Led by the Detroit scrap buyers, ferrous scrap traded sideways in most markets that had been concluded by the end of the day on Friday. Shredded scrap prices in the Detroit area were unchanged at $330-$345 per gross ton, while prime grades continue to trade at $370-$380 per gross ton. There were few if any […]
The flat rolled and plate steel mills were busy this week announcing new rounds of price increases. Steel buyers who spoke with Steel Market Update today reported offer prices as being much higher than their most recent transaction pricing. For that reason, we have included a note about what was being reported as the latest […]
Responding to strong demand in the New Year and the market’s apparent acceptance of higher price tags, the major mills have announced another round of price increases on plate and flat rolled products. For most mills, this is the fourth increase they’ve announced in the past three months. On Monday, Nucor’s Plate Mill Group announced […]
Nucor’s Plate Mill Group announced a $50 per ton price increase today, Jan. 29, on all new orders for carbon, alloy and heat-treated plate, effective immediately on all unconfirmed orders. This latest increase follows three earlier announcements by Nucor ranging from $30 to $50 per ton on plate since mid-November. {loadposition reserved_message}
SSAB Americas notified customers today, Jan. 29, that it is increasing transaction prices on steel plate products by a minimum of $50 per ton, effective immediately on all new noncontract orders. The increase will apply to As-Rolled Mill Plate, Cut-To-Length Plate >72”, Hot Rolled Coils >72”, as well as Normalized and Quenched & Tempered Plate. […]
On Wednesday and Thursday of this past week a sold-out group of attendees and six Steel Market Update instructors, one event coordinator and a potential future instructor traveled to Mobile, Alabama to participate in the first Steel 101 workshop of 2018. The workshop was a success aided by the generosity of the SSAB plate mill […]
Flat rolled steel prices and those of plate fluctuated in both directions this past week depending on the steel index viewed. Benchmark hot rolled prices were up across all three of the indexes followed by Steel Market Update. SMU was the highest at $705 per ton ($35.25/cwt) with Platts ($700) and SteelBenchmarker ($668) following close […]
SSAB North America achieved higher market share in 2017. SSAB’s share of the North American steel slab market was estimated at 30 percent for the year. Full-year earnings and shipments increased compared to 2016. Sales for the full year were SEK 12.7 billion ($1.6 billion) and shipments 1,971,000 metric tons (2.17 million short tons). Fourth-quarter […]
On Wednesday and Thursday of this past week, a sold-out group of attendees and six Steel Market Update instructors, one event coordinator and a potential future instructor traveled to Mobile, Ala., to participate in the first Steel 101 workshop of 2018. The workshop was a success, aided by the generosity of the SSAB plate mill […]
Flat rolled and plate steel prices moved higher last week, based on the steel indexes followed by Steel Market Update. Benchmark hot rolled is quickly approaching $700 per ton (average) with SMU having the highest pricing while Platts, which was at $695.75 on Friday morning, dropped to $694 ($693.50) when we checked again over the […]
Service center shipments in December were stronger than the seasonal norm, according to Steel Market Update’s latest analysis of Metals Service Center Institute data. Daily shipments in December were 11.8 percent lower than in November. On average since 2009, December shipments have decreased by 13.1 percent; therefore, these latest numbers were seasonally better than the […]
Premium subscribers to Steel Market Update receive reports on imports with macro data broken down by product at the national level. SMU also provides reports that detail the import tonnage received by district of entry and source nation, available here on our website. This new report from SMU takes the analysis even further. Using U.S. […]
U.S. service centers shipped 38.779 million tons of steel products in 2017, an increase of 3.8 percent compared with full-year 2016, according to the Metals Service Center Institute’s December Metals Activity Report. Shipments of carbon flat roll and plate saw single-digit increases over the prior year, while shipments of pipe and tube products saw a […]
Steel shipments by Canadian service centers in December totaled 280,100 net tons, down 29.8 percent from the previous month, and down 3.4 percent from December 2016, reports the Metals Service Center Institute (MSCI). On a daily basis, total shipments were 14,700 tons per day in December (a 20-day month), down from 19,000 tons per day […]
The U.S. Department of Commerce released import license data earlier today, which indicates that January steel imports are trending slightly higher than December’s 2,475,249 tons. Right now, based on the first 16 days of data, January is trending toward a 2.5 million to 2.7 million net ton month. Semi-finished imports (slabs/billets), which are purchased by […]
The January import licenses are catching what one domestic mill callls, “Taiwanese January onslaught on Galvalume” as it trends toward 100,000+ net tons for the month (from less than 40,000 tons in December). This is what the mill had to say about pricing in general: “We keep moving our HR and CR up. Coated is […]
Over the past six months, Steel Market Update has been canvassing flat rolled steel service centers as we try to better understand the number of months of supply being held as of the end of each month. Steel distributors now hold three months (3.03 month’s supply) based on the responses we have received from our […]
Steel plate prices are rising as demand tightens and lead times lengthen. On Thursday of this past week, Steel Market Update published an article containing comments from steel buyers in both flat rolled and plate steel products. One comment sparked a discussion between one of the domestic steel mills and SMU (and indirectly with the […]
Flat rolled steel prices moved higher this past week, according to the steel price indexes followed by Steel Market Update. It’s a combination of moving into the New Year and getting the holidays behind us, stronger demand on many products and the steel mills moving to collect some, if not all, of the recent flat […]
As expected, Wilbur Ross and the U.S. Department of Commerce submitted the Section 232 report on steel on Thursday evening. The much-anticipated report, originally “due” back in June 2017 (at President Trump’s request), beat the technical timeline by a couple of days. The White House did not release the recommendations reported and does not have […]
Imports of rolled steel into the United States have been on the decline since peaking in July, based on a three-month moving average of government import data through the end of 2017. In three months through December compared to three months through September, total rolled steel imports declined by 16.8 percent, while sheet products dropped […]
In Q1 2018, long product imports increased by 9.5 percent compared to Q4 2017. Total long product imports were down by 150,000 tons per month year over year on a three-month moving average (3MMA) basis, but there was a turn for the worse in the first quarter, according to Steel Market Update’s analysis of federal […]
In Q1 2018, tubular product imports increased by 3.8 percent compared to Q4 2017. Total rolled steel imports increased by 3.6 percent, and tubular products by 3.8 percent, in the three months through March compared to three months through December 2017, but on a year-over-year basis tubulars were up by 20.2 percent, according to Steel […]
This analysis breaks down the imported tonnage of six flat rolled products into the district of entry and the source country. We believe that misinformation (or lack of) about regional import volumes is often used to influence purchase decisions. Our intent with this analysis is to describe in detail what is going on in a […]
As we collected hot rolled, cold rolled, galvanized, Galvalume and plate prices earlier this week, we asked a number of questions trying to get reactions from the steel buyers. We asked how high steel prices could go (using hot rolled as the benchmark) and what were the key drivers affecting prices right now. Here are […]
A handful of carbon steel plate mills have followed Nucor’s lead and announced price increases of $50 per ton today, effective immediately on all new or unconfirmed orders. All extras will remain unchanged. Evraz North America increased transactional prices on all carbon, HSLA, Hot Rolled Coil, Normalized, and all Quenched & Tempered products including Armor […]
A handful of carbon steel plate mills have followed Nucor’s lead and announced price increases of $50 per ton today, effective immediately on all new or unconfirmed orders. All extras will remain unchanged. Evraz North America increased transactional prices on all carbon, HSLA, Hot Rolled Coil, Normalized, and all Quenched & Tempered products including Armor […]
The January buy period saw ferrous scrap prices move significantly higher, lending support to recent mill price increases. While February is historically a down month for scrap, sources predict that February prices will be as high or even higher than January’s. January ferrous markets ended higher by $30 per gross ton for obsolete grades and […]
We have had companies contact us already regarding when registration will open for the 2018 SMU Steel Summit Conference. We will be working on the Steel Summit section of the website tomorrow (Wednesday) with the hope to open up registration for the Aug. 27-29, 2018, event on Friday of this week. We will also open […]
The Nucor Plate Group has increased transaction prices on all new orders for carbon, alloy and heat-treated plate by $50 per ton, effective immediately on any new or unconfirmed orders. Nucor’s Jan. 5 price hike follows on a $50 per ton increase announced Dec. 6 and a $40 per ton increase announced Nov. 15 on […]