Buyers and sellers of flat rolled steel are feeling good about the industry based on the results of the just completed flat rolled steel market trends analysis released by Steel Market Update (SMU). The SMU Steel Buyers Sentiment Index set another record high beating the high mark achieved just two weeks ago (an explanation of […]
Flat rolled lead times at the domestic steel mills were essentially flat to slightly shorter based on the respondents to the Steel Market Update (SMU) flat rolled market trends survey completed earlier today. Steel buyers are quick to react to shorter lead times by requesting spot price reductions in their negotiations with the steel mill […]
Average flat rolled lead times (the amount of time it takes a steel mill to produce a new order placed today) have begun to shrink which is causing steel mills to be more receptive to negotiating flat rolled spot steel prices based on those responding to this week’s flat rolled steel market trends analysis survey. […]
The Steel Market Update (SMU) Steel Price Momentum Index (MoMo) for hot rolled steel in the United States remained positive for the eleventh consecutive week, following a 17 week long negative streak. MoMo is a trailing indicator and shows the relationship between the current U.S. hot rolled coil price movements against the previous 12-week average price […]
SMU Price Momentum Indicator has been pointing to Higher flat rolled steel prices since late October (12 weeks). Based on our analysis of last week’s steel market trends survey as well as direct contact with buyers today, SMU Price Momentum has not changed and our expectation is for prices to move higher over the next […]
The steel industry does not seem to be concerned about the transition of power as Donald Trump becomes the 45th President of the United States. There have been a number of cabinet appointees who have testified about the domestic steel industry and the need to “level the playing field” by taking governments, such as China, […]
Steel mill lead times, the amount of time it takes for steel mills to produce new orders of hot rolled, cold rolled, galvanized or Galvalume products, continue to remain extended according to the results of Steel Market Update flat rolled steel market trends analysis conducted during the course of this week. Hot rolled lead times […]
Flat rolled steel buyers reported the domestic steel mills as not willing to negotiate prices on flat rolled steel products. This is a continuation of the position we reported beginning in November after the initial flat rolled steel price increase announcements being made in late October. Only 17 percent of the respondents to our flat […]
The Steel Market Update (SMU) Steel Price Momentum Index (MoMo) for hot rolled steel in the United States remained positive for the tenth consecutive week, following a 17 week long negative streak. MoMo is a trailing indicator and shows the relationship between the current U.S. hot rolled coil price movements against the previous 12-week average price […]
The Steel Market Update (SMU) Steel Price Momentum Index (MoMo) for hot rolled steel in the United States remained positive for the ninth consecutive week, following a 17 week long negative streak. MoMo is a trailing indicator and shows the relationship between the current U.S. hot rolled coil price movements against the previous 12-week average price […]
During the first week of January Steel Market Update conducted our flat rolled steel market trends analysis. We invited 630 people associated with the flat rolled steel industry to participate. Of those responding 46 percent were manufacturers, 41 percent were steel service centers or wholesalers, 7 percent were steel mills, 4 percent steel trading companies […]
On a single data basis both our Current Steel Buyers Sentiment Index and Future Sentiment Index are at the record highs for our index. Current Sentiment, which is how buyers and sellers of flat rolled steel feel about their company’s ability to be successful in the existing market environment, came in at +71 this week. […]
Flat rolled lead times remained essentially unchanged from what we reported during the middle of December. Steel mill order books appear to be “good” without creating excessive anxiety at their customers. At the moment, we will call lead times as being not too short and not too long but, just about right… Since early Tuesday […]
Steel mills continue to feel comfortable when negotiating with their customers. We found that only one quarter of the steel buyers responding to our survey for this week reported the mills as willing to discuss the possibility of adjusting (lowering) steel spot prices. We found this to be consistent across all flat rolled products: hot […]
The Steel Market Update (SMU) Price Momentum Index (MoMo) for hot rolled steel in the United States remained positive for the eighth consecutive week, following a 17 week long negative streak. MoMo is a trailing indicator and shows the relationship between the current U.S. hot rolled coil price movements against the previous 12-week average price as […]
An explanation of the Key Indicators concept is given at the end of this piece for those readers who are unfamiliar with it. This will explain the difference between our view of the present situation which is subjective and our analysis of trends which is based on the latest facts available. Looking back from the […]
The Steel Market Update (SMU) Price Momentum Index (MoMo) for hot rolled steel in the United States remained positive for the seventh consecutive week, following a 17 week long negative streak. MoMo is a trailing indicator and shows the relationship between the current U.S. hot rolled coil price movements against the previous 12-week average price as […]
Based on the results of the Steel Market Update flat rolled steel market trends analysis performed prior to the Holiday weekend steel mill lead times continue to be extended. The respondents to our survey reported on the amount of time it takes to get hot rolled, cold rolled, galvanized and Galvalume produced from the time […]
There was little movement in the positions of the domestic steel makers when it came to their willingness to negotiate spot flat rolled steel prices this past week. Respondents to our final flat rolled steel market trends survey reported the steel mills as taking strong stances when it came to negotiating spot pricing on hot […]
SMU Steel Buyers Sentiment Index has reversed trend and is rising (getting more optimistic) as we prepare to move into the New Year. On Monday of this week Steel Market Update (SMU) began conducting our mid-December flat rolled steel market trends analysis. We completed our inquiries earlier today (Thursday, December 22, 2016) and we are […]
The Steel Market Update (SMU) Price Momentum Index (MoMo) for hot rolled steel in the United States remained positive for the sixth consecutive week, following a 17 week long negative streak. MoMo is a trailing indicator and shows the relationship between the current U.S. hot rolled coil price movements against the previous 12-week average price as […]
Late last week the Metal Service Center Institute (MSCI) released service center shipment and inventories data for the United States and Canada. We published both a general recap and a more complex analysis of the data in Thursday and Sunday issues of SMU. Steel Market Update has a proprietary model that we apply against the […]
The Steel Market Update (SMU) Price Momentum Index (MoMo) for hot rolled steel in the United States remained positive for the fifth consecutive week, following a 17 week long negative streak. MoMo is a trailing indicator and shows the relationship between the current U.S. hot rolled coil price movements against the previous 12-week average price as […]
SMU Sentiment Index Sees Renewed Optimism The SMU Steel Buyers Sentiment Index has seen a renewed spurt of optimism based on our latest data. Sentiment, which had been trending lower since the beginning of July based on our three month moving average (3MMA) reversed course and moved higher this week. Our 3MMA for Current Sentiment […]
Over the past four days Steel Market Update has been conducting one of our market trends surveys. The respondents to our queries have provided data indicating slightly longer lead times on hot rolled, cold rolled and Galvalume while galvanized lead times remained steady at mid-November levels. The lead times reported in this article are the […]
According to those participating in this week’s flat rolled steel market trends survey the domestic steel mills are taking a firm stance to price negotiations. Since the first price increase announcements were made in late October the percentage of steel buyers reporting the mills as willing to negotiate prices has dropped from a high of […]
The Steel Market Update (SMU) Price Momentum Index (MoMo) for hot rolled steel in the United States remained positive for the fourth consecutive week, following a 17 week long negative streak. MoMo is a trailing indicator and shows the relationship between the current U.S. hot rolled coil price movements against the previous 12-week average price as […]
During the process of completing our questionnaire all of those invited first get to respond to a number of questions aimed at all of our respondents. Then we segregate the respondents into their appropriate groups where they respond to questions specifically designed for each group. The two largest groups are manufacturing companies and steel service […]
An explanation of the Key Indicators concept is given at the end of this piece for those readers who are unfamiliar with it. This will explain the difference between our view of the present situation which is subjective and our analysis of trends which is based on the latest facts available. At the end of […]
In September Steel Market Update forecast October shipments of flat rolled steel out of the service centers would total 2,049,000 tons. According to the Metal Service Center Institute (MSCI) the actual total came in at 2,099,000 tons. SMU forecast flat rolled inventories to total 4,800,000 tons at the end of October. The actual number was […]