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April MSCI shipments rose 1% sequentially versus the normal seasonal drop of 1.8%, with shipments for all products posting sequential gains. However, we suspect this is due to…
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Posts Tagged: ‘steel service center’
April ISM Steel Survey – Outlook Weakens but Hiring Positive Surprise
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The April Institute for Supply Management (ISM) Steel Buyer Survey showed that buyer optimism seen earlier this year has faded over the past two months…
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March ISM Steel Survey – Optimism Losing Momentum
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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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Lead Times for HRC and CRC Climb – Coated Flat
HRC lead times rose for the week ending December 30 to 3.4 from the 5-week low of 3.1 last week.
CRC lead times also rose – coming in at 6.0 weeks from last week’s 8-week low of 5.7. HDG lead times came in flat at 6.0 weeks.
Sources: The Steel Index, Steel Business Briefing
HRC = Hot Rolled Coil CRC = Cold Rolled Coil HDG = Hot Dipped GalvanizedLead Times Drop Across All Categories
HRC lead times dropped for the week ending December 9 to 3.7 from the three-month high of 3.9 last week.
HDG and CRC lead times also fell – with HDG coming in at a 5-week low of 5.9 weeks from 6.6 in the week prior and CRC falling to a 6-week low of 5.6 from 6.0 in the week prior.
Sources: The Steel Index, Steel Business Briefing
HRC = Hot Rolled Coil CRC = Cold Rolled Coil HDG = Hot Dipped GalvanizedNovember Steel Distributor Outlook – Weak Shipments but Declining Inventories
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The November MSCI distributor inventory/shipment report will be released in the next few days, and we expect to see shipments drop to the lowest non-December level in …more
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HRC Lead Times Move Off 7-week Low
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 GalvanizedOctober Distributor Shipments Show Sandy-Impacted Decline; Inventories Continue to Drop
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The MSCI October report showing a meaningful decline in average daily shipments of 5.9% sequentially and 5.4% y-o-y most probably overstated the weakness in the month …more
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Lead Times Mostly Unchanged
HRC and HDG lead times for the week ending October 28 remained at last week’s levels of 3.3 and 5.4 weeks respectively
CRC lead times posted the lone increase rising to 4.9 from 4.8 in the week prior.
Sources: The Steel Index, Steel Business Briefing
HRC = Hot Rolled Coil CRC = Cold Rolled Coil HDG = Hot Dipped Galvanized
