Mill lead times on most flat rolled steel products saw little change in the past two weeks, according to Steel Market Update’s latest market trends data. Lead times for hot rolled now average nearly five and a half weeks, cold rolled a bit less than seven and a half weeks, and galvanized a bit more […]
Steel mills appear slightly more willing to negotiate spot prices on cold rolled and less open to price discussions on hot rolled, galvanized and Galvalume products, according to respondents to last week’s Steel Market Update market trends questionnaire. Every two weeks, in a proprietary poll, SMU tracks how buyers and sellers of flat rolled steel […]
The following report is normally provided to data providers and Premium level members of Steel Market Update: Steel Market Update began collecting flat rolled and plate inventories information from our participating service centers beginning on Monday of this week. The following is our “Flash” report, which is derived from at least 50 percent of the […]
Sixty-three percent of respondents to this week’s Steel Market Update market trends questionnaire expect steel supplies to tighten and prices to rise even further now that the Trump administration has revoked the exclusions and imposed Section 232 tariffs on steel imported from Canada, Mexico and the EU nations. The 25 percent tariffs took effect June […]
There are big differences in the year-to-date increase of coiled plate imports on a regional basis. Last week, we published new regional import reports for HRC, CRC and HDG. This week we are publishing new reports for coiled and cut-to-length plate based on the new format. SMU produces import reports by product at the national […]
There are big differences in the year-to-date increase of cut-to-length plate imports on a regional basis. Last week, we published new regional import reports for HRC, CRC and HDG. This week, we are publishing reports for coiled and cut-to-length plate based on the new format. SMU produces import reports by product at the national level […]
The data from Steel Market Update’s latest market trends questionnaire shows some erosion in Future Sentiment. The SMU Steel Buyers Sentiment Index measures how buyers and sellers of flat rolled and plate steels feel about their companies’ ability to be successful both now and three to six months into the future. Buyers and sellers of […]
Mill lead times on all flat rolled steel products shortened in the past two weeks, according to Steel Market Update’s latest market trends data. Lead times for hot rolled now average a bit over five weeks, cold rolled a bit over seven weeks, and galvanized and Galvalume at roughly seven and a half weeks. Lead […]
Steel mills appear slightly more willing to negotiate spot prices on hot rolled, cold rolled and coated steel than two weeks ago, according to respondents to this week’s Steel Market Update market trends questionnaire. Every two weeks, in a proprietary poll, SMU tracks how buyers and sellers of flat rolled steel represent the mill negotiation […]
Twice each month, Steel Market Update conducts a review of the flat rolled and plate steel industries. We do this through a web-based questionnaire, which is sent to approximately 640 individuals associated with either the flat rolled or plate steel industries. The individuals invited are from manufacturing, steel distribution, steel mills, trading companies and toll […]
Editor’s Note: Not a Premium-level subscriber to SMU? See the sample Premium report below: Hot-rolled coil imports in the first four months of the year increased by 38 percent nationally, but saw big variations regionally. Imports can vary significantly from one region to another. Steel Market Update has produced import reports by product at the […]
Editor’s Note: Not a Premium-level subscriber to SMU? See the sample Premium report below: Overall, U.S. imports of cold rolled coil declined by 17 percent year to date through April, but some regions saw increases. Imports can vary significantly from one region to another. Steel Market Update has produced import reports by product at the […]
Editor’s Note: Not a Premium-level subscriber to SMU? See the sample Premium report below: Imports of hot-dipped galvanized sheet into the U.S. as a whole declined by 8 percent year to date through April, but the Great Lakes region was up by 14.1 percent and the South Pacific was down by 33.8 percent. Imports can […]
Beginning in July 2018, Steel Market Update has been recruiting flat rolled and plate steel service centers to participate in our monthly analysis. Our goal is to produce a quality data stream out of the service centers, which can help answer questions regarding future demand from the steel distributors. We provided data sources with our […]
This Steel Market Update report examines the import share of sheet, plate, long and tubular products and 18 subcategories. Table 1 (click to enlarge) shows total supply to the market in three months through April and in 12 months through April for the four product groups and the 18 sub-categories. Supply to the market is […]
Premium subscribers to Steel Market Update receive reports on imports broken down into district of entry and source nation. This new report from SMU takes the analysis to the product detail level. Our rationale is that the more information steel buyers have about product coming into their region, the better job they can do of […]
The SMU Steel Buyers Sentiment Index, which measures how buyers and sellers of flat rolled and plate steels feel about their companies’ ability to be successful both now and three to six months into the future, was slightly lower this week. Demand has stayed strong, and buyers and sellers of flat rolled steel generally remain […]
Mill lead times for hot rolled steel appear to have peaked in the current market cycle, while lead times for coated steels extended a bit in the past few weeks, according to Steel Market Update’s latest market trends data. Lead times for hot rolled now average about five and a half weeks, cold rolled about […]
Steel mills appear less willing to negotiate spot prices on hot rolled, cold rolled and coated steel than two weeks ago, according to respondents to this week’s Steel Market Update market trends questionnaire, perhaps reflecting events on the trade front. Mills may anticipate less competition from imports as a result of Trump’s tariffs. Every two […]
Nearly three out of four respondents to Steel Market Update’s market trends questionnaire this week say they predict flat rolled steel prices will move even higher from here. No doubt views were influenced by the Trump administration’s decision to stand firm on tariffs, even on imports from close trading partners in Canada, Mexico and the […]
The market was shocked when President Trump revoked the exclusions and implemented tariffs on steel and aluminum imports from the United States’ closest trading partners Canada, Mexico and the EU. In this week’s canvass of the market, Steel Market Update asked industry executives if they expect any direct impact on their businesses as a result. […]
In the last 12 months, manufacturing employment has grown by 2.1 percent and construction employment by 4.1 percent, according to Bureau of Labor Statistics data—both positive indicators of future steel sales. 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 […]
With the Trump administration eliminating the Section 232 tariff exclusions for Canada, Mexico and the European Union, it is our opinion that the squeeze on supply coupled with higher prices due to the tariff will provide cover for the domestic steel mills to raise flat rolled and plate steel prices. SMU last moved our Price […]
Service centers held essentially the same number of months of supply of flat rolled steel inventories at the end of April as they did as of the end of March 2018. SMU Service Center Months of Supply Index for flat rolled (sheet) steel is 2.7 months based on responses from 95 percent of the steel […]
Steel demand has remained surprisingly strong in 2018, even as prices have escalated and trade disputes have made purchasing riskier. But Steel Market Update data suggests that demand may be weakening. SMU canvasses the flat rolled steel market every two weeks. A clear majority (62 percent) of the respondents to the May 14 questionnaire indicated […]
Despite all the uncertainty on the trade front, demand has stayed strong, and buyers and sellers of flat rolled steel remain optimistic about their chances for success in current and near-term market conditions. The SMU Steel Buyers Sentiment Index, which measures how buyers and sellers of flat rolled and plate steels feel about their companies’ […]
Mill lead times, which had been stretching for much of the year, may have turned the corner. Flat rolled lead times are still extended, but appear to be stabilizing, according to Steel Market Update’s latest market trends data. Lead times for hot rolled now average about five and a half weeks, cold rolled about seven […]
Steel mills appear slightly more willing to negotiate spot prices on hot rolled, cold rolled and coated steel than a month ago, according to respondents to this week’s Steel Market Update market trends questionnaire. “They will negotiate, but from a high number,” commented on service center executive. “It depends on the mill, but most are […]
Premium subscribers to Steel Market Update receive reports on imports with macro data broken down by product on the national level. SMU also provides reports that detail the import tonnage received by district of entry and source nation. This new report from SMU takes the analysis even further. Using U.S. International Trade Commission (USITC) data, […]
Steel Market Update’s analysis of import market share for sheet, plate, long and tubular products and their 18 subcategories shows big disparities by product type. Table 1 shows total supply to the market in three months through March and in 12 months through March for the four product groups and the 18 subcategories. Supply to […]