The U.S. Department of Commerce released final census data for the month of December and found that total steel imports were down 9 percent when compared to the previous month. Major drops were reported in hot dipped galvanized (HDG) which fell by 30 percent compared to November, cold rolled which dropped by 17 percent and […]
Written by: Sandy Williams ThyssenKrupp AG seems to make steel industry headlines almost every day, only most of the news is bad news. Dr. Heinrich Hiesinger, Chairman of the Executive Board summed things up pretty well in his opening remarks at the December press conference. The facts are as follows: Our company has been pilloried […]
Dear Editor, Once again, both Nucor and US Steel in their quarterly earnings calls partially blamed imports for their less than stellar results, and frankly, this is getting old. For the record, it is NOT illegal to import steel into the United States. It might be illegal if those imports were dumped (meaning sold below […]
Steel Market Update (SMU) participates in a monthly conference call with HARDI wholesalers who sell galvanized sheet and coil into the HVAC mechanical contractors and related industries for residential and commercial construction applications. The purpose of the call is to discuss steel trends which may impact their regional businesses – this includes domestic mill and […]
Written by: Sandy Williams At least eight new steel plants are under construction in Asia (not including India) that will increase the annual output capacity of steel in Asia by 100 million tonnes within the next few years. Currently China accounts for nearly 50 percent of global steel demand with its own annual output capacity […]
Written by: Sandy Williams Natural gas is providing cost savings for steel plants while at the same time creating more demand for steel products used in pipelines, drilling equipment and rigs. It is a win-win situation for the steel and the natural gas industries One of the ways natural gas is utilized by the steel […]
Written by: Sandy Williams Steel prices and buyers risks were discussed by John Anton, Director of IHS Steel Service, on Wednesday in the 2013 Steel Buyers Guide a webinar presentation by IHS Global Insight. Anton says right now it is a buyer’s market and there are significant savings to be had for those willing to […]