If you haven’t registered for the Premier Steel Conference in North America, then this is the time to do so. The Steel Market Update Events App, which all 900+ attendees have access to, was launched last week, meaning registered attendees are now busy organizing meetings with each other in advance to make the most of their time […]
If you haven’t registered for the Premier Steel Conference in North America, then this is the time to do so. The Steel Market Update Events App, which all 900+ attendees have access to, was launched last week, meaning registered attendees are now busy organizing meetings with each other in advance to make the most of their time […]
By CRU Principal Analyst Josh Spoores U.S. sheet prices continue to be supported by new mill price announcements as HR coil gained $5 /s.ton, rising to $553 /s.ton. This price assessment reflects transactions taking place last week. On Monday of this week, ArcelorMittal led the third round of increases since late June, signaling $630 /s.ton […]
Imports of “finished” foreign steel are trending below 2 million net tons for the month of July. Overall, the trend, based on the first two weeks of license data for all products, is for a 3.2 million net ton month. SMU believes these numbers are overstated due to the opening of a new quarter and […]
California Steel Industries is the latest mill to raise flat rolled steel prices. In a letter to customers on Wednesday, the Fontana, Calif.-based steelmaker said transaction prices for hot rolled, P&O, cold rolled and galvanized steels would increase by $40 per ton ($2/cwt) effective immediately. CSI’s move follows on similar announcements this week from Nucor, […]
California Steel Industries is the latest mill to raise flat rolled steel prices. In a letter to customers on Wednesday, the Fontana, Calif.-based steelmaker said transaction prices for hot rolled, P&O, cold rolled and galvanized steels would increase by $40 per ton ($2/cwt) effective immediately. CSI’s move follows on similar announcements this week from Nucor, […]
Over 800 executives are registered with just seven weeks to go before the start of the 2019 SMU Steel Summit Conference. We continue to see strong interest in this year’s event, which will be held in Atlanta, Ga., on Aug. 26-28. Once again, the Georgia International Convention Center will be the home of this, our […]
Over 800 executives are registered with just seven weeks to go before the start of the 2019 SMU Steel Summit Conference. We continue to see strong interest in this year’s event, which will be held in Atlanta, Ga., on Aug. 26-28. Once again, the Georgia International Convention Center will be the home of this, our […]
The U.S. Department of Commerce announced duties of up to 456 percent in three preliminary circumvention rulings today involving exports of steel products from Vietnam. The circumvention rulings cover certain steel products that are first produced in Korea and Taiwan, then shipped to Vietnam for minor processing, and finally exported to the United States as […]
By CRU Principal Analyst Josh Spoores Sheet prices in the U.S. have continued to fall with HR coil making a significant decline. For HR coil, CRU’s price assessment fell $34 /s.ton w/w to $505 /s.ton, the lowest price recorded since mid-November 2016. North America Our index is a volume-weighted average of actual transactions from last […]
More than 700 executives are registered with slightly more than two months to go before the start of the 2019 SMU Steel Summit Conference. We continue to see strong interest in this year’s event, which will be held in Atlanta, Ga., on Aug. 26-28. Once again, the Georgia International Convention Center (www.gicc.com) will be the […]
More than 700 executives are registered with slightly more than two months to go before the start of the 2019 SMU Steel Summit Conference. We continue to see strong interest in this year’s event, which will be held in Atlanta, Ga., on Aug. 26-28. Once again, the Georgia International Convention Center (www.gicc.com) will be the […]
Trade attorney and Steel Market Update contributor Lewis Leibowitz offers the following update on events in Washington: The Bureau of Industry and Security (BIS), the Commerce office handling the 232 steel tariff exclusion requests, recently denied requests from California Steel Industries (CSI), Allegheny Technologies, Inc. (ATI) and Novolipetsk Steel (NLMK). As users of semifinished steel, […]
Trade attorney and Steel Market Update contributor Lewis Leibowitz offers the following update on events in Washington: The Bureau of Industry and Security (BIS), the Commerce office handling the 232 steel tariff exclusion requests, recently denied requests from California Steel Industries (CSI), Allegheny Technologies, Inc. (ATI) and Novolipetsk Steel (NLMK). As users of semifinished steel, […]
After traveling for the past eight days and arriving back in Florida at 1 a.m. this morning, I am back in my office. I expect to be in the office for the next two weeks before traveling to Orlando to speak to the Air Distribution Institute. Registrations for the 2019 SMU Steel Summit Conference have […]
The Bureau of Industry and Security, a division of the Department of Commerce, announced today that is has denied the requests from California Steel Industries and Evraz Steel for exclusion of semi-finished steel slabs from the Section 232 tariffs. The BIS agreed with an analysis by the International Trade Administration that there is sufficient production, […]
The Bureau of Industry and Security, a division of the Department of Commerce, announced today that is has denied the requests from California Steel Industries and Evraz Steel for exclusion of semi-finished steel slabs from the Section 232 tariffs. The BIS agreed with an analysis by the International Trade Administration that there is sufficient production, […]
NLMK USA was not among the mills to learn earlier today that the Commerce Department had denied their requests for relief from the Section 232 tariffs on imported slabs. California Steel Industries and Evraz got the bad news. But NLMK USA President and CEO Robert Miller is still angry about it. “The administration, Commerce, BIS […]
The Bureau of Industry and Security today denied the exclusion exemptions for two mills: California Steel Industries and Evraz. At this point, we are expecting the NLMK USA and JSW USA exclusion requests to be denied as well. However, a trade attorney (not Lewis) suggested that we not move too fast with any proclamations. There […]
On Wednesday morning, Nucor announced a $40 per ton ($2.00/cwt) “minimum” price increase on flat rolled steel products. The mill advised their customers the increase was to be “effective immediately.” This is the second price increase announcement out of Nucor in less than 30 days. On Jan. 28, 2019, Nucor announced a $40 per ton […]
California Steel Industries (CSI) raised the price of its hot rolled, P&O, cold rolled and galvanized sheet products by $40 per ton ($2/cwt) today. CSI has opened its flat rolled order book for April shipments. CSI’s change follows on a similar $40 increase it announced on Jan. 21, just one month ago. All pricing is […]
Steel Market Update has confirmed that ArcelorMittal joined the other major mills in raising flat rolled steel prices this week. ArcelorMittal notified its commercial team that it is raising base prices a minimum of $40 per ton on all light flat rolled sheet products, effective immediately. The increase applies to all new and unacknowledged orders […]
Steel Market Update has confirmed that ArcelorMittal joined the other major mills in raising flat rolled steel prices this week. ArcelorMittal notified its commercial team that it is raising base prices a minimum of $40 per ton on all light flat rolled sheet products, effective immediately. The increase applies to all new and unacknowledged orders […]
Major domestic steelmakers have announced a $40 per ton ($2/cwt) hike in the price of hot rolled, cold rolled and galvanized steel products, fueling the debate over whether current market conditions can support an increase or if the latest announcement is bound to flop like the last one in October. West Coast mills California Steel […]
U.S. Steel is the latest mill to announce a price increase. Like Nucor, U.S. Steel notified its sales organization on Monday that its base pricing for all new flat rolled spot orders would increase by a minimum of $40 per net ton, effective immediately. U.S. Steel’s last price change on flat rolled was also a […]
U.S. Steel is the latest mill to announce a price increase. Like Nucor, U.S. Steel notified its sales organization on Monday that its base pricing for all new flat rolled spot orders would increase by a minimum of $40 per net ton, effective immediately. U.S. Steel’s last price change on flat rolled was also a […]
Following on last week’s announcement by West Coast mills, Nucor’s Sheet Mill Group today also announced a $40 per ton ($2/cwt) increase on hot rolled, cold rolled and galvanized steel products, effective immediately on new and unconfirmed orders. The price hike comes as no surprise as Nucor and other mills east of the Rockies were […]
Following on last week’s announcement by West Coast mills, Nucor’s Sheet Mill Group today also announced a $40 per ton ($2/cwt) increase on hot rolled, cold rolled and galvanized steel products, effective immediately on new and unconfirmed orders. The price hike comes as no surprise as Nucor and other mills east of the Rockies were […]
Steel Market Update sources disagree on whether ferrous scrap prices will see a small decline or move sideways in February. But the market remains unusual for this time of year when scrap prices normally increase as the mills restock ahead of new-year steel demand. Scrap prices surprised the market with a $30-40 per ton decrease […]
Steel Market Update asked: When do you expect flat rolled steel prices to reverse course and begin rising? Judging by the widely varied responses to this week’s market trends questionnaire, there is no clear consensus among steel buyers on when prices will turn around. A small group, about 6 percent, said they believe prices will […]