The SMU Steel Buyers Sentiment Index saw both the current and future indices as slightly more optimistic than what Steel Market Update reported during the middle of October. Current Sentiment was measured at +62, up +3 points from our last analysis. Future Sentiment at +65 improved by +12 points from what we reported two weeks […]
Most buyers tell Steel Market Update that flat rolled mills are open to price negotiations on hot rolled, cold rolled and coated steel products. The notable exception is plate. Two out of three respondents to SMU’s latest market trends questionnaire report that plate mills will not compromise on price, while one-third have found some wiggle […]
Lead times for Galvalume and plate products shortened up a bit in the past two weeks, but otherwise lead times for flat rolled products have seen little change in October or November, despite the price hike announcements by the major mills. Lead times for steel delivery are a measure of demand at the mill level—the […]
Net job creation in October totaled 250,000 positions. Construction and manufacturing gains were both strong, according to Steel Market Update’s latest analysis of Bureau of Labor Statistics data. Table 1 breaks total employment down into service and goods-producing industries and then into private and government employees. Most of the goods-producing employees work in manufacturing and […]
Labor productivity grew by 0.5 percent in the third quarter of 2018. The average of the last three quarters has been 0.3 percent. Unit labor costs increased 1.2 percent year over year, according to Steel Market Update’s latest analysis of Bureau of Labor Statistics (BLS) data. Unit labor costs and productivity changes are reported quarterly […]
For the past two weeks, Steel Market Update has been collecting data from the flat rolled and plate steel service centers in the United States who participate in our Service Center Inventories Index. The number of months of supply of flat rolled steel being held on the distributors’ floors increased to 2.8 months. Plate inventories […]
The growth of the Chinese economy has slowed, but their steel production is growing almost three times as fast as the rest of the world. Once each quarter, Steel Market Update publishes the official statistics for Chinese GDP, industrial production, consumer price inflation and fixed asset investment. Many analysts don’t believe these self-serving Party figures, […]
Premium subscribers to Steel Market Update receive reports on imports broken down into district of entry and source nation. This report takes the regional analysis to the level of product detail. Our intent is to report on HR and CR sheet in alternate months in the rationale that the finer the detail steel buyers have […]
Premium subscribers to Steel Market Update have access to reports on our website that break out the import tonnage into district of entry and source nation for six sheet and plate categories. SMU has now developed reports that drill down the HRC and CRC into product detail both nationally and for each district. We report […]
Twice per month, Steel Market Update conducts a detailed analysis of the flat rolled and plate steel markets through an online questionnaire. We invite 640 individuals to provide their opinions about the flat rolled and plate markets, what are the driving factors behind pricing, lead times, and mill negotiations, as well as how they feel […]
Twice per month, Steel Market Update conducts a detailed analysis of the flat rolled and plate steel markets through an online questionnaire. We invite 640 individuals to provide their opinions about the flat rolled and plate markets, what are the driving factors behind pricing, lead times, and mill negotiations, as well as how they feel […]
The attitudes of steel buyers and sellers, as measured by this week’s SMU Steel Buyers Sentiment Index questionnaire, are slightly less optimistic than they were at the beginning of October as the market waits for a turnaround in the decline in steel prices. The goal of the index is to measure how buyers and sellers […]
Lead times for most flat rolled steel products ticked up slightly this month, according to returns from Steel Market Update’s latest market trends questionnaire. Could this signal the end of the downtrend? This is an important question considering the domestic steel mills announced price increases just last week. Lead times for steel delivery are a […]
Steel buyers still have a strong bargaining position with the mills, but perhaps not quite as strong as a month ago. Steel Market Update tracks how buyers and sellers of flat rolled steel characterize the mills in price negotiations. A slightly lower percentage report mills willing to negotiate spot prices on new orders placed this […]
Will the flat rolled mills be successful in collecting the $40 per ton price increase they announced last week? No, they will not, predict eight out of 10 steel executives who responded to this week’s Steel Market Update Market Trends questionnaire. Only about 20 percent believe the price increase will stick. Following are some insightful […]
We saw more erosion in hot rolled steel prices this week based on the responses we received from our data providers throughout the day today. Benchmark hot rolled dropped to an average of $835 per ton, while other flat rolled products saw mixed results. Cold rolled rose as the low-end numbers disappeared from last week. […]
We had a bit of a split regarding service center spot prices in the analysis we did of the flat rolled steel markets last week. Manufacturing companies overwhelmingly reported their steel service center suppliers as dropping flat rolled steel spot prices compared to what they were seeing just a couple of weeks ago. On the […]
Twice as many of the respondents to Steel Market Update’s latest market trends questionnaire expect flat rolled steel prices to remain the same or move higher. About 24 percent feel the downward price trend has bottomed, compared with 12 percent in last month’s returns. Steel Market Update’s current Price Momentum Indicator is pointing toward lower […]
Demand for steel products has been strong and improving for much of the year, but the findings of Steel Market Update’s latest flat rolled and plate steels market trends questionnaire show that more companies see demand for their products declining than increasing under the current market conditions. However, when you view the graph below, you […]
Net job creation in September totaled 134,000 positions. Construction and manufacturing gains were both strong. Table 1 breaks total employment down into service and goods-producing industries and then into private and government employees. Most of the goods-producing employees work in manufacturing and construction and the components of these two sectors of most relevance to steel […]
The attitudes of steel buyers and sellers, as measured by this week’s SMU Steel Buyers Sentiment Index questionnaire, are slightly more optimistic than they were last month. The goal of the index is to measure how buyers and sellers of steel feel about their company’s ability to be successful today (Current Index), as well as […]
Lead times for most flat rolled steel products continue to shrink, according to returns from Steel Market Update’s latest market trends questionnaire. Lead times for steel delivery are a measure of demand at the mill level—the shorter the lead time, the less busy the mill, and theoretically the more flexible the price. Lead times for […]
When it comes to haggling over steel prices with the mills, buyers retain a strong bargaining position. Steel Market Update tracks how buyers and sellers of flat rolled steel represent the mill negotiation position. More than eight out of 10 buyers report that mills are willing to negotiate spot prices on new orders placed this […]
The SMU Steel Buyers Sentiment Index has been treading water, albeit at optimistic levels, for the past six months. However, the attitudes of buyers and sellers about conditions in the steel market might be described as anywhere from cautious to tepid, judging by the comments provided in Steel Market Update’s latest Steel Buyers Sentiment Index […]
Lead times for most flat rolled steel products are about a week shorter than they were two months ago. Shorter lead times suggest that steel demand is easing. Lead times for steel delivery are a measure of demand at the mill level—the shorter the lead time, the less busy the mill. Lead times for hot […]
The pendulum has definitely swung back in buyers’ favor when it comes to negotiating steel prices with the mills. Steel Market Update tracks how buyers and sellers of flat rolled steel represent the mill negotiation position. More than nine out of 10 buyers report that mills are willing to negotiate spot prices on hot rolled […]
The following analysis is from the SMU Service Center Inventories Index. This index is a proprietary product produced through data collection and interaction with a large number of flat rolled and plate service centers across the United States. This index is normally shared only with data providers and our Premium level members. If you would […]
Each month, Steel Market Update produces an import analysis by region for two of the six flat rolled product groups (HRC, CRC, HGD, OMC, CTL plate and coiled plate). This month, we are focusing on plate products. The intent of these regional updates is to bridge the gap between our monthly licensed data summaries and […]
Each month, Steel Market Update produces an import analysis by region for two of the six flat rolled product groups (HRC, CRC, HGD, OMC, CTL plate and coiled plate). This month, we are focusing on plate products. The intent of these regional updates is to bridge the gap between our monthly licensed data summaries and […]
Net job creation in August totaled 201,000 positions. Manufacturing took a small step back, but year to date the results are good, according to Steel Market Update’s latest analysis of Bureau of Labor Statistics (BLS) data. Table 1 breaks total employment down into service and goods-producing industries and then into private and government employees. Most […]