Flat rolled = 50.6 shipping days of supply Plate = 52.8 shipping days of supply Flat rolled US service centers’ flat-rolled steel supply declined for the fourth straight month, reaching 50.6 shipping days of supply on an adjusted basis at the end of November, according to SMU data. Flat roll supply is at its lowest […]
Nucor increased its weekly hot-rolled coil spot list price by $10 per short ton (st) again on Monday, Dec. 15. This was its eighth increase in as many weeks, moving up $65/st over that span.
SMU’s latest steel buyers market survey results are now available on our website to all premium members.
The price gap between stateside hot band and landed offshore product continues to narrow toward parity, now at its lowest level in five months.
SMU’s December ferrous scrap market survey results are now available on our website to all premium members.
Nucor increased its weekly hot-rolled coil spot list price by $10 per short ton (st) on Monday, Dec. 8.
Metalforming manufacturers were mixed in their outlook, anticipating business conditions could either worsen or, at best, hold in the near-term, according to PMA's November report.
The price gap between stateside hot band and landed offshore product has inched closer to parity, now at its lowest level since the summer.
Oregon Steel Mills has joined other producers, announcing a price increase of at least $40 per short ton for steel plate.
Nucor increased its weekly hot-rolled coil spot list price by $5 per short ton (st) on Monday, Dec. 1. This was its sixth increase in as many weeks, moving up $45/st over that span.
SMU’s Current Steel Buyers’ Sentiment Index improved this week as Future Sentiment inched up as well, according to our most recent survey data.
The price gap between stateside hot band and landed offshore product tightened further this week, as the average price for domestic hot-rolled was $10/st higher w/w.
US and Canadian rig counts both declined this week, according to the latest Baker Hughes data released on Wednesday, Nov. 26.
SMU’s latest steel buyers market survey results are now available on our website to all premium members.
SSAB Americas aims to increase prices on all its products by at least $40 per short ton (st).
Domestic steel production improved last week, according to the latest figures from the American Iron and Steel Institute (AISI).
Nucor increased its weekly hot-rolled coil spot list price by $5 per short ton (st) on Monday, Nov. 24. This was its fifth increase in as many weeks.
The price gap between stateside hot band and landed offshore product shrank week over week (w/w).
The SMU Steel Demand Index slackened from late October, remaining below expansion territory, according to SMU's mid-November indicators.
SMU’s Mill Order Index (MOI) surged in October after a notable decline the month prior. The recovery came as service center on order inventory totals picked up, supported by a slight uptick in shipments, according to our latest service center inventories data.
Domestic steel production dipped last week, but was still above the year-to-date weekly average and the same week a year earlier.
US service centers’ flat-rolled steel supply edged lower for the third straight month, reaching 53.3 shipping days of supply on an adjusted basis at the end of October, according to SMU data.
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil for a fourth consecutive week. Now at $910 per short ton (st), up $15/st from last week.
The latest Baker Hughes rig count report showed oil and gas drilling improved in the US this past week, while Canada saw its rig count decline.
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]
The price gap between stateside hot band and landed offshore product has marginally widened week over week.
JSW Steel USA aims to increase steel plate prices by at least $40/short ton.
Nucor increased its weekly hot-rolled coil spot list price by $5 per short ton on Monday, Nov. 10.
The Dodge Momentum Index (DMI) fell more than 7% in October, sliding for the first time in six months. Still, the index is up 35% year-to-date, according to the latest data released by Dodge Construction Network.
The latest Baker Hughes rig count report showed oil and gas drilling improved in both the US and Canada in the first week of November.