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There was a reasonable amount of good news in the July MSCI report. First, in an unusual move, flat-rolled inventories dropped nearly 3% from June; it’s rare to see inventories…
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Posts Tagged: ‘steel service centers’
July ISM Steel Survey – Where Did the Optimism Go?
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The July Institute for Supply Management (ISM) Steel Buyer Survey showed a flattening of the outlook for the overall economy and respondents’ own businesses and indicated…
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June Flat-Rolled Inventory Lowest in Two Years; Shipments Pick Up Strength on Price Hikes
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June carbon steel inventories declined another 1.2% to the lowest since February 2011, while average daily shipments gained 0.8%, bucking the normal seasonal drop of …
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June ISM Steel Survey – Optimism in the Air
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The June Institute for Supply Management Steel Buyer Survey once again showed an improved outlook for the overall economy and respondents’ own businesses after hitting a…
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Advance/Decliner Index Rising but Still Weak; Chinese Pricing Declines
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Our Advance/Decliner Index rose for the fourth straight week. The increase was driven by our Ex-China Index rising to a 15-week high, while our China Index…
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ArcelorMittal Leads Round 3 of Sheet Price Hikes
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As we expected, ArcelorMittal is leading a third round of sheet price increases with a $20/ton price hike, lifting its HRC list price to $650/ton, just two weeks after…
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May Flat-Rolled Inventories Tumble; Months’ Supply Lowest Since March 2011
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While May inventories dropped a bullish -3.6% to the lowest level in two years, weak shipments – up only 0.8% against a normal seasonal uptick of 3.1% – left months’ supply…
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Second Sheet Price Increase Increasingly Likely
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We suspect we’ll see a second price increase announced, with about half of the original $50/ton May 22 sheet price hike sticking at the three-week mark. This is the first time…
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April Steel Distributor Shipments Show Surprising Pick-up; Inventories Drop on Flat-Rolled Decline
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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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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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