Written by: Sandy Williams Iron Ore slid this week to its lowest level since mid-December. As of March 15, ore price at Tianjin Port reported by The Steel Index was $134.6 /dry tonne (Fe62%)—a drop of 8 percent in one week. Coking coal fell as well, dropping to $161 a tonne on March 14 from […]
The U.S. Department of Commerce released ferrous scrap export data a little earlier this week. Total exports of scrap in January 2013 were 1,532,498 metric tons (1,689,288 net tons) to all countries. This is a little less than December shipments but above the January 2012 total. Below is a chart of the top 10 countries […]
Written by: Peter Wright Rolled steel exports in January increased 11.6 percent from December but were down by 193,000 tons from January 2012. The table below summarizes export steel trade by product with trend comparisons. Percentage changes are all on a three month moving average basis to reduce the noise in the data. Total exports […]
Domestic mill shipments declined in January 2013 compared to the same month one year earlier. Shipments fell by 3.38 percent. Imports also declined in January 2013 versus January 2012 by 7 percent, led by a 22 percent drop in semi-finished (slabs, billets). Exports during the month of January were 14.64 percent lower than last year. […]
Written by: Peter Wright Sheet steel shipments in January were 4,343,000 tons, an increase of 322,000 tons over December’s volume. These figures are shipments to domestic locations plus exports based on the AISI AIS10 and Commerce Department trade reports. The following table breaks the total down into individual products and measures the growth and contraction […]
Written by: Damon Sun, Daido International The Far East and Asian markets are in a definite flux versus the USA market. I will preface my explanation with, the ferrous scrap markets in Asia increased in February first while the USA scrap markets were down in February. With that in mind, the scrap markets in North […]
Written by: Sandy Williams The JP Morgan Global Manufacturing PMI slipped to 50.8 from 51.4 in January indicating a slowing in manufacturing. Global manufacturing output rose for the fourth month in a row with the U.S. leading the upward momentum. India, Mexico and Brazil also saw acceleration in production. China showed slowing in February while […]
Apparent steel supply for the month of December 2012 came in at 8,317,920 net tons. This represents a decrease of almost 2 percent compared to the previous December. We found imports rose by 19 percent (semi-finished – which are brought in by the domestic mills – rose by 39 percent) while exports dropped by 19 […]
Falls Church, VA, February 12, 2013 – Steel exports continued to fall in December, declining another 2.9 percent compared to November after declining nearly 16 percent in November compared to October, according to government data. “Steel exports softened at the end of 2012 due to economic uncertainty in many international markets, very much mirroring the […]
Written by: Sandy Williams The JPMorgan Global Manufacturing PMI was at a ten month high in January—rising three months in a row and posting at 51.5. Growth was led by the U.S. and Mexico, with China also showing its highest output in two years. Emerging markets did well but Europe and Japan dominated the lower […]
Written by: Sandy Williams The New Year began with promise for U.S. manufacturers. The ISM Manufacturing PMI registered 53.1 percent in January signaling expansion in the manufacturing sector for the second consecutive month and increasing 2.9 percent from December’s seasonally adjusted rate of 50.2. The overall economy rose for the 44th consecutive month according to […]
Written by: Sandy Williams The American Iron and Steel Institute commended Ambassador Ron Kirk for his cooperation with the steel industry during his four years of tenure in the Administration. AISI President and CEO Tom Gibson issued the following statement. “Ambassador Kirk is a dedicated public servant who helped lead U.S. trade policy at a […]
November apparent steel supply grew by 8 percent year-over-year to 8,468,720 tons. Imports were up by 28 percent (semi-finished being a major piece up 41.57 percent) while exports shrunk by almost 19 percent to just under 1,000,000 tons (998,040 tons). The United States increased its imbalance as a net importer (YOY) has grown apparent steel […]
Exports at lowest levels since February 2011
Written by: Sandy Williams Iron ore prices are at a 15 month high but are unlikely to stay that way say analysts. Currently, 62% Fe ore is at $158 per tonne, soaring from November’s price of $116 and almost doubling from the low of $87 per tonne in September. Analysts say the increase is a […]
Written by: Sandy Williams Schnitzer Steel, one of the largest U.S. manufacturer and exporter of recycled ferrous materials, reported adjusted operating income of $3 million for the first quarter of 2013, a drop of 81 percent from $15 million reported in first quarter 2011. The adjustment reflected a $2 million pre-tax restructuring charge associated with […]
Written by: Sandy Williams The JP Morgan Global Manufacturing PMI rating increased to 50.2 in December from 49.6 last month according to data released in a composite index produced by JPMorgan and Markit in association with ISM and IFPSM. It is the first time the index has been above the neutral mark of 50.0 since […]
The Institute for Supply Management increased its manufacturing purchasing managers’ index to 50.7 in December from 49.5 in November. A rating above 50 indicates an expansion in activity. The ISM uptick comes in tandem with Markit data, also released on Wednesday, that put the Markit US PMI rating at 54.0 in December—a jump from 52.8 […]
Of the 33,512,516 net tons of total imports projected by Steel Market Update to be received into the United States during calendar year 2012 some 7,584,955 net tons are forecast to be semi-finished. Semi-finished products include slabs, billets and blooms – however, the vast majority of them are slabs being imported by the domestic steel […]