New Report Preview:
Final March Chinese steel production declined 3.2% from February’s record 2.21 million tonnes per day (mtpd), but at 2.14 mtpd was still the second highest on record…more
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As Chinese production hit a new all-time record in February and remained near record levels in March, the jump in exports is unsurprising…more
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New Report Preview:
In a surprise move, Gerdau North America is leading with a $10/ton price increase for rebar effective April 15, despite the $22/ton drop in April scrap prices, according to AMM…more
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New Report Preview:
The March survey showed that after a meaningful pick-up in outlook earlier in the year, steel buyers are becoming less optimistic about future business conditions…more
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New Report Preview:
According to just-published data from American Metal Market (AMM), April prime and obsolete scrap prices fell 5.0% and 5.3%. The main drivers of declines were…more
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New Report Preview:
Preliminary January imports rose 10.3% to 2.58 million tons (mt) from 2.34 mt in December as a 27.4% spike in finished steel imports more than offset a… 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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New Report Preview:
According to Pipe Logix, January OCTG prices continued lower, dropping by 0.6% or $11/ton from December. The January price of $1,720/ton was the lowest in two years and…more
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New Report Preview:
December import licenses declined 8.0% to 2.2 million tonnes (mt) from 2.4 mt in November, the lowest level since last December. The overall decline was driven by…more
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New Report Preview:
November preliminary steel imports rose a surprising 4.7% to 2.66 million tons (mt) from October’s 2.54 mt as semi-finished tonnage jumped nearly 40% to the highest level…more
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