After communicating with one of our readers over the weekend, I realize it is important for our readers, and those who interact with our website, to understand what the SMU Price Momentum Indicator means. The SMU Price Momentum Indicator definition on our website clearly states that this is meant to be a visual showing where […]
Steel Market Update’s latest foreign vs. domestic hot rolled steel price comparison shows that foreign producers continue to hold a price advantage over domestic HRC. With U.S. HRC prices now over $1,000 per ton, foreign HRC prices are theoretically between $10-$171 per ton cheaper than domestic steel prices. Recall that the price differentials between domestic […]
Quality information is KEY…in steel and in life. I have been struggling on how to deal with what I saw yesterday at the U.S. Capitol. We cannot allow thugs to attack the workings of our democracy. At the same time, we should hold those who spread disinformation to the public accountable for the disservice they […]
Quality information is KEY…in steel and in life. I have been struggling on how to deal with what I saw Wednesday at the U.S. Capitol. We cannot allow thugs to attack the workings of our democracy. At the same time, we should hold those who spread disinformation to the public accountable for the disservice they […]
By CRU Senior Analyst Erik Hedborg from CRU’s Steelmaking Raw Materials Monitor Iron ore prices have risen at the start of 2021 on continued strong appetite in China, while we have seen new short-term disruptions in the supply chain. On Tuesday, Jan. 5, CRU assessed the 62% Fe fines price at $167 /dmt, up by […]
As we enter the New Year registrations are starting to accelerate for the 32nd annual Tampa Steel Conference which will be held virtually on February 2nd of this year. We currently have 150 registrations, and we expect 300-500 attendees once the conference opens. Here are the companies registered. Those with an asterisk (*) next to […]
As we enter the New Year, registrations are starting to accelerate for the 32nd annual Tampa Steel Conference to be held virtually on Feb. 2. We currently have close to 200 registrations, and we expect 400-500 attendees once the conference opens. Here are the companies registered. Those with an asterisk (*) next to their name means they […]
As we enter the New Year (goodbye 2020, welcome 2021), you will notice changes to Steel Market Update. One of the very first things you will notice is that our newsletters will have more relevant content in them. This is due to the addition of Michael Cowden who joins us after spending 13 years with […]
John Packard, President & CEO of Steel Market Update discusses changes being made at the company, events on the books for 2021, and the status of the flat rolled and plate steel markets – including steel price commentary: As we enter the New Year (goodbye 2020, welcome 2021), you will notice changes to Steel Market […]
The Tampa Steel Conference will be conducted virtually for the first time in its 32-year history. The 2021 conference will be held on Feb. 2 and will be an all-day event. We encourage everyone to register for what promises to be both an entertaining and timely event. Steel Market Update and Port Tampa Bay are pleased […]
The Tampa Steel Conference will be conducted virtually for the first time in its 32-year history. The 2021 conference will be held on Feb. 2 and will be an all-day event. We encourage everyone to register for what promises to be both an entertaining and timely event. Steel Market Update and Port Tampa Bay are pleased […]
Steel Market Update wants to make you aware of some of the events we have planned for early 2021 as well as the 2021 SMU Steel Summit Conference, which will be (fingers crossed) a live event at the end of August. Steel Hedging 101: Introduction to Managing Price Risk Dates: Jan. 26-27 (half day workshop […]
2021: A New Year and New Opportunities and Adventures The coming New Year is going to be one for the ages. This year (2020) has been one where our personal, political, and professional lives got mixed together as never before. I am ready for the mundane (politics), for the pandemic to end (personal), and to […]
By CRU Senior Cost Economist Ross Cunningham, from CRU’s Steelmaking Raw Materials Monitor Global CO2 emissions have been rising since the start of the industrial revolution. This has caused rising global temperatures and severe weather events such as wildfires, flooding and drought. In 2015 the United Nations framework convention on climate change put together the Paris […]
I received a call earlier today from one of our readers who is also a consultant to companies who purchase flat rolled steel. He mentioned to me that there is some confusion with companies who think our index is the same as CRU, since we are owned by CRU. That belief is ill-advised and flat […]
Tomorrow (Monday, Dec. 21) will be the winter solstice in the Northern Hemisphere, the shortest day of the year (darkest day of the year). With the pandemic raging, and the government breaking out two vaccines to treat COVID-19, the hope is that as the daylight gets longer the pandemic will begin to fade away. For […]
Steel Market Update’s latest foreign vs. domestic hot rolled steel price comparison shows that, with U.S. HRC prices nearing $1,000 per ton, foreign imports theoretically have become cheaper than domestic steel prices. U.S. producers have lost their price advantage over HRC imports from Far East Asia by over $100 per ton, and imports from Germany […]
By CRU Analyst Estelle Trans, from CRU’s Global Steel Trade Service U.S. buyers have been watching sheet steel prices skyrocket and found themselves weighing high-priced imports out of necessity. The steel market remains supply short, even with the restart of U.S. Steel Gary No. 4 this month, and market contacts expect that the market will […]
By CRU Principal Analyst Chris Asgill, from CRU’s Global Steel Trade Service Scrap prices have surged over the past month, with import prices up $50-90 /t m/m. Turkish prices have gained the most significant ground, though were below Asian prices a month ago. At the time of our assessment last week Turkish prices were approaching $400 /t […]
Steel Market Update is pleased to share the following Premium content with Executive members. For information on how to upgrade to a Premium-level subscription, email Info@SteelMarketUpdate.com. By CRU Principal Economist Alex Tuckett and Chief Economist Jumana Saleheen, from CRU’s Global Economic Outlook As the curtain falls on 2020, this overview looks back on the year […]
By CRU Principal Analyst Chris Asgill, from CRU’s Steelmaking Raw Materials Monitor Russia will impose tariffs of 5% ferrous scrap exports, with a minimum rate of €45 /t ($55 /t), for a period of six months. The country states that these are to protect the domestic metallurgical industry from supply shortages and high prices. As shown […]
By CRU Analyst Sam Grant It is now clear that Joe Biden will become the new president of the United States in January 2021, yet he will need control of the Senate to implement his economic policy agenda. As a result, the contest for two Senate seats in Georgia on Jan. 5 will be crucial. […]
Before we slide into the Christmas and New Year vacations, we want to make you aware of some of the events we have planned for early 2021 as well as our SMU Steel Summit Conference, which will be (fingers crossed) a live event at the end of August. Steel Hedging 101: Introduction to Managing Price […]
What to expect at the Tampa Steel Conference 2021 Virtual Conference Home About Speakers Agenda Register What to expect at the Virtual Event With the 32nd Tampa Steel Conference beingh held as a virtual event in 2021, many of you may have questions about the virtual platform and how it will work. If you attended the SMU Steel Summit this […]
Registration is in full swing for the 2021 Tampa Steel Conference, which will be held virtually on Feb. 2, 2021. Here are just a few of the companies already registered to attend (those with an asterisk * mean more than one person is registered for the event): All Metals*, ArcelorMittal Dofasco*, Bank of America Merrill […]
Let’s play “fun facts.” Last week Steel Market Update published our average hot rolled spot price as $885 per ton ($44.25/cwt). With the domestic steel mills asking $900-$960 per ton for new orders of spot (if they are offering at all, which is a separate issue all by itself) SMU expects HRC spot prices to […]
Let’s play “fun facts.” Last week Steel Market Update published our average hot rolled steel spot price as $885 per ton ($44.25/cwt). With the domestic steel mills asking $900-$960 per ton for new orders of spot (if they are offering at all, which is a separate issue all by itself) SMU expects HRC spot prices […]
Steel Market Update is working in partnership with Port Tampa Bay to conduct the 32nd annual Tampa Steel Conference which will be held virtually on Feb. 2, 2021. We will host the event on a platform similar to the one used for the SMU Steel Summit Conference in August. This platform provides unique networking opportunities for […]
Steel Market Update is working in partnership with Port Tampa Bay to conduct the 32nd annual Tampa Steel Conference which will be held virtually on Feb. 2, 2021. We will host the event on a platform similar to the one used for the SMU Steel Summit Conference in August. This platform provides unique networking opportunities for […]
Steel Market Update is working in partnership with Port Tampa Bay to conduct the 32nd annual Tampa Steel Conference which will be held virtually on Feb. 2, 2021. We will host the event on a platform similar to the one used for the SMU Steel Summit Conference in August. This platform provides unique networking opportunities for […]