This report examines the import share of sheet, plate, long and tubular products. As of January, imports’ share of total sheet products was 12.8%, up marginally from 12.3% in December. Although minimal, imports of sheet products have posted increases for two consecutive months after declining for seven consecutive months following the most recent peak of 16.6% […]
Steel Market Update is pleased to share this Premium content with Executive members. For information on upgrading to a Premium-level subscription, email Info@SteelMarketUpdate.com. Mill shipments of steel products rose 6.9% month on month in January, while apparent supply was up by nearly 13.5% during the same period. Despite the continued growth month over month since […]
Steel prices simply continue to move higher—as do the anxiety levels of many service center and manufacturing executives. Hot rolled steel set yet another record this week, according to Steel Market Update’s check of the market, reaching an average of $1,270 per ton, topping the previous high mark set in 2008 by $200 per ton. […]
Steel prices simply continue to move higher—as do the anxiety levels of many service center and manufacturing executives. Hot rolled steel set yet another record this week, according to Steel Market Update’s check of the market, reaching an average of $1,270 per ton, topping the previous high mark set in 2008 by $200 per ton. […]
After declining 8% in December, U.S. steel exports recovered by 9% in January to 671,000 tons, according to recent U.S. Department of Commerce data. Of our six monitored product groups, the largest month-to-month increase went to cut-length plate products, up 17%. Galvanized exports increased 15% over December, and exports of coiled plates increased 13%. On […]
Nucor today announced board approval to build a tube mill in the Midwestern U.S. The $164 million project will be completed within two years and will capitalize on Nucor’s recent Midwest investments that include a plate mill, galvanizing line and hot roll expansion. A specific location for the new plant was not provided, but sources expect […]
Plate from South Korean steelmaker Hyundai is being offered for $980-1,020 per ton ($49-51/cwt) for third-quarter delivery to U.S. ports, according to market participants. The lower end of that range is representative of the delivered duty paid (DDP) price to Gulf Coast ports. The higher end of the range is for delivery to West Coast […]
Allegheny Technologies Inc. (ATI) is converting slabs for two domestic mills and one Brazilian steelmaker, according to market participants. ATI is re-rolling slabs for Brazilian steelmaker Companhia Siderúrgica Nacional (CSN) as well as for U.S. steelmakers JSW Steel USA and NLMK USA, sources told Steel Market Update. The issue is relevant because the United Steelworkers […]
The U.S Department of Commerce has decided to continue antidumping duties on cut-to-length plate imported from China, Russia and Ukraine as part of the “sunset review” process. China will remain subject to dumping margins of up to 128.59%, Russia to dumping margins of as much as 185% and Ukraine to margins of up to 237.91%, […]
Last week, we conducted one of our flat rolled and plate steel market trends analyses. Or, to put it another way (that the search engines don’t like), we conducted one of our surveys that we do ever other week. We invited over 500+ market participants, most of whom are steel buyers in the manufacturing and […]
January U.S. steel imports surpassed 2.42 million tons, according to final Census data released last week, up 62% from December due to the quarterly surge in semifinished product imports. Focusing on finished steel imports only, January figures are down from December by 7%. February import licenses are currently at 2.02 million tons through March 5 […]
Altos Hornos de México (AMSA) has resumed normal operations at its No. 5 blast furnace following a temporary outage last month, a company spokesman said. The No. 5 furnace had to stop for two days because of severe weather and a natural gas shortage. The Mexican flat-rolled steelmaker last month said that it had lost […]
Altos Hornos de México (AMSA) has resumed normal operations at its No. 5 blast furnace following a temporary outage last month, a company spokesman said. The No. 5 furnace had to stop for two days because of severe weather and a natural gas shortage. The Mexican flat-rolled steelmaker last month said that it had lost […]
Algoma Steel Inc. aims to raise sheet and plate prices by $40 per ton ($2/cwt) effectively immediately for new spot orders. The price hike applies equally to hot-rolled coil, cold-rolled coil, as-rolled plate and heat-treated plate, the Canadian flat-rolled steelmaker said in letters to customers on Friday, March 5. Published extras will also be applied to […]
JSW Steel USA will resume melting and slab casting at its electric-arc furnace (EAF) sheet mill in Mingo Junction, Ohio, the week of March 7, the company’s top executive said. The steelmaker has also decided to begin the process of restarting its pipe mill in Baytown, Texas, JSW Steel USA CEO Mark Bush told Steel Market […]
Last week, we conducted one of our flat rolled and plate steel market trends analyses. Or, to put it another way (that the search engines don’t like), we conducted one of our surveys that we do ever other week. We invited over 500+ market participants, most of whom are steel buyers in the manufacturing and […]
Registrations for the 2021 SMU Steel Summit Conference have topped 200 and counting. We continue to work toward having a live in-person conference in Atlanta on Aug. 23-25. We are heartened to hear President Biden speak to having enough vaccine to inoculate the entire U.S. population by the end of May. If true, that gives […]
Registrations for the 2021 SMU Steel Summit Conference have topped 200 and counting. We continue to work toward having a live in-person conference in Atlanta on Aug. 23-25. We are heartened to hear President Biden speak to having enough vaccine to inoculate the entire U.S. population by the end of May. If true, that gives […]
Flat-rolled steel imports to the United States rebounded in February, weighing in at their highest monthly total in more than a year. Hot-rolled imports, meanwhile, hit their highest point in more than two years, according to Commerce Department figures. And the trend is only just getting started, according to some market participants. The U.S. was […]
You Can’t See the Forest for the Trees Mill lead times have surged over the past couple of weeks, which I believe is a result of Snowmageddon in Texas and other areas of the Southeast. When you look at our lead time graphics, you need to remember we are gathering data from our flat rolled […]
Steel prices took another bite out of the record books in March. The advent of March shows flat rolled and plate steel prices are still roaring upwards, with hot rolled hitting another record high of $1,240 per net ton, according to Steel Market Update’s check of the market this week. Prices generally moved up in […]
SSAB Americas raised some eyebrows in the steel market when it officially announced a “scrap collar” along with an $80-per-ton ($4/cwt) plate price increase earlier this week. The move, while not unheard of in the steel market, is not necessarily typical for standard spot market plate orders, some buyer sources said. An SSAB Americas spokeswoman […]
SSAB Americas raised some eyebrows in the steel market when it officially announced a “scrap collar” along with an $80-per-ton ($4/cwt) plate price increase earlier this week. The move, while not unheard of in the steel market, is not necessarily typical for standard spot market plate orders, some buyer sources said. An SSAB Americas spokeswoman […]
Tomorrow (Wednesday), we will host one of our SMU Community Chat Webinars with Rick Preckel of Preston Pipe and Michael Cowden of SMU. The two will discuss the energy segment and how higher oil prices will impact oil well drilling, use of line pipe and other OCTG products, and how quickly we may see demand […]
John Packard founded Steel Market Update in 2008 after spending 31 years actively selling steel in the service center, steel mill and trading company segments of the industry. He is currently President & CEO of Steel Market Update which was sold to CRU in 2018. Steel Market Update is a leader in collection of market […]
SSAB has increased plate prices by $80 per ton ($4/cwt) for U.S. customers and C$100 per ton for customers in Canada. The price hike is effective immediately and applies to all new non-contract orders of as-rolled mill plate, cut-to-length plate more than 72 inches wide, hot rolled coils more than 72 inches wide, normalized plate […]
There has been much said about the squeeze on supply of flat rolled and not as much about demand. Demand has been quite good in all sectors except the energy sector, which has been struggling for a couple of years due to prices that went below $40 per barrel. Now we are seeing warning signs […]
JSW Steel USA resumed operations at its Baytown, Texas, plate and pipe mill on Feb. 25–earlier than expected, the company’s top executive said. And the steelmaker remains on track to begin melting at its electric-arc furnace (EAF) sheet mill in Mingo Junction, Ohio, in March, JSW Steel USA CEO Mark Bush told Steel Market Update. “We […]
JSW Steel USA resumed operations at its Baytown, Texas, plate and pipe mill on Feb. 25–earlier than expected, the company’s top executive said. And the steelmaker remains on track to begin melting at its electric-arc furnace (EAF) sheet mill in Mingo Junction, Ohio, in March, JSW Steel USA CEO Mark Bush told Steel Market Update. “We […]
Evraz North America has followed Nucor in increasing plate prices by at least $70 per ton ($3.50/cwt). The steelmaker said that the increase–$90 CAD for customers north of the border–was effective immediately and that it applied equally to all carbon, high-strength low-alloy, hot-rolled coil, normalized, and quenched-and-tempered products, according to letters to customers on Feb. […]