The Steel Market Update (SMU) Price Momentum Index (MoMo) for hot rolled steel in the United States turned positive this 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 a percentage. A […]
For the week ending November 12, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,580,000 net tons of raw steel, a 1.4 percent decrease over the previous week but a 5.3 percent increase over the same week one year ago. The estimated capacity utilization rate is 66.6 percent, down […]
According to Baker Hughes data from November 11, 2016, the U.S rig count for the week was 568 rigs exploring for or developing oil or natural gas. This is down 1 rig compared to last week, with oil rigs up 2 to 452 rigs, gas rigs down 2 to 115 rigs, and miscellaneous rigs down […]
The Steel Market Update (SMU) Price Momentum Index (MoMo) for hot rolled steel in the United States remained negative this week for the 17th consecutive week, following a 28 week long positive 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 […]
Since the 24nd week of this year weekly raw steel production has not beaten 2015 levels until this week. For the week ending November 5, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,602,000 net tons of raw steel, a 1.7 percent increase over the previous week and a […]
Below is the latest release issued by the the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) regarding residential and commercial heating and cooling equipment shipments through August 2016. You may read the press release on their website here. Residential Storage Water Heaters U.S. shipments of residential gas storage water heaters for August 2016 increased 9.6 percent […]
According to Baker Hughes data from November 4, 2016, the U.S rig count for the week was 569 rigs exploring for or developing oil or natural gas. This is up 12 rigs compared to last week, with oil rigs up 9 to 450 rigs, gas rigs up 3 to 117 rigs, and miscellaneous rigs unchanged […]
The Steel Market Update (SMU) Price Momentum Index (MoMo) for hot rolled steel in the United States remained negative this week for the 16th consecutive week, following a 28 week long positive 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 […]
For the week ending October 29, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,575,000 net tons of raw steel, a 1.4 percent decrease over the previous week and a 3.3 percent decrease over the same week one year ago. The estimated capacity utilization rate is 66.4 percent, down […]
According to Baker Hughes data from October 28, 2016, the U.S rig count for the week was 557 rigs exploring for or developing oil or natural gas. This is up 4 rigs compared to last week, with oil rigs down 2 to 441 rigs, gas rigs up 6 to 114 rigs, and miscellaneous rigs unchanged […]
The following calculation is used by Steel Market Update to identify the theoretical spread between foreign hot rolled export prices and domestic (USA) hot rolled prices. We want our readers to note that we have made a decision to replace SteelBenchmarker as the primary data provider of foreign hot rolled coil prices. We were finding […]
The American Iron & Steel Institute (AISI) recently reported final U.S. raw steel production estimates for the month of September 2016. The monthly estimates are different than the weekly estimates we report in our Tuesday issues; the AISI bases the monthly estimates on over 75 percent of the domestic mills reporting vs. only 50 percent […]
The Steel Market Update (SMU) Price Momentum Index (MoMo) for hot rolled steel in the United States remained negative this week for the 15th consecutive week, following a 28 week long positive 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 […]
For the week ending October 22, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,597,000 net tons of raw steel, a 0.4 percent increase over the previous week but a 2.0 percent decrease over the same week one year ago. The estimated capacity utilization rate is 67.3 percent, up […]
Chinese steel trade data was recently released for the month of September 2016, providing updated data on iron ore imports, scrap imports, and flat rolled imports and exports. Chinese imports of iron ore in September were 92,990,000 metric tons, an increase of 6.0 percent from the previous month and an increase of 8.0 percent from […]
According to Baker Hughes data from October 21, 2016, the U.S rig count for the week was 553 rigs exploring for or developing oil or natural gas. This is up 14 rigs compared to last week, with oil rigs up 11 to 443 rigs, gas rigs up 3 to 108 rigs, and miscellaneous rigs unchanged […]
The Steel Market Update (SMU) Price Momentum Index (MoMo) for hot rolled steel in the United States remained negative this week for the 14th consecutive week, following a 28 week long positive 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 […]
Canadian shipments for all steel products in the month of September were 370,800 net tons, an increase of 1.6 percent from the month before but a decrease of 8.5 percent from September 2015. Inventories at the end of the month stood at 1,116,500 tons, down 2.8 percent from last month and down 15.6 percent from […]
For the week ending October 15, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,590,000 net tons of raw steel, a 0.3 percent increase over the previous week but a 2.4 percent decrease over the same week one year ago. The estimated capacity utilization rate is 67.0 percent, up […]
The following calculation is used by Steel Market Update to identify the theoretical spread between foreign hot rolled export prices and domestic (USA) hot rolled prices. We want our readers to note that we have made a decision to replace SteelBenchmarker as the primary data provider of foreign hot rolled coil prices. We were finding […]
The Steel Market Update (SMU) Price Momentum Index (MoMo) for hot rolled steel in the United States remained negative this week for the 13th consecutive week, following a 28 week long positive 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 […]
For the week ending October 8, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,585,000 net tons of raw steel, a 1.6 percent decrease over the previous week and a 2.7 percent decrease over the same week one year ago. The estimated capacity utilization rate is 66.8 percent, down […]
The following report on steel exports is from the American Institute for International Steel (AIIS). We thought our readers would enjoy looking at exports from a different perspective: Falls Church, VA. October 11, 2016. Steel exports jumped 10 percent from July to August, nearly returning to their level of a year earlier. The 812,011 net […]
According to the latest data released from the U.S. Department of Commerce and the American Iron and Steel Institute, apparent steel supply for the month of August 2016 was 9,115,482 net tons and the percentage of imports was 26.2 percent of the market. Apparent steel supply is calculated by adding domestic steel shipments and finished […]
August steel exports totaled 812,010 net tons (736,644 metric tons), up 10.0 percent over July but down 1.7 percent from August 2015. This is the highest export level seen since August 2015, while last month we saw exports at a 7 month low (738,096 tons). Total August figures are above the thee month moving average […]
According to Baker Hughes data from October 7, 2016, the U.S rig count for the week was 524 rigs exploring for or developing oil or natural gas. This is up 2 rigs compared to last week, with oil rigs up 3 to 428 rigs, gas rigs down 2 to 94 rigs, and miscellaneous rigs up […]
The Steel Market Update (SMU) Price Momentum Index (MoMo) for hot rolled steel in the United States remained negative this week for the 12th consecutive week, following a 28 week long positive 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 […]
The American Iron & Steel Institute (AISI) recently reported final U.S. raw steel production estimates for the month of August 2016. The monthly estimates are different than the weekly estimates we report in our Tuesday issues; the AISI bases the monthly estimates on over 75 percent of the domestic mills reporting vs. only 50 percent […]
For the week ending October 1, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,611,000 net tons of raw steel, a 0.4 percent increase over the previous week but a 4.5 percent decrease over the same week one year ago. The estimated capacity utilization rate is 68.9 percent, up […]
According to Baker Hughes data from September 30, 2016, the U.S rig count for the week was 522 rigs exploring for or developing oil or natural gas. This is up 11 rigs compared to last week, with oil rigs up 7 to 425 rigs, gas rigs up 4 to 96 rigs, and miscellaneous rigs unchanged […]