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Our Advance/Decliner Index rose for the fifth consecutive week, rising to the highest level since February as global raw material prices trended higher in the week…
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Posts Tagged: ‘steel imports’
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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July Scrap Prices Snap Back from Recent Lows
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According to just-published data from American Metal Market, July prime scrap rose $30/ton (+7.9%) to $410 and shredded gained $16/ton (+4.4%) to $376/ton. The relative…
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June Steel Imports Drop to Four-Month Low; Impact from OCTG Trade Case Could Be Felt Soon
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June steel import licenses declined 10.1% to 2.33 million tonnes (mt) from May’s 2.59 mt driven by declines for…
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Nucor Holds Long Prices Flat Ahead of Scrap Settlement; Another Nail in the Surcharge Coffin
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In a leading move, Nucor announced July bar pricing – the company is keeping rebar and merchant bar prices unchanged for July shipments, despite shredded scrap prices…
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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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June OCTG Prices Post Surprising Uptick; Further Upward Momentum Limited
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According to Pipe Logix, June OCTG prices rose 0.3% (or $5/ton) to $1,670/ton, bringing an end to 14 consecutive monthly declines. The surprising increase was driven by…
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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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Advance/Decliner Index Continues Up; China Index at Four-Month High
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Our Advance/Decliner Index rose for the third straight week to the highest level in three months. The increase was driven by our China Index which rose to a four-month high…
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May Imports Rise to 11-Month High; Hot-Rolled Sheet Lowest Since February 2011
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Preliminary May imports rose 4.6% from 2.68 million tons(mt) in April to 2.8 mt, the highest level since last June. The increase was primarily driven by…
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