September ferrous scrap exports totaled 1,548,020 metric tons (1,706,398 net tons) with Turkey, Korea, Taiwan, China, Mexico, and Canada being the top five recipients of U.S. collected scrap. Of the higher ranking countries in the table below, there was month-over-month increase in exports going to Korea and Mexico over the August figures, but a decrease […]
According to Baker Hughes data from November 22nd, 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 1 rig when compared to last week, with oil rigs up 2 to 1,387 rigs, gas rigs down 1 to 369 rigs, […]
Residential Storage Water Heaters U.S. shipments of residential gas storage water heaters for September 2013 increased 18.1 percent, to 333,392 units, up from 282,335 units shipped in September 2012. Residential electric storage water heater shipments increased 10.6 percent in September 2013, to 304,310 units, up from 275,092 units shipped in September 2012. For the year-to-date, […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S. remained positive this week for the 6th 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 […]
Apparent steel supply for September was 9,043,000 net tons, a 10.38 percent increase compared to the same month one year ago. This is due to an 8 to 9 percent increase in domestic shipments and all imports, and was slightly offset by a decrease in exports, down 3.38 percent. The net trade balance from the […]
For the week ending November 16, 2013, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,856,000 net tons of raw steel, a 1.5 percent increase over the previous week and a 6.4 increase over the same week one year ago. The estimated capacity utilization rate is 77.5 percent, up […]
According to Baker Hughes data from November 15th, 2013, the U.S rig count for this week is 1,762 rigs exploring for or developing oil or natural gas. This count is an increase of 8 rigs when compared to last week, with oil rigs up 2 to 1,385 rigs, gas rigs up 5 to 370 rigs, […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S. remained positive this week for the fifth 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 price weighed against the previous 12-week average spot price as […]
November 12, 2013, Falls Church, VA – The American Institute for International Steel announces the selection of Richard Chriss as its new Executive Director, replacing David Phelps, who is retiring. David served as the Institute’s Executive Director and later President for the past 17 years. Mr. Chriss will assume his new position on November 18, […]
For the week ending November 9, 2013, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,829,000 net tons of raw steel, a 0.2 percent decrease over the previous week but a 4.9 increase over the same week one year ago. The estimated capacity utilization rate is 76.3 percent, down […]
According to Baker Hughes data from November 8th, 2013, the U.S rig count for this week is 1,754 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 7 to 1,383 rigs, gas rigs up 5 to 365 rigs, […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S. remained positive this week for the 4th 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 2, 2013, the American Iron & Steel Institute (AISI) reported that the U.S. steel industry produced 1,833,000 net tons of raw steel, a 0.9 percent increase over the previous week and a 7.4 increase over the same week one year ago. The estimated capacity utilization rate is 76.5 percent, up […]
The American Iron & Steel Institute (AISI) reported estimated raw steel production at 1,817,000 net tons for the week ending October 26th, 2013. During October, production peaked to a high of 1,873,000 net tons in the week ending October 5th, and dipped to a low of 1,817,000 net tons in the final week ending October […]
The inputs which affect steel prices increased slightly during the month of September with the exception of shredded scrap and 58% Fe Iron Ore prices. Busheling and HMS scrap prices increased by $3 to $5 per ton in the Midwest. Iron ore spot pricing – which is measured out of China – showed one product […]
Apparent steel supply for August 2013 was up 1.62 percent compared to the same month one year ago. This is primarily due to higher total steel imports and higher semi-finished steel imports for this year. The net trade surplus from imports versus exports was 1,730,960 net tons in August of this year, up from 1,502,420 […]
According to Baker Hughes data from November 1st, 2013, the U.S rig count for this week is 1,742 rigs exploring for or developing oil or natural gas. This count is an increase of 4 rigs when compared to last week, with oil rigs up 19 to 1,376 rigs, gas rigs down 16 to 360 rigs, […]
Apparent steel supply for August 2013 was up slightly compared to the same month one year ago by 1.62 percent. This is primarily due to higher total imports and higher semi-finished imports for this year. The net trade from imports and exports was a surplus of 1,730,960 net tons in August of this year, up […]
According to Baker Hughes data from November 1st, 2013, the U.S rig count for this week is 1,742 rigs exploring for or developing oil or natural gas. This count is an increase of 4 rigs when compared to last week, with oil rigs up 19 to 1,376 rigs, gas rigs down 16 to 360 rigs, […]
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S. remained positive this week for the 3rd 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 […]
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 […]