlotte, N.C.-based steelmaker said the increase was effective with new orders received on Friday, March 28, in a letter to customers dated the same day. The company said the price hike applied […]

US CRC price gains ground over imports
US cold-rolled (CR) coil prices increased again this week, while offshore prices declined.

SMU Steel Demand Index momentum slows
Steel Market Update is pleased to share this Premium content with Executive members. Contact info@steelmarketupdate.com for information on how to upgrade to a Premium-level subscription. Growth in SMU’s Steel Demand Index eased in March after reaching a four-year high in late February. Despite a moderate gain, the index remains in expansion territory. The Steel Demand […]

Leibowitz: Impact of tariffs on US manufacturers
On February 10, President Trump announced a massive restructuring of tariffs on steel and aluminum. Those changes took effect on March 12, and they will impact US manufacturing. What will the impact be? Bye-bye exclusions Perhaps the most important change, which hits imports from all countries, is the loss of a product exclusion process to […]