The Steel Market Update Price MoMo Index for flat rolled steel in the U.S. is showing positive hot rolled coil price momentum after being negative for 37 consecutive weeks. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current hot rolled coil (HRC) price movements against the previous 12-week […]
For the week ending May 9, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,665,000 net tons of raw steel, a 2.7 percent decrease over the previous week and a 10.5 percent decrease over the same week one year ago. The estimated capacity utilization rate is 70.4 percent, down […]
According to Baker Hughes data from May 10th, 2015, the U.S rig count for the week was 894 rigs exploring for or developing oil or natural gas. The last time the active U.S. count was this low was back on June 12, 2009 at 876 rigs. This week’s total rig count is down 11 rigs […]
March steel exports totaled 896,027 net tons (812,863 metric tons), up 2.0 percent over February but down 13.8 percent from March 2014. Total March figures are below both the thee month moving average (3MMA, average of January 2015 through March 2015 figures) and the twelve month moving average (12MMA, average of April 2014 through March […]
According to the latest data released from the US Department of Commerce and the American Iron and Steel Institute, apparent steel supply for the month of March 2015 is 9,575,903 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports and subtracting total US steel exports. March supply […]
This week the Steel Market Update Price MoMo Index for flat rolled steel in the U.S. is showing hot rolled coil price momentum continuing its downward trend for the 37th week in a row. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current hot rolled coil (HRC) price […]
For the week ending May 2, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,712,000 net tons of raw steel, a 0.3 percent increase over the previous week but a 7.0 percent decrease over the same week one year ago. The estimated capacity utilization rate is 72.4 percent, up […]
Chinese steel trade data was recently released for the month of March 2015, providing updated data on iron ore imports, steel scrap imports, and flat rolled imports and exports. Chinese imports of iron ore in March were 80,509,000 metric tons, an increase of 18.5 percent from the previous month and an increase of 8.9 percent […]
According to Baker Hughes data from May 1st, 2015, the U.S rig count for the week was 905 rigs exploring for or developing oil or natural gas. The last time the active U.S. count was this low was back on June 19, 2009 at 899 rigs. This week’s total rig count is down 27 rigs […]
The spread between world hot rolled export pricing and that of the domestic average here in the United States continues to be reduced from what we were measuring a couple of months ago. This analysis is based on our review of world export prices and the hot rolled index produced by SMU earlier this week. […]
The American Iron & Steel Institute (AISI) recently reported final raw steel production estimates for the month of March 2015. The monthly estimates are different than the weekly estimates we report in our Tuesday issues; the AISI bases the monthly estimates on 75 percent of the domestic mills reporting vs. only 50 percent for the […]
This week the Steel Market Update Price MoMo Index for flat rolled steel in the U.S. is showing hot rolled coil price momentum continuing its downward trend for the 36th week in a row. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current hot rolled coil (HRC) price […]
When we speak with the domestic steel mills one of the things we hear from them is that their order books have improved over the last three weeks. The weekly raw steel production report provided by the AISI is also catching this change in ordering and production patterns. For the week ending April 25, 2015, […]
With Nucor CEO John Ferriola commenting today about the surge in steel plate imports over the last two months into the United States, Steel Market Update thought we would do a piece showing plate imports over the last few years and how they compare to recent levels. The monthly average import rate of plate in […]
This week the Steel Market Update Price MoMo Index for flat rolled steel in the U.S. is showing hot rolled coil price momentum continuing its downward trend for the 35th week in a row. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current hot rolled coil (HRC) price […]
For the week ending April 18, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,655,000 net tons of raw steel, a 2.1 percent increase over the previous week but a 10.1 percent decrease over the same week one year ago. The estimated capacity utilization rate is 70.0 percent, up […]
According to Baker Hughes data from April 17th, 2015, the U.S rig count for the week was 954 rigs exploring for or developing oil or natural gas. The last time the active U.S. count was this low was back on July 31, 2009 at 948 rigs. This week’s total rig count is down 34 rigs […]
The spread between world hot rolled export pricing and that of the domestic average here in the United States continues to be reduced from what we were measuring a couple of months ago. This analysis is based on our review of world export prices and the hot rolled index produced by SMU earlier this week. […]
This week the Steel Market Update Price MoMo Index for flat rolled steel in the U.S. is showing hot rolled coil price momentum continuing its downward trend for the 33rd week in a row. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current hot rolled coil (HRC) price […]
For the week ending April 11, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,621,000 net tons of raw steel, a 1.3 percent increase over the previous week but a 12.0 percent decrease over the same week one year ago. The estimated capacity utilization rate is 68.6 percent, up […]
According to Baker Hughes data from April 2nd, 2015, the U.S rig count for the week was 988 rigs exploring for or developing oil or natural gas. The last time the active U.S. count was this low was back in late-August 2009 at 968 rigs. This week’s total rig count is down 40 rigs when […]
Below is the latest data issued by the the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) regarding residential and commercial heating and cooling equipment shipments through February 2015. You may read the press release on their website here. Residential Storage Water Heaters U.S. shipments of residential gas storage water heaters for February 2015 increased 5.4 percent, […]
According to the latest data released from the US Department of Commerce and the American Iron and Steel Institute, apparent steel supply for the month of February 2015 is 8,968,831 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports and subtracting total US steel exports. February supply […]
This week the Steel Market Update Price MoMo Index for flat rolled steel in the U.S. is showing hot rolled coil price momentum continuing its downward trend for the 33rd week in a row. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current hot rolled coil (HRC) price […]
For the week ending April 4, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,600,000 net tons of raw steel, a 1.7 percent decrease over the previous week and a 13.7 percent decrease over the same week one year ago. The estimated capacity utilization rate is 67.7 percent, down […]
According to Baker Hughes data from April 2nd, 2015, the U.S rig count for the week was 1,028 rigs exploring for or developing oil or natural gas. The rig count is down 20 rigs when compared to last week, with oil rigs down 11 to 802 rigs, gas rigs down 11 to 222 rigs, and […]
There have been so many announcements made by the integrated steel mills (US Steel and ArcelorMittal especially) since the beginning of 2015 we thought we would provide details on various blast furnace outages and other equipment and plants associated with steel making that have been affected by slowing order books in the energy sectors and […]
This week the Steel Market Update Price MoMo Index for flat rolled steel in the U.S. is showing hot rolled coil price momentum continuing its downward trend for the 32nd week in a row. MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current hot rolled coil (HRC) price […]
US Steel announced today it will adjust operations and temporarily idle a portion of its Minntac plant in Mount Iron, Minnesota, effective June 1st 2015. This is due to the company’s current iron ore inventory levels and ongoing adjustment of its steel making operations throughout North America. The company will continue to operate Minntac at reduced capacity […]
For the week ending March 28, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,628,000 net tons of raw steel, a 0.7 percent decrease over the previous week and a 12.8 percent decrease over the same week one year ago. The estimated capacity utilization rate is 68.9 percent, down […]