Tag: Cold-Rolled Coil

U.S. Steel has resumed normal production of cold-rolled coil (CRC) at its Irvin Plant, part of the steelmaker’s Mon Valley Works in western Pennsylvania.

Steel is up again this week. Scrap is up by a lot this month: $85 per gross ton for busheling, by our calculations.

‘Twas two weeks before Christmas, and at our publication We kept logging steel price increases from across our fair nation.

Movements in lead times were mixed in SMU’s check of the market this week – a reflection of the seasonal dip in ordering that is typically seen during the winter holiday season.

Flat-rolled steel prices were in a holding pattern ahead of Thanksgiving.

The percentage of steel buyers saying mills were willing to negotiate spot pricing fell for hot rolled this week, while plate's negotiation rate shot up, according to SMU's most recent survey data.

U.S. Steel’s Mon Valley Works in western Pennsylvania has not resumed full production of cold-rolled coil (CRC) following an outage last month, a company spokeswoman confirmed.

ArcelorMittal joins U.S. Steel and Cleveland-Cliffs, pushing sheet prices higher, according to an internal commercial memo on Oct. 31.  

Sheet prices surged this week on limited spot tonnage and on the heels of steep price increases announced by domestic mills.

Sheet prices rose for a fourth consecutive week following a second wave of price hikes announced by domestic mills.

Sheet prices notched a third consecutive week of gains on limited supply and stable demand outside of automotive operations impacted by the UAW strike.

The mill negotiation rate for all products SMU looks at fell this week, with hot rolled dropping 13 percentage points, according to our most recent survey data.

Sheet prices moved upward for the second week in a row despite the ongoing UAW strike and concerns in some corners that momentum from a price hike last month might be fading, market participants said.

Sheet prices rose this week on the heels of a price increase announced by Cleveland-Cliffs last week that was quietly followed by other mills.

While lead times for sheet again had mixed movements this week, those for plate collapsed, according to SMU’s most recent market survey.

The overall steel mill negotiation rate remained level this week vs. two weeks earlier, but plate’s rate fell by 15 percentage points, according to SMU’s most recent survey data.

Hot-rolled coil prices were down again this week, continuing a streak of week-over-week (WoW) declines that began in early/mid-July.

The drop in imports continued for the second straight month, in line with license applications and falling lower year on year (YoY).

Sheet prices slipped again this week on news of the United Auto Workers (UAW) strike and continued caution among some consumers.

Steel mill lead times were basically flat again this week compared to our previous market check, with production times shrinking slightly for hot rolled and cold rolled, and extending for galvanized, Galvalume, and plate.

Sheet prices fell across the board ahead of what many market participants predict will be a strike by the United Auto Workers (UAW) later this week.

Sheet prices declined again this week amid persistent concerns about a potential strike at union-represented automakers.

Steel mill lead times were largely unchanged this week, with hot rolled extending slightly and plate falling back marginally.

Sheet prices have fallen this week, after a small pause last week when prices saw mixed results. Tags have now been largely trending lower since July.

Sheet prices were mixed this week after trending lower for most of July and earlier in August. SMU’s average hold-rolled coil (HRC) price slipped to $750 per ton.

Though steel prices continue to drop, more buyers are holding off on finalizing transactions.

Mill lead times for most sheet products this week were basically flat compared to SMU's market check two weeks ago. Those for plate shortened once again.

Sheet prices slipped again, continuing a trend of lower week-over-week tags that began in mid-July.

Sheet prices slipped for the third consecutive week on continued discounts from certain mills for larger buyers.

Hot-rolled coil (HRC) prices fell for a second consecutive week as mills appear to have given up holding the line on $900 per ton ($45 per cwt) and amid discounting into the high $700s per ton.