The Steel Market Update Price MoMo Index for flat rolled steel in the U.S. remained positive this week for the 12th week in a row after four consecutive weeks of being in negative territory. MoMo, a trailing indicator, is based upon the current hot rolled coil (HRC) price weighed against the previous 12-week average spot […]
For the week ending December 28, 2013, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,773,000 net tons of raw steel, a 2.3 percent increase over the previous week but a 0.7 percent decrease over the same week one year ago. The estimated capacity utilization rate is 74.0 percent, […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S. remained positive this week for the 11th 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 (HRC) price weighed against the previous 12-week average spot […]
According to Baker Hughes data from December 27, 2013, the U.S rig count for this week is 1,757 rigs exploring for or developing oil or natural gas. This count is a decrease of 11 rigs when compared to last week, with oil rigs down 13 to 1,382 rigs, gas rigs up 2 to 374 rigs, […]
For the week ending December 21, 2013, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,733,000 net tons of raw steel, a 4.7 percent decrease over the previous week and a 2.9 percent decrease over the same week one year ago. The estimated capacity utilization rate is 72.3 percent, […]
According to Baker Hughes data from December 20th, 2013, the U.S rig count for this week is 1,768 rigs exploring for or developing oil or natural gas. This count is a decrease of 14 rigs when compared to last week, with oil rigs down 16 to 1,395 rigs, gas rigs up 3 to 372 rigs, […]
The American Institute of Architects (AIA) reported the results of their analysis of member companies demand for design services. The resulting Architecture Billings Index (ABI) is one of the most watched indices associated with residential and commercial construction by the steel community. A tremendous amount of flat rolled steel as well as long products are […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S. remained positive this week for the 10th 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 (HRC) price weighed against the previous 12-week average spot […]
Canadian shipments for all steel products in the month of November were 473,000 net tons, a decrease of 11.1 percent from the month before and a decrease of 4.5 percent from November 2012. Inventories at the end of the month stood at 1,256,700 tons, an increase of 0.9 percent from last month but a decrease […]
For the week ending December 14, 2013, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,818,000 net tons of raw steel, a 0.6 percent decrease over the previous week but a 1.8 percent increase over the same week one year ago. The estimated capacity utilization rate is 75.9 percent, […]
According to Baker Hughes data from December 13th, 2013, the U.S rig count for this week is 1,782 rigs exploring for or developing oil or natural gas. This count is an increase of 7 rigs when compared to last week, with oil rigs up 14 to 1,411 rigs, gas rigs down 6 to 369 rigs, […]
The AHRI released shipment data for heating and cooling equipment for the month of October 2013. This data is important to those in the steel industry as the equipment is made out of flat rolled steels. The data is also an important economic indicator for residential construction and growth. Residential Storage Water Heaters U.S. shipments […]
Apparent steel supply for October was 9,445,160 net tons, a 12.63 percent increase compared to the same month one year ago. This was due to a large increase in domestic shipments and total imports, and a decrease in exports. The net trade balance from the difference between imports and exports was a surplus of imports […]
October ferrous scrap exports totaled 1,451,844 net tons (1,317,092 metric tons) with Turkey, Korea, Taiwan, China, and Mexico being the top five countries where scrap was sent. These countries accounted for over 74.1 percent of all scrap exports. Of the higher ranking countries in the table below, there was month-over-month increase in ferrous scrap exports […]
Total U.S. steel exports for the first 10 months of 2013 were 10,871,857 net tons (NT), a 7.69 percent decrease from the 11,777,542 NT exported for the same period in 2012. NAFTA exports decreased slightly during that time frame by 173,983 NT or 1.86 percent. U.S. exports to non-NAFTA countries within the Western Hemisphere were […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S. remained positive this week for the 9th 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 […]
Total steel exports rose 10.86 percent in October over September and were at the highest levels seen since May 2013. Of the 1,133,090 net tons (NT) exported in October, 52.70 percent were sent to Canada and 36.17 percent went to Mexico. The remaining 11.12 percent went to non-NAFTA countries, with tonnage going to Brazil (1.01 […]
For the week ending December 7, 2013, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,829,000 net tons of raw steel, a 0.9 percent increase over the previous week and a 2.5 increase over the same week one year ago. The estimated capacity utilization rate is 76.3 percent, up […]
Prepainted flat rolled imports increased in October over August for all products followed by SMU, especially for galvanized and electro-galvanized. Compared to the same month one year ago, prepainted imports in October significantly increased for all products. As you can see by our table below – prepainted cold rolled (CR) imports increased by 376 NT […]
According to Baker Hughes data from December 6th, 2013, the U.S rig count for this week is 1,775 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 6 to 1,397 rigs, gas rigs up 8 to 375 rigs, […]
Final October import data was released earlier this week, showing total imports for the month at 3,101,063 net tons (2,813,240 metric tons). This figure is the highest tonnage seen since April 2012 when imports were 3,144,947 NT (2,853,051 MT). Total October imports are well above both the 3 and 12 month-moving-averages (MMA). Compared to September, […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S. remained positive this week for the 8th 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 […]
For the week ending November 30, 2013, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,812,000 net tons of raw steel, a 2.1 percent decrease over the previous week but a 3.9 increase over the same week one year ago. The estimated capacity utilization rate is 75.6 percent, down […]
The American Iron & Steel Institute (AISI) reported their final raw steel production numbers for the month of October 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 […]
According to Baker Hughes data from November 27th, 2013, the U.S rig count for this week is 1,763 rigs exploring for or developing oil or natural gas. This count is an increase of 2 rigs when compared to last week, with oil rigs up 4 to 1,391 rigs, gas rigs down 2 to 367 rigs, […]
The U.S. Department of Commerce released preliminary October import figures earlier today, estimating total imports of 3,059,358 net tons (NT). This tonnage is the highest monthly figure since May 2012 when total imports were 3,064,008 NT. With the exception of hot rolled products, imports increased month-over-month (MOM) in October for all products in the table […]
After compiling the results from our most recent Steel Market Update survey, we found service center inventories have risen to an average of 2.21 months for mid-November, the highest figure since mid-July of this year. This is an improvement compared to the early-November survey, when inventories were measured at 2.04 months, the lowest figure since […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S. remained positive this week for the 7th 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 […]
For the week ending November 23, 2013, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,850,000 net tons of raw steel, a 0.3 percent decrease over the previous week but a 6.1 increase over the same week one year ago. The estimated capacity utilization rate is 77.2 percent, down […]
Once per month Steel Market Update publishes reports on flat rolled imports into the United States by product, port and country of origin. The result is a fairly massive report which is difficult to reproduce in our newsletter but is in our new website. The totals in the report are accurate. However, we have removed countries […]