The Steel Market Update Price MoMo Index for flat rolled steel in the U.S. indicates hot rolled coil price momentum continued its downward trend for the 23rd week in a row and is at the lowest level recorded since May 2011. MoMo, a trailing indicator, is measured as a percentage and shows the relation of […]
The American Iron & Steel Institute (AISI) recently reported final raw steel production estimates for the month of December 2014. This estimation is different than the weekly raw steel production as it is based on 75 percent of the domestic mills reporting vs. 50 percent for the weekly estimates. Total raw steel production for the […]
For the week ending January 24, 2015, the American Iron & Steel Institute (AISI) estimated that the U.S. steel industry produced 1,825,000 net tons (NT) of raw steel, a 1.1 percent increase over the previous week and a 0.1 percent increase over the same week one year ago. The estimated capacity utilization rate is 75.9 […]
According to Baker Hughes data from January 23rd, 2015, the U.S rig count for this week is 1,633 rigs exploring for or developing oil or natural gas. This count is a decrease of 43 rigs when compared to last week, with oil rigs down 49 to 1,317 rigs, gas rigs up 6 to 316 rigs, […]
The U.S. Department of Commerce updated its import license data earlier today. January import levels continue to be at very high levels compared to November and December and very similar to what we saw in September when imports totaled 3.9 million net tons. The daily rate is about 10,000 tons per day higher than November […]
For the week ending January 17, 2015, the American Iron & Steel Institute (AISI) estimated that the U.S. steel industry produced 1,806,000 net tons (NT) of raw steel, a 4.9 percent decrease over the previous week and a 1.0 percent decrease over the same week one year ago. The estimated capacity utilization rate is 75.1 […]
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 October 2014. You may read the press release on their website here. Residential Storage Water Heaters U.S. shipments of residential gas storage water heaters for November 2014 increased 3.9 percent, […]
According to Baker Hughes data from January 16th, 2015, the U.S rig count for this week is 1,676 rigs exploring for or developing oil or natural gas. This count is a decrease of 74 rigs when compared to last week, with oil rigs down 55 to 1,366 rigs, gas rigs down 19 to 310 rigs, […]
The spread between world hot rolled export pricing and that of the domestic average here in the United States is shrinking based on our analysis of steel pricing data from this week. As the spread shrinks, the competitiveness of imported steel into the United States is reduced. Over time, if the trend continues, the domestic […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S. indicates hot rolled coil price momentum continued its downward trend for the 21st week in a row and is at the lowest level recorded since mid-October 2012. MoMo, a trailing indicator, is measured as a percentage and shows the relation of […]
This is another article which generally goes strictly to our Premium level members. Steel Market Update looks at data in a number of different ways. We look at imports on a weekly basis and report on the trends for license data, we look at monthly data and how it relates to the prior month and […]
The U.S. Department of Commerce updated the import license data earlier this afternoon. Based on data collected through January 13, 2015, import licenses are lower at this point in the month than what we saw in September, October, November and December. Licenses for all steel products totaled 100,264 net tons which is much lower than […]
For the week ending January 9, 2015, the American Iron & Steel Institute (AISI) estimated that the U.S. steel industry produced 1,899,000 net tons (NT) of raw steel, a 2.3 percent increase over the previous week and a 4.1 percent increase over the same week one year ago. The estimated capacity utilization rate is 79.0 […]
With the higher value of the U.S. dollar versus other steel trading nation’s currencies, we are seeing exports of steel in November as down slightly over October. November steel exports totaled 953,828 net tons (865,299 metric tons), down 5.6 percent over October but up 1.6 percent from November 2013 (all products). Here is a breakdown […]
Apparent steel supply for the month of November 2014 is 9,637,349 net tons. Apparent steel supply is calculated by adding domestic steel shipments and finished US steel imports and subtracting total US steel exports. November supply represents a 1,044,666 ton or 12.2 percent increase compared to the same month one year ago. This is primarily […]
According to Baker Hughes data from January 9th, 2015, the U.S rig count for this week is 1,750 rigs exploring for or developing oil or natural gas. This count is a decrease of 61 rigs when compared to last week, with oil rigs down 61 to 1,421 rigs, gas rigs up 1 to 329 rigs, […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S. indicates hot rolled coil price momentum continued its downward trend for the 20th week in a row and is at the lowest level recorded since mid-March 2014. MoMo, a trailing indicator, is measured as a percentage and shows the relation of […]
Today we are producing two foreign steel import reports. This one is our normal report and we have a second one following which will look at imports from a different view point. The second report also addresses both long and flat rolled products and is normally available only to our Premium level members. The U.S. […]
For the week ending January 2, 2015, the American Iron & Steel Institute (AISI) estimated that the U.S. steel industry produced 1,857,000 net tons (NT) of raw steel, a 6.4 percent increase over the previous week and a 3.9 percent increase over the same week one year ago. The estimated capacity utilization rate is 77.2 […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S. indicates hot rolled coil price momentum continued its downward trend for the 19th 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 movements against the […]
The U.S. Department of Commerce updated the December 2014 steel import license data. As suspected the volume of requests dropped dramatically from the 4.0 million net ton pace we were seeing earlier in the month to 3.0+ million tons as of December 30th. December total steel imports (alloy and carbon) should be approximately 500,000 tons […]
The spread between world hot rolled export pricing and that of the domestic average here in the United States is shrinking based on our recent analysis. The following is a calculation used by Steel Market Update in order to analyze the spread between world hot rolled export prices and domestic (USA) hot rolled prices. SMU […]
For the week ending December 27, 2014, the American Iron & Steel Institute (AISI) estimated that the U.S. steel industry produced 1,746,000 net tons (NT) of raw steel, a 5.5 percent decrease over the previous week and a 2.3 percent decrease over the same week one year ago. The estimated capacity utilization rate is 72.6 […]
The American Iron & Steel Institute (AISI) recently reported final raw steel production estimates for the month of November 2014. This estimation is different than the weekly raw steel production as it is based on 75 percent of the domestic mills reporting vs. 50 percent for the weekly estimates. Total raw steel production for the […]
According to Baker Hughes data from December 29th, 2014, the U.S rig count for this week is 1,840 rigs exploring for or developing oil or natural gas. This count is a decrease of 35 rigs when compared to last week, with oil rigs down 37 to 1,499 rigs, gas rigs up 2 to 340 rigs, […]
For the week ending December 20, 2014, the American Iron & Steel Institute (AISI) estimated that the U.S. steel industry produced 1,848,000 net tons (NT) of raw steel, a 1.7 percent decrease over the previous week but a 3.4 percent increase over the same week one year ago. The estimated capacity utilization rate is 76.8 […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S. indicates hot rolled coil price momentum continued its downward trend for the 17th 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 movements against the […]
The American Institute of Architects (AIA) released their Architecture Billings Index (ABI) score for the month of November on Wednesday this week, reporting that the latest index is at the lowest point in the last seven months. The ABI score for November was 50.9, down 2.8 points from October’s score of 53.7. Note that the […]
Peter Wright wrote an article in our last issue about the accuracy of the steel import license data. What Peter was referring to was the license data reported at the conclusion of the month and before the preliminary and final census data are reported. Steel Market Update begins to analyze the data beginning in the […]
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 October 2014. You may read the press release on their website here. Residential Storage Water Heaters U.S. shipments of residential gas storage water heaters for October 2014 increased 5.2 percent, […]