Residential Storage Water Heaters U.S. shipments of residential gas storage water heaters for August 2013 increased 22.7 percent, to 335,909 units, up from 273,759 units shipped in August 2012. Residential electric storage water heater shipments increased 16.6 percent in August 2013, to 326,805 units, up from 280,177 units shipped in August 2012. For the year-to-date, […]
For the week ending October 26, 2013, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,817,000 net tons of raw steel, a 1.0 percent decrease over the previous week but a 7.4 increase over the same week one year ago. The estimated capacity utilization rate is 75.8 percent, down […]
According to Baker Hughes data from October 25th, 2013, the U.S rig count for this week is 1,738 rigs exploring for or developing oil or natural gas. This count is a decrease of 1 rig when compared to last week, with oil rigs down 4 to 1,357 rigs, gas rigs up 4 to 376 rigs, […]
The American Iron & Steel Institute (AISI) reported their final raw steel production numbers for the month of September 2013. 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 […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S. remained positive this week for the 2nd week in a row after 4 consecutive weeks of being in negative territory. MoMo, a trailing indicator, is based upon the current hot rolled coil price weighed against the previous 12-week average spot price […]
The Architecture Billings Index (ABI) increased yet again for September, reaching its second highest level in 2013, just behind February. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending. The American Institute of Architects reported on Wednesday that the […]
The domestic steel mills continued to put pressure on spot market pricing which resulted in another small increase in our flat rolled price assessments for this week. We continue to hear from buyers that prices are only somewhat negotiable ($10-$30 per ton off of the price announcement levels). This is somewhat of a change from […]
For the week ending October 19, 2013, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,835,000 net tons of raw steel, a 0.6 percent decrease over the previous week but a 8.5 increase over the same week one year ago. The estimated capacity utilization rate is 76.6 percent, down […]
According to Baker Hughes data from October 18th, 2013, the U.S rig count for this week is 1,739 rigs exploring for or developing oil or natural gas. This count is a decrease of 4 rigs when compared to last week, with oil rigs down 6 to 1,361 rigs, gas rigs up 3 to 372 rigs, […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S. turned positive this week after 4 consecutive weeks in negative territory. MoMo, a trailing indicator, is based upon the current hot rolled coil price weighed against the previous 12-week average spot price as recorded by Steel Market Update. MoMo was measured […]
Canadian shipments for all steel products in the month of September were 474,900 net tons, a decrease of 0.8 percent from the month before but an increase of 1.1 percent from September 2012. Inventories at the end of the month stood at 1,297,700 tons, a decrease of 6.6 percent from last month and a decrease […]
For the week ending October 12, 2013, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,847,000 net tons of raw steel, a 1.4 percent decrease over the previous week but a 9.2 increase over the same week one year ago. The estimated capacity utilization rate is 77.1 percent, down […]
According to Baker Hughes data from October 11th, 2013, the U.S rig count for this week is 1,743 rigs exploring for or developing oil or natural gas. This count is a decrease of 13 rigs when compared to last week, with oil rigs down 5 to 1,367 rigs, gas rigs down 9 to 369 rigs, […]
The Board of Directors of the World Steel Association (worldsteel) has elected the following new officers for 2013/2014: Chairman: POSCO Chairman and CEO Joon-Yang Chung Vice Chairmen: Severstal JSC CEO Alexey Mordashov, voestalpine AG CEO and Chairman Wolfgang Eder Treasurer: JFE Steel Corporation CEO and President Eiji Hayashida The new chairman takes office from Wednesday […]
SMU has received a number of questions about the overall level of imports into the U.S. For example, 33.5 million tons in 2012 sounds like a lot. We don’t see this magnitude on the flat rolled side. Could someone please explain what product forms the imports are coming in and where they are coming from? […]
On the Far East Asia side, market for finished products is still weak and in an oversupply situation. Most Asian mills coming into October will resume full production schedules after the summer time electricity curtailments. However, this added production is going into a weak finish demand situation. Consequently, even with the recent slide in the […]
Chinese pig iron steel production in August 2013 was 59,931,000 metric tons, a slight decline of 0.15 percent over July figures but an 11.1 percent increase over the same month one year ago. Total crude steel production was 66,277,000 tons in August, a slight increase from the 65,474,000 tons reported for July but a large […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S. remained negative this week for the 4th week after 15 consecutive weeks in positive territory. MoMo, a trailing indicator, is based upon the current hot rolled coil price weighed against the previous 12-week average spot price as recorded by Steel Market […]
For the week ending October 5, 2013, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,873,000 net tons of raw steel, a 1.1 percent increase over the previous week and a 9.6 increase over the same week one year ago. The estimated capacity utilization rate is 78.2 percent, up […]
CHARLOTTE, N.C., Oct. 7, 2013 — Nucor Corporation NUE +0.08% announced that The Steel Manufacturers Association (SMA) presented Nucor’s Executive Chairman Dan DiMicco with its Iverson-Selig award, recognizing his outstanding contributions to the minimill steel industry. The award is named after Nucor’s founder Ken Iverson and Marvin Selig, founder of CMC Steel, who were two […]
According to Baker Hughes data from October 4th, 2013, the U.S rig count for this week is 1,756 rigs exploring for or developing oil or natural gas. This count is an increase of 12 rigs when compared to last week, with oil rigs up 10 to 1,372 rigs, gas rigs up 2 to 378 rigs, […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S. remained negative this week for the 3rd week after 15 consecutive weeks in positive territory. MoMo, a trailing indicator, is based upon the current hot rolled coil price weighed against the previous 12-week average spot price as recorded by Steel Market […]
For the week ending September 28, 2013, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,852,000 net tons of raw steel, a 1.3 percent decrease over the previous week but a 5.8 increase over the same week one year ago. The estimated capacity utilization rate is 77.3 percent, down […]
The American Iron & Steel Institute (AISI) reported their final raw steel production numbers for the month of August 2013. 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 […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S. remained negative this week for the 2nd week after 15 consecutive weeks in positive territory. MoMo, a trailing indicator, is based upon the current hot rolled coil price weighed against the previous 12-week average spot price as recorded by Steel Market […]
For the week ending September 21, 2013, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,877,000 net tons of raw steel, a 1.8 percent increase over the previous week and a 7.2 increase over the same week one year ago. The estimated capacity utilization rate is 78.3 percent, up […]
According to Baker Hughes data from September 20th, 2013, the U.S rig count for this week is 1,761 rigs exploring for or developing oil or natural gas. This count is a decrease of 7 rigs when compared to last week, with oil rigs up 8 to 1,369 rigs, gas rigs down 15 to 386 rigs, […]
Prices this week are slightly lower over what we saw last week. For all of the companies below, prices fell or remained steady for all four products followed. We saw slight movement from $10 per ton lower or no change at all. Benchmark hot rolled prices range from $635 to $645 per ton (average $640.50 […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S. turned negative this week after 15 consecutive weeks in positive territory. MoMo, a trailing indicator, is based upon the current hot rolled coil price weighed against the previous 12-week average spot price as recorded by Steel Market Update. MoMo was measured […]
Increasing demand for design services fueling recovery for construction industry The Architecture Billings Index (ABI) showed more acceleration in the growth of design activity nationally. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending. The American Institute of Architects […]