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AK Steel announced that its primary 2.5-3.0 million ton per year blast furnace at its Middletown (OH) Works facility experienced a mechanical failure that is likely to…
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Posts Tagged: ‘steel imports’
Global Steel Production Sideways in May; Capacity Utilization Falls Below 80%
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May global steel production fell by a normal seasonal 0.2% from April to 4.397 million tonnes per day, but rose 2.6% from the year-ago level. The y-o-y growth was due to…
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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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Advance/Decliner Index Continues Nominally Higher, but Well Below Key 50 Level
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Our Advance/Decliner Index rose to a three-month high, but remained at low levels. The uptick was driven by strengthening domestic sheet prices and less weakness in the…
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AK Steel Leads with Second Sheet Hike
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AK Steel announced a leading $40/ton sheet hike this afternoon, the second increase in three weeks. We suspect AK’s move is…
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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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Advance/Decliner Index Remains Weak
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Our Advance/Decliner Index rose to a seven-week high as domestic sheet prices continued to climb and Chinese prices strengthened on the back of…
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YTD May Chinese Steel Exports Up Whopping 22%; Bao Cuts Prices
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May Chinese net steel exports declined 3.3% to 4.11 million tonnes (mt) from April’s post-recession high of 4.25 mt as gross steel exports…
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Advance/Decliner Index Falls Slightly as Chinese Pricing Continues to Deteriorate
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Our Advance/Decliner Index fell last week as pricing weakness spread to Latin America, driving our Ex-China Index down. Our China Index remained at a dismal level due to…
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May OCTG Prices Fall to Lowest Since March 2010
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According to Pipe Logix, May OCTG prices declined 1.0% (or $16/ton) to $1,665/ton, the lowest since March 2010 and some 13.1% below the recent high of $1,916/ton in …
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