Steel Products
NLMK USA Revenues Drop in 2nd Quarter
Written by Sandy Williams
August 19, 2013
NLMK reported USA revenue of $314 million in the second quarter down from $362 million in Q1. The company noted lower demand from the US construction sector and general deterioration of market conditions in Europe and the USA along with industry oversupply.
North American steel sales dropped to 432,000 tonnes (476,190 tons) from 473,000 tonnes in Q1 and 610,000 tonnes in Q2 2012. US sales included 268,000 tonnes of hot rolled coil (295,419 net tons), 110,000 tonnes of cold rolled coil (121,254 net tons) and 51,000 tonnes of “prepainted” steel (believed to mean coated or HDG steel = 56,217 net tons). Steel making capacity out of NLMK Indiana was at 87 percent compared to 88 percent in the first quarter of 2013.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
US HR prices surge above offshore tags
Hot-rolled (HR) coil prices leaped in the US this week, while tags abroad saw more measured gains. The result: US hot band prices have become even more expensive than imports on a landed basis. In fact, the premium US HR prices carry over HR prices abroad now stands at a 12-month high.
US rig counts inch up again, Canadian activity slips
The latest oil and gas rig count in the US increased slightly from last week, while Canadian activity edged lower, according to Baker Hughes.
SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]
CRU: Rising protectionism impacts global steel trade
US sheet prices surge following tariff announcement
SMU Community Chat replay now available
The latest SMU Community Chat webinar reply is now available on our website to all members. After logging in at steelmarketupdate.com, visit the community tab and look under the “previous webinars” section of the dropdown menu. All past Community Chat webinars are also available under that selection. If you need help accessing the webinar replay, or if your company […]