Market Segment
November 13, 2014
Written by John Packard
There is a new flat rolled steel mill under construction in Arkansas. The mill will be complete in 2016. However, we feel that many of you are probably interested to know what the timetable is for the ramp up of the mill at this point in time.
We have obtained the ramp-up schedule from Big River Steel with the ready dates for specific products:
In our opinion, it is striking that for all the bold talk about establishing a "common external tariff" — or "Fortress North America" — the solutions being proposed fail to live up to their promises. As we have commented recently, USMCA certainly needs a rethink. But we have serious concerns about Canadian and Mexican proposals that suggest common trade policies that are, as we see it, more illusory than effective.
According to recently finalized US Commerce Department data, US steel imports tumbled to a near five-year low in September
SMU’s latest steel buyers market survey results are now available on our website to all premium members.
Steel mill lead times held relatively steady this week on both sheet and plate products, according to responses from SMU’s latest market survey.
Less than half of the steel buyers who responded to our market survey this week reported that domestic mills are willing to talk price on new spot orders