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Important points from recent company investor calls, including Rio Tinto, BlueScope Steel, Usiminas, BHP Billiton, Vallourec and TMS International include: …more
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Despite iron ore prices hitting multi-year highs, just-settled February scrap prices declined $10/ton for prime and $9/ton for obsolete, according to data from AMM…more
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HRC lead times fell for the week ending January 13 to 3.5 from 3.6 last week.
CRC Lead times came in at 6 weeks – up from 5.6 in the week prior, while HDG was flat with last week at 5.8 weeks.
Sources: The Steel Index, Steel Business Briefing
HRC = Hot Rolled Coil CRC = Cold Rolled Coil HDG = Hot Dipped GalvanizedHRC lead times dropped for the week ending December 16 to 4.2 from 3.7 last week.
HDG and CRC lead times also rose – with HDG coming in at 6.4 weeks from a 5-week low of 5.9 in the week prior and CRC rising to 5.8 from a 6-week low of 6.4.
Sources: The Steel Index, Steel Business Briefing
HRC = Hot Rolled Coil CRC = Cold Rolled Coil HDG = Hot Dipped GalvanizedNew Report Preview:
Reflecting the weakened economy and lingering impact of Sandy, MSCI November shipments declined 3.4% from October. The good news is…more.
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HRC lead times for the week ending November 25 rose to 3.5 from last week’s 3.0.
CRC lead times also rose – coming in at an 11-week high of 6.4 weeks from 6.1 in the week prior. HDG lead times posted the lone decrease, falling to 6.3 from last week’s 3-month high of 6.5.
Sources: The Steel Index, Steel Business Briefing
HRC = Hot Rolled Coil CRC = Cold Rolled Coil HDG = Hot Dipped GalvanizedHRC lead times for the week ending November 4 jumped to 3.7 from last week’s level of 3.2 – the largest week-on-week increase in 11 weeks and the highest reading in 9 weeks.
HDG lead times came in at a 5-week high of 6.1 weeks from 5.4 in the previous week – the largest increase in 11 weeks. CRC lead times rose to a 9 week of 6.3 – up from 6.0 in the previous week.
Sources: The Steel Index, Steel Business Briefing
HRC = Hot Rolled Coil CRC = Cold Rolled Coil HDG = Hot Dipped GalvanizedHRC lead times for the week ending November 4 moved down slightly to 3.2 from last week’s levels of 3.3.
HDG lead times came in at 5.4 weeks for the fourth week straight while CRC lead times posted the lone increase rising to 6.0 from 4.9 in the week prior.
Sources: The Steel Index, Steel Business Briefing
HRC = Hot Rolled Coil CRC = Cold Rolled Coil HDG = Hot Dipped GalvanizedCRC lead times for the week ending October 21 fell to 4.8 from 5.3 the week prior and 6.0 two weeks ago. This represents the lowest level since the series began in November of 2011.
HRC lead times declined to 3.3 from 3.5 in the week prior, while HDG lead times held at last week’s levels of 5.4.
Sources: The Steel Index, Steel Business Briefing
HRC = Hot Rolled Coil CRC = Cold Rolled Coil HDG = Hot Dipped GalvanizedHRC times for the week ending October 14 climbed to 3.5 from 3.3 the week prior and 2.9 two weeks ago.
HDG lead times declined to 5.4 from 6.2 the week before, while CRC lead times dropped to a 14-week low of 5.3 from 6.0.
Sources: The Steel Index, Steel Business Briefing
HRC = Hot Rolled Coil CRC = Cold Rolled Coil HDG = Hot Dipped Galvinized
