The Steel Market Update (SMU) Price MoMo Index for hot rolled steel in the United States was positive for the ninth consecutive week, following a 39 week negative streak prior. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current U.S. hot rolled coil (HRC) price movements against the […]
On Friday, Steel Market Update (SMU) adjusted our Price Momentum Indicator from Higher to Neutral. Now why did we go and do that? We have been stuck in a very tight trading range on most flat rolled steels since late April of this year. Benchmark hot rolled, which is used by most in the […]
The Steel Market Update (SMU) Price MoMo Index for hot rolled steel in the United States was positive (indicating higher prices) for the eighth consecutive week. This follows a 39 week negative streak (falling prices). MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current U.S. hot rolled coil […]
Last week Steel Market Update (SMU) conducted our early July flat rolled steel market analysis (survey). We invited just under 600 companies to participate in our questionnaire which covered such items as Sentiment, pricing trends, purchasing trends, inventories, lead times, negotiations and more. We placed two questions early during the survey process where we ask […]
Steel Market Update (SMU) has been measuring “Sentiment” or, how buyers and sellers feel about their company’s ability to be successful both in the current market environment as well as three to six months into the future. We concluded our analysis earlier today and have determined that those involved in the flat rolled steel industry […]
Even with a new price increase announcement out of US Steel (+$40) lead times remain flat compared to what we saw during the middle of June. All of the products, hot rolled, cold rolled, galvanized and Galvalume lead times are shorter than what we reported at the beginning of July 2014. Hot rolled lead times […]
Steel Market Update (SMU) continues to collect data from manufacturing and distributors suggesting that the domestic steel mills are willing to negotiate flat rolled steel pricing for new spot orders. The weakest product is hot rolled steel where 76 percent of our respondents reported the mills as willing to negotiate steel prices. Prior to this […]
The Steel Market Update (SMU) Price MoMo Index for hot rolled steel in the United States was positive (indicating higher prices) for the seventh consecutive week. This follows a 39 week negative streak (falling prices). MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current U.S. hot rolled coil […]
An explanation of the Key Indicators concept is given at the end of this piece for those readers who are unfamiliar with it. The total number of indicators considered in this analysis is currently 36. Please refer to Table 1 for the view of the present situation and the quantitative measure of trends. Readers should […]
The Steel Market Update (SMU) Price MoMo Index for hot rolled steel in the United States was positive (indicating higher prices) for the sixth consecutive week. This follows a 39 week negative streak (falling prices). MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current U.S. hot rolled coil […]
A steel buyer is required to make buying decisions – often worth millions of dollars – on current market conditions and expectations of future market conditions. How does anyone do that well in an environment of uncertainty and constant change? One way to get an advantage is to be a “Learning Machine”. Here’s what Charlie […]
Before the ink had dried on last month’s service center flat rolled inventory “Apparent Excess/Deficit” report and forecast we knew our forecast was being a bit too optimistic. This was pointed out to us in an email from a large service center who has been following our Apparent Excess since the beginning. “I read with […]
The Steel Market Update (SMU) Price MoMo Index for flat rolled steel in the United States was positive for the fifth consecutive week indicating that prices have been rising. This follows a 39 week negative streak (falling prices). MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current U.S. […]
SMU Sentiment Index Jumps Since our last flat rolled steel market analysis and evaluation of how buyers and sellers of steel feel about their company’s ability to be successful both three to six months from now (Future) as well as in today’s economic environment (Current), we have had a second price increase and a dumping […]
Steel Market Update reported in the Tuesday issue of our newsletter that negotiations have started between the USW (United Steelworkers Union) and ArcelorMittal. The issue was raised at the Bank of America Merrill Lynch dinner where SMU publisher, John Packard, spoke last night. We have been anticipating that the posturing by the union and AM, […]
Lead times moved out slightly on three of the four flat rolled products: hot rolled, cold rolled and galvanized. The only product which essentially remained the same was Galvalume. Hot rolled lead times averaged 4 weeks, according to the results of this week’s flat rolled steel market analysis (survey). This is up from 3.66 weeks […]
As with lead times, our survey respondents are reporting steel mills as slowly regressing and moving away from negotiating flat rolled steel prices. Although we are seeing movement, the percentage of respondents reporting the mills as still willing to negotiate hot rolled, cold rolled, galvanized and Galvalume continues to be more than 50 percent. Hot […]
The steel industry has been preparing for a trade suit for well over a year. Those who buy steel, manufacturers, fabricators and steel service centers have had ample time to prepare for what many had been predicting as inevitable, a light flat rolled coated steel anti-dumping (AD) and countervailing duty (CVD) suit. As we speak […]
The Steel Market Update (SMU) Price MoMo Index for flat rolled steel in the United States was positive for the fourth consecutive week, following a 39 week negative streak. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current U.S. hot rolled coil (HRC) price movements against the previous […]
Steel Market Update was analyzing data from our last flat rolled market survey just as the domestic mills began announcing price increases. We thought our readers might be interested in looking at the data with us and then guess as to whether the new price increases will “stick” or falter over time. In our opinion, […]
The Steel Market Update (SMU) Price MoMo Index for flat rolled steel in the United States was positive for the third consecutive week, following a 39 week negative streak. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current U.S. hot rolled coil (HRC) price movements against the previous […]
Lead times have not shot out since the price increase announcements were made in early May. Hot rolled lead times were reported as being 3.5 weeks at the beginning of May and one month later HRC lead times averaged 3.66 weeks according to the results of our most recent flat rolled steel survey. Lead times […]
Our respondents to last week’s flat rolled steel market survey continue to report prices as being negotiable, maybe not to the degree we have been seeing since the beginning of the year, but negotiable non-the-less. However, we need to remember that the vast majority of our responses were made prior to the anti-dumping trade suit […]
Steel Market Update (SMU) conducted our flat rolled steel analysis over the past four days. Based on the responses collected from those taking our survey we found a continuation of the optimistic trend that we have seen for a number of years now but, when compared to 2nd Quarter 2014 our index has been disappointing […]
The Steel Market Update (SMU) Price MoMo Index for flat rolled steel in the United States is showing positive hot rolled coil price momentum for the second consecutive week, following a 39 week negative streak. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current hot rolled coil (HRC) […]
An explanation of the Key Indicators concept is given at the end of this piece for those readers who are unfamiliar with it. The total number of indicators considered in this analysis is currently 36. Please refer to Table 1 for the view of the present situation and the quantitative measure of trends. Readers should […]
We ended the month of April with the SMU Price Momentum Indicator at Neutral. As the month of May began, the domestic mills announced price increases and managed to move our needle to Higher. As the month ends, our Momentum Indicator continues to point toward higher domestic flat rolled steel prices over the next 30 […]
After 39 consecutive weeks of being negative, the Steel Market Update (SMU) Price MoMo Index for flat rolled steel in the United States is showing positive hot rolled coil price momentum. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current hot rolled coil (HRC) price movements against the […]
Twice per month, Steel Market Update (SMU) conducts a detailed flat rolled steel market analysis. We do this by inviting approximately 600 companies, which have been vetted by our publisher to make sure they are legitimate buyers, sellers or executives involved with hot rolled, cold rolled, galvanized, Galvalume or plate products. We then send invitations […]
One of the core themes in my series of articles on steel purchasing basics is the importance of the supplier/customer relationship. Many large OEM customers rate their suppliers as a tool in order to get them to improve their performance but generally they pay little attention to how their suppliers rate them. However, Planning Perspectives […]