Steel Market Update recently adjusted our Price Momentum Indicator to “Higher” as, in our opinion, steel buyers should anticipate flat rolled steel prices to move up over the next 30 to 60 days. During last week’s analysis of the flat rolled steel market, 78 percent of the respondents agreed with SMU, sensing that pricing momentum […]
Apparent steel supply for the month of October totaled 9,355,621 net tons, according to the latest data from the U.S. Department of Commerce and the American Iron and Steel Institute. Apparent steel supply is calculated by adding domestic steel shipments and finished U.S. steel imports, then subtracting total U.S. steel exports. October apparent steel supply […]
U.S. raw steel production for the week ending Dec. 9 totaled 1,672,000 net tons, a 4.0 percent increase from the same period last year, but down 2.8 percent from the prior week. The mill capability utilization rate for the week averaged 71.7 percent, down from 73.8 percent the prior week and 67.8 percent the prior […]
Demand for sheet products improved in the three months through October by 3.2 percent year over year, led by hot rolled and other metallic coated. Demand for Galvalume is surging at the expense of galvanized sheet, according to Steel Market Update’s latest analysis of American Iron and Steel Institute (AISI) and U.S. Department of Commerce […]
The Commerce Department’s Vietnam circumvention ruling on Tuesday represents a departure in the U.S. government’s interpretation of what constitutes adding “minor or insignificant” value to a product. This is a key issue in determining whether importation of a product from a country not directly subject to a trade remedy amounts to a “circumvention” of existing […]
U.S. raw steel production for the week ending Dec. 2 totaled 1,720,000 net tons, a 7.8 percent increase from the same period last year, and up 1.0 percent from the prior week. The mill capability utilization rate for the week averaged 73.8 percent, up from 73.0 percent the prior week and 67.3 percent the prior […]
The Global Forum on Steel Excess Capacity agreed on a framework Thursday for collectively solving the world’s steel overcapacity problem. The 33 members worked together to develop specific policy recommendations using six agreed-upon principles to formulate solutions for bringing steel capacity in line with demand and reducing trade distortions. Notable is a new sharing of […]
Imports of foreign steel will be much lower in November than at any time since April 2016. Based on the most recent license data released on Tuesday, Nov. 28, imports will be approximately 2.6 million tons. This is down from 3.1 million tons in October and is also less than the 2.8 million tons imported […]
U.S. raw steel production for the week ending Nov. 25 totaled 1,703,000 net tons, a 7.0 percent increase from the same period last year, but down 2.4 percent from the prior week. The mill capability utilization rate for the week averaged 73.0 percent, down from 74.9 percent the prior week but up from 67.1 percent […]
U.S. demand for steel sheet products continued to expand through September, according to Steel Market Update’s analysis of data from the American Iron and Steel Institute (AISI) and the U.S. Department of Commerce. Apparent supply is a proxy for market demand. Demand momentum for sheet products in total was negative in the three months through […]
U.S. raw steel production for the week ending Nov. 18 totaled 1,745,000 net tons, a 9.7 percent increase from the same period last year, and up 0.3 percent from the prior week. The mill capability utilization rate for the week averaged 74.9 percent, up from 74.6 percent the prior week and 67.1 percent the prior […]
U.S. raw steel production for the week ending Nov. 11 totaled 1,739,000 net tons, a 9.3 percent increase from the same period last year, and up 1.4 percent from the prior week. The mill capability utilization rate for the week averaged 74.6 percent, up from 73.6 percent the prior week and 67.1 percent the prior […]
Apparent steel supply for the month of September totaled 9,144,648 net tons, according to the latest data from the U.S. Department of Commerce and the American Iron and Steel Institute. Apparent steel supply is calculated by adding domestic steel shipments and finished U.S. steel imports, then subtracting total U.S. steel exports. September apparent steel supply […]
U.S. raw steel production for the week ending Nov. 4 totaled 1,715,000 net tons, a 9.0 percent increase from the same period last year, but down 1.4 percent from the prior week. The mill capability utilization rate for the week averaged 73.6 percent, down from 74.6 percent the prior week and 68.7 percent the prior […]
House Republicans released details of their vision for tax reform on Thursday, raising many questions in constituents’ minds, the primary one being: What does this mean for us? The headline provisions of the bill—which its sponsors contend would simplify the tax code, provide tax relief to the middle class and spur economic growth—include cutting the […]
U.S. raw steel production for the week ending Oct. 28 totaled 1,739,000 net tons, a 5.1 percent increase from the same period last year, and up 0.5 percent from the prior week. The mill capability utilization rate for the week averaged 74.6 percent, down from 74.3 percent the prior week and 70.8 percent the prior […]
Steel imports into the U.S. increased by nearly 20 percent in the first nine months of the year, giving imports an estimated 28 percent share of the U.S. steel market—much to the ire of domestic steelmakers. Citing preliminary Census Bureau data, the American Iron and Steel Institute on Wednesday reported that steel imports year to […]
Two representatives of steel intensive regions will co-chair the Congressional Steel Caucus, Representatives Rick Crawford (R-AR) and Mike Bost (R-IL). Crawford’s 1st Congressional District in Arkansas was a farming region three decades ago when the Caucus was founded. Today, it hosts Nucor-Steel Yamato, Nucor Steel Arkansas, and Big River Steel, making it the second largest […]
Two representatives of steel intensive regions will co-chair the Congressional Steel Caucus, Representatives Rick Crawford (R-AR) and Mike Bost (R-IL). Crawford’s 1st Congressional District in Arkansas was a farming region three decades ago when the Caucus was founded. Today, it hosts Nucor-Steel Yamato, Nucor Steel Arkansas and Big River Steel, making it the second largest […]
U.S. raw steel production for the week ending Oct. 21 totaled 1,731,000 net tons, a 4.6 percent increase from the same period last year, but down 0.7 percent from the prior week. The mill capability utilization rate for the week averaged 74.3 percent, down from 74.8 percent the prior week and 70.8 percent the prior […]
U.S. raw steel production for the week ending Oct. 14 totaled 1,744,000 net tons, a 5.4 percent increase from the same period last year, and up 0.2 percent from the prior week. The mill capability utilization rate for the week averaged 74.8 percent, up from 74.7 percent the prior week and 70.8 percent the prior […]
Demand for steel sheet products continued to expand through August. This report summarizes total steel supply by product from 2003 through August 2017 and year-on-year changes. It then compares domestic mill shipments with total supply to the market. It quantifies market direction by product and enables a side-by-side comparison of the degree to which imports […]
U.S. raw steel production for the week ending Oct. 7 totaled 1,741,000 net tons, a 5.2 percent increase from the same period last year, and up 2.1 percent from the prior week. The mill capability utilization rate for the week averaged 74.7 percent, up from 73.2 percent the prior week and 70.8 percent the prior year, […]
Total raw steel production for the month of August was 7,824,820 net tons, with 5,344,663 tons produced by electric arc furnaces (EAFs) and 2,480,157 tons produced by blast furnaces. This is the highest monthly production figure seen since January 2015 when 8,002,074 tons were produced. August raw steel production was 150,877 tons or 2.0 percent […]
U.S. raw steel production totaled 1,706,000 net tons in the week ended Sept. 30, a 7.2 percent increase from the same period last year, but down 0.8 percent from the prior week. The mill capability utilization rate for the Sept. 30 week averaged 73.2 percent, up substantially from the 68.0 percent at the same time […]
U.S. raw steel production totaled 1,720,000 net tons in the week ending Sept. 23, an 8.1 percent increase from the same period last year, but down 1.4 percent from the prior week. The mill capability utilization rate for the week averaged 73.8 percent, down slightly from 74.9 percent the prior week, but up substantially from the 68.0 […]
Nucor Corp. executives urged the U.S. Trade Representative and Department of Commerce to vigorously oppose any efforts to weaken existing Buy America/n requirements, in their comments on President Trump’s April executive order. The steel company also urged the U.S. government to take additional action to stimulate demand for domestic steel in U.S. and foreign government […]
Are “Buy American” policies good for the U.S. economy and the U.S. steel industry? President Trump issued an executive order in April instructing all federal agencies to conduct comprehensive assessments aimed at cracking down on weak enforcement of Buy American policies, and targeting the abusive use of waivers and exceptions that undermine Buy American laws. […]
European steel producers are worried about tight supply conditions for carbon graphite electrodes used in electric arc furnace steelmaking, but it may not be as big a problem in the U.S. A global shortage of high quality needle coke has spiked prices and squeezed supply of electrodes in Europe in recent months, said Axel Eggert, […]
U.S. raw steel production totaled 1,745,000 net tons in the week ending Sept. 16, up 0.7 percent from the prior week and an increase of 9.7 percent from the same period last year. The mill capability utilization rate for the Sept. 16 week was 74.9 percent, up significantly from 68.0 percent at the same time […]