Market Segment
February 12, 2023
We are in moving into an interesting period here for spot markets for hot rolled coil.
Steel mills are driving hard for a further rally in the face of what appears to us to be weaker year over year demand and an overall challenging macro-economic backdrop, with interest rates likely to create headwinds this year as efforts to battle inflation continue.
Algoma Steel Group Inc. expects the first heat from its second electric-arc furnace (EAF) in the coming days, even as it forecasts a quarterly EBITDA loss and a 20% decline in shipments.
Nucor said on Thursday evening it plans to increase plate prices by $60 per short ton (st) as it opens its November order book.
The results of the latest Steel Market Update (SMU) flat-rolled market survey are now available on our website to all premium members.
The Chicago Business Barometer rebounded in September, returning to expansion after slipping into contraction in August.
Welspun Tubular LLC, the US subsidiary of India’s Welspun Corp., has received an order to supply $412.5 million of high-frequency induction welded (HFIW) steel pipe.