By CRU Prices Analyst George Pearson, from CRU’s Steel Sheet Products Monitor 21 Sheet prices in China and the Vietnamese import market paused this week as buyers slowed their pace of restocking. European prices continued to rise very sharply by historical standards, particularly for CR and HDG coil, for which the material shortage has become worse. In the USA prices are […]
By CRU Analysts Kevin Bai and Zhenzhen Jiang, from CRU’s Steel Sheet Products Monitor Policy aimed at reducing pollution in Tangshan, Hebei province, has started to restrict hot metal supply and lift steel prices in China. This Insight summarizes the policy, assesses the immediate impact of the measures and explores potential implications on China’s crude […]
By CRU Principal Analyst Josh Spoores, and Gregor Spilker, CME Group By early 2021 Q2, HRC prices in the U.S. Midwest market had tripled from the trough reached in August 2020. As prices rose from $437 /s.ton to a record high of over $1,300 /s.ton, CME Group’s U.S. Midwest HRC contract settled on CRU surged […]
By CRU Analyst George Pearson, from CRU’s Steel Monitor Chinese prices continued to buck the global trend this week as further government meetings about preventing higher steel prices being passed on to consumers were taken seriously by the market and trading activity reduced. Prices in Europe and the U.S. are still rising, with U.S. plate […]
By CRU Analyst George Pearson, from CRU’s Steel Sheet Products Monitor The seasonal slowdown in the physical Chinese sheet market is ongoing, with inventories rising and demand falling w/w. However, concerns about limited supply during the 100th anniversary of the Chinese Communist Party continue to boost the Chinese HR coil futures market. Prices are still edging […]
By CRU Analyst George Pearson from CRU’s Steel Sheet Products Monitor Sheet prices fell significantly in China and the Vietnamese import market in the last week and there were also smaller decreases in India. U.S. and European sheet prices continued to rise overall, although European trading activity was slower, and increases were smaller than we […]
Steel Market Update’s monthly analysis of Key Market Indicators–a host of data on the economy, raw materials, manufacturing, construction, and steel sheet and long products–shows that the marketplace continues to improve, albeit cautiously. At the onset of COVID-19 a year ago, the impact of the pandemic on the economy was delayed, with only 3 of […]
Editor’s note: Steel Market Update is pleased to share this Premium content–an edited version of our Key Market Indicators analysis–with Executive members. For information on how to upgrade to a Premium-level subscription, email Info@SteelMarketUpdate.com. Steel Market Update’s monthly analysis of Key Market Indicators–a host of data on the economy, raw materials, manufacturing, construction, and steel […]
Flat Rolled = 42.7 Shipping Days of Supply Plate = 46.6 Shipping Days of Supply Flat Rolled Flat rolled inventories at service centers edged up in February, largely because of lower shipments caused by harsh winter weather. Flat rolled inventories represented 42.7 shipping days of supply or 2.14 months of supply at the end of […]
By CRU Senior Analysts Ryan Smith and Ryan McKinley, from CRU’s Steelmaking Raw Materials Monitor 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. The need for virgin iron units in the U.S. market is rising as new electric-arc furnace (EAF) […]
AM/NS Calvert has a planned maintenance outage coming up, a company spokeswoman confirmed. The outage is expected to take place in May on the Alabama steel mill’s hot-strip mill, market participants said. The spokeswoman did not confirm when the outage would take place or on what part of the mill repairs or upgrades would be […]
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 […]
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 […]
U.S. Steel is expanding its advanced high-strength steel offering with the acquisition of the flat rolled sheet patents and trademarks of The NanoSteel Company, Inc. NanoSteel technology is used to produce the most formable high-strength steel currently available. The patented proprietary alloys, designed and developed by The NanoSteel Company, derive exceptional mechanical properties from their […]
Availability from domestic sheet mills is getting worse again after briefly improving last month, according to some market participants. The trend follows winter storms taking out production at electric-arc furnace (EAF) producers in the southern U.S. in February and ahead of a raft of upcoming maintenance outages in the second and third quarter, sources said. […]
Availability from domestic sheet mills is getting worse again after briefly improving last month, according to some market participants. The trend follows winter storms taking out production at electric-arc furnace (EAF) producers in the southern U.S. in February and ahead of a raft of upcoming maintenance outages in the second and third quarter, sources said. […]
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 […]
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 […]
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 […]
NLMK USA expects United Steelworkers (USW) union members at its steel mill in Farrell, Pa., to return to work on Monday, March 8, a company official said. The steelmaker plans to ramp up its hot mill in western Pennsylvania in March. April will see downstream facilities resume normal operating rates, NLMK USA Executive Vice President […]
NLMK USA expects United Steelworkers (USW) union members at its steel mill in Farrell, Pa., to return to work on Monday, March 8, a company official said. The steelmaker plans to ramp up its hot mill in western Pennsylvania in March. April will see downstream facilities resume normal operating rates, NLMK USA Executive Vice President […]
United Steelworkers (USW) union members have voted to ratify a new labor contract with NLMK USA, ending a strike that began more than six months ago. There were 276 votes cast in favor of the new four-year contract and 103 against it, USW District 10 Staff Representative Todd Clary told Steel Market Update on Monday, March […]
United Steelworkers (USW) union members have voted to ratify a new labor contract with NLMK USA, ending a strike that began more than six months ago. There were 276 votes cast in favor of the new four-year contract and 103 against it, USW District 10 Staff Representative Todd Clary told Steel Market Update on Monday, March […]
SMU contributor Bryan Tice is a partner at Metal Edge Partners, a firm engaged in risk management and strategic advisory. In this role, he and the firm design and execute risk management strategies for clients along with providing process and analytical support. Prior to Metal Edge Partners, Bryan held a variety of commercial leadership roles […]