This report compares domestic mill shipments and total supply to the market. It quantifies market direction by product and enables a side by side comparison showing the degree to which imports have absorbed demand. Sources are the American Iron and Steel Institute and the Department of Commerce with analysis by SMU. Table 1 shows both […]
This report compares domestic mill shipments and total supply to the market to enable a side by side comparison and the degree to which imports have absorbed demand. Sources are the American Iron and Steel Institute and the Department of Commerce with analysis by SMU. Table 1 shows both supply and mill shipments of sheet […]
The piece below was published to our Premium level members earlier this week, but we would like to share it with our Executive level members as an example of what our Premium members have access to. This report goes into much more depth than our Apparent Steel Supply article published last Thursday. If you are […]
This report compares domestic mill shipments and total supply to the market to enable a side by side comparison and the degree to which imports have absorbed demand. Sources are the American Iron and Steel Institute and the Department of Commerce with analysis by SMU. Table 1 shows both supply and mill shipments of sheet […]
Nucor Corp. announced net earnings of $67.8 million. Consolidated net sales decreased 14 percent year over year to $4.4 billion in the first quarter 2015. Earnings were down 12 percent compared to fourth quarter 2014. Total tons shipped to outside customers were 5.6 million tons, down 7 percent from Q4 and 9 percent from Q1 […]
The following article is was provided to our Premium customers on Friday afternoon, and we felt it would be a good article to share with our Executive members as an example of what a Premium level membership has to offer. We also published Imports by Product, Port, and Country and our Market Survey Results to […]
This report compares domestic mill shipments and total supply to the market to enable a side by side comparison and the degree to which imports have absorbed demand. Sources are the American Iron and Steel Institute and the Department of Commerce with analysis by SMU. Table 1 shows both supply and mill shipments of sheet […]
The following article is usually available to our Premium level members only. This report compares domestic mill shipments and total supply to the market in one single report to enable a side by side comparison and the degree to which imports have absorbed demand. Sources are the American Iron and Steel Institute and the Department […]
Last month we began to report on domestic mill shipments and total supply to the market in one single report to be able to compare side by side demand and the degree to which imports have absorbed that demand. Sources are the American Iron and Steel Institute and the Department of Commerce with analysis by […]
In previous months we have reported on steel mill shipments and total supply to the market separately in alternate months with reference to imports which account for most of the difference. In future we will report on shipments and supply in one single report to measure the degree to which imports have absorbed the increased […]
The following article is by Peter Wright for our Premium level members. We decided to share the article with all of our readers this evening as a way of providing an example of Premium level content and analysis to our Executive readers. Following the post-recession recovery, shipments of hot band from US mills to domestic […]
The supply of sheet products had strong positive growth in the 3 months period August through October year over year being up by 12.4 percent and led by hot band which was up by 16.1 percent (Table 1). The sources of this analysis are the Commerce Department trade statistics and AISI steel shipment data. These […]
Apparent supply, a proxy for market demand is defined as domestic mill shipments to domestic locations plus imports. Sources are the American Iron and Steel Institute and the US Department of Commerce with analysis by SMU. The three month moving average (3MMA) of the total tonnage of sheet and strip supply in the period July […]
Following the post-recession recovery, shipments of hot rolled steel from US mills to domestic locations have been trending in a range for three years. Shipments of hot dipped galvanized sheet and strip declined strongly in Q2 through Q4 2012 and have climbed slightly in 2014. Cold rolled shipments have shown little direction for almost two […]
Apparent supply is defined as domestic mill shipments to domestic locations plus imports. Sources are the American Iron and Steel Institute and the Department of Commerce with analysis by SMU. The three month moving average (3MMA) of the total tonnage of sheet and strip supply in the period May through July was 4,942,917 tons, up […]
The supply of sheet products had strong positive growth in the 3 months period May – July year over year (y/y) led by cold rolled which was up by 19.4 percent, (Table 1). In total on this basis sheet products were up by 14.8 percent. The sources of this analysis are the Commerce Department trade […]
In the week of August 2nd the four week moving average (4WMA) of raw steel production as reported by the AISI exceeded 1,900,000 tons per week, for the first time since June 16th 2012, (Figure 1). However, capacity utilization at 79.2 percent (4WMA) is still nowhere near where it was before the recession. Capacity is […]
Total shipments of sheet and strip products including hot rolled, cold rolled and all coated products were down by 0.6 percent year to date (YTD) compared to the first half of 2013. In the second quarter of 2014 compared to the first quarter, the total tonnage was down by 0.7 percent and comparing Q2 2014 […]
Apparent steel supply is defined as domestic mill shipments to domestic locations plus imports. Sources are the American Iron and Steel Institute and the Department of Commerce. The three month moving average of the total tonnage of sheet and strip supply in the period March through May was 4,603,548 tons, up by 11.5 percent from […]
Last week, while we were in New York City for various steel conferences, the Metal Service Center Institute (MSCI) published steel inventory and steel shipment data for the month of May. Based on this information and a special analysis of the data by Steel Market Update we produce our SMU Apparent Excess or Deficit of […]
An explanation of the Key Indicators concept is given at the end of this piece for those readers who are unfamiliar with it. The total number of indicators considered at present is thirty five, the Chicago Fed Mid-West Manufacturing Index is still on hold to enable the staff to complete a major re-vamp of the […]
Apparent supply is defined as domestic mill shipments to domestic locations plus imports. Sources are the American Iron and Steel Institute and the Department of Commerce. The three month moving average of the total tonnage of sheet and strip supply in the 1st quarter was 4,603,548 tons, up from 4,426,649 tons per month in Q4 […]
One of the products which is provided to our Premium Level members only is our Key Market Indicators. Our KMI analysis is showing an improving (more positives than negatives) situation, especially in the flat rolled steel markets. An explanation of the Key Indicators concept is given at the end of this piece for those readers […]
An explanation of the Key Indicators concept is given at the end of this piece for those readers who are unfamiliar with it. The total number of indicators considered at present is thirty five, a decrease of one as the Chicago Fed Mid-West Manufacturing Index has been put on hold until late April to enable […]
Total service center carbon steel shipments in February declined by 225,000 tons but this was because shipping days declined by two to twenty. Tons per day (t / d) shipments rose from 158,500 tons in January to 161,600 in February. Intake was 162,820 t / d leading to a monthly surplus of 24,400 tons and […]
Apparent supply is defined as domestic mill shipments to domestic locations plus imports. The three month moving average of the total tonnage of sheet and strip supply was 4,383,635 tons per month in the period November through January. This was down by 3.8 percent from the August through October period and up by 0.2 percent […]
An explanation of the Key Indicators concept is given at the end of this piece for those readers who are unfamiliar with it. The total number of indicators considered at present is thirty-six. Please refer to Table 1 for the view of the present situation and the quantitative measure of trends. The present situation of […]
Total service center carbon steel shipments jumped by 662,100 tons in January which was a smaller start-of-year bounce than either 2012 or 2013. January tons per day shipments increased by 24,000 to 158,500 tons. In January 2012 and 2013, tons per day shipments increased by 35,000 and 38,000 tons, respectively. Intake was 167,100 tons, leading […]
An explanation of the Key Indicators concept is given at the end of this piece for those readers who are unfamiliar with it. The total number of indicators considered by Steel Market Update at present is thirty six. The present situation of twelve of the indicators based on historical standards was positive on January 28th […]
Apparent supply is defined as domestic mill shipments to domestic locations plus imports. Sources are the American Iron and Steel Institute and the Department of Commerce. The three month moving average of the total tonnage of sheet and strip supply was 4,436,772 tons per month in the period September through November. This was up by […]