Final thoughts
Thursday felt eerily quiet after a frenzy of steel and financial market news on Wednesday.
Tag: Brazil
Pipe import duties sunset for Brazil, kept for six other countries
The International Trade Commission (ITC) made its final injury determination in a sunset review of import duties on circular welded pipe from a handful of countries.
Miller on scrap: Pig iron market takes off
The prices for all grades of pig iron have dramatically risen since SMU’s last report from Nov. 18.
October imports inch higher, but flat rolled at a six-month low
The increase in steel imports from September to October was higher than license applications had suggested earlier this month.
Steelmaking raw material prices remain mostly higher vs. October
Prices of steelmaking raw materials are largely up over the over the last 30 days, as they were the month prior, according to Steel Market Update’s latest analysis.
Final Thoughts
There has been almost an assumption that US mills would get the $950-1,000 per ton ($47.50-50 per cwt) they were seeking on HR base and $1,150-2,000 per ton ($57.50-60 per cwt) for cold-rolled and coated base. Recall that Cliffs initially announced an increase and said it was seeking $1,000 per minimum for hot-rolled coil. Nucor […]
CRU: US Sheet Prices Soar, Making the Country a Target for Imports
Surging US sheet prices and expanding lead times are making imports more attractive. The automotive workers’ strike is essentially over, and domestic US sheet prices have rocketed higher alongside lead times. There is little to suggest that the momentum of these price increases will slow over the next month or two, and thus imports have […]
Miller: Pig Iron Market Update
The importation of basic pig iron has allowed EAF steelmakers to implement thin-slab casting technology to make drawing-quality flat-rolled sheet over the last 30 years.
October Import Licenses Sideways, Flat Rolled Permits Decline
US steel imports continue to arrive at a steady pace, as total import licenses in October were about even with September’s import levels.
Gerdau’s North American Ops See Lower Shipments, But Outlook Positive
Declining demand and a challenging economic environment impacted Gerdau’s shipments in North America during the third quarter.
Ternium Bullish on Mexico and Increased Stake in Usiminas
Latin American flat-rolled steelmaker Ternium is seeing strong demand in Mexico, its main market. With its new mill in Pesquería, Mexico, up and running, more lines there set to come online, and the company now holding an increased stake in Brazilian mining and steel company Usiminas, Luxembourg-based Ternium is optimistic about the future direction of the company.