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Industry Update 1/18/2018

INDEXES: HR:  At its’ highest mark in 3-1/2 years….! This week up $12+/ton ($0.60/cwt) to $673 ($33.65)…..That eclipses the 2017 high back in April of $660 ($33.00) Speaking  of eclipsing:  High  water mark in 2016 was $637 ($31.85)….in 2015 it was $597 ($29.85)….You have to go back to May of 2014 when HR was at…

Job Opportunities

Sheffield Steel Products a Cleveland based Flat Rolled Steel Service Center has an opening for an “outside salesperson” or “sales group” to sell their products. We are searching for experienced outside sales professionals who are ready for a new challenge. Ideally, the successful candidate will have flat rolled steel experience with a loyal customer base.…

Industry Update 12/21/17

Index: All categories up again this week HR: Up $5/ton ($0.25/cwt) landing  at $630 ($31.50) CR:  Always liking to get the leader, up $16/ton ($0.80/cwt) this week….Now at $825 ($41.25) GV:  UP pretty good too, at $12/ton ($0.60/cwt) increase, climbing to $870 ($43.50) All these categories back to about August levels before the slight softening…

Industry Update 11/9/17

What a difference a month makes! Reduction in imports, upward price management at the producer level; as well as improvement in the manufacturing sector, have all been contributors to the “bullish” view of the flat rolled steel market. There are chinks in the armor when it comes to the market fundamentals, as most industry experts…

Industry Update 10/12/17

INDEX:  The decreases are becoming more prevalent… HR drops $17/ton ….four months after this year’s low point of $577 ($28.85) on June 14. For those of you on CRU programs, today was the first second Wednesday of 4Q…..Average in 3Q was $30.98….so  already down a buck… CR fell $9/ton…at $800 ($40.00) even now…we saw some…

Industry Update 9/27/17

The indexes remained stable this week. A relative push on CR and HR. Coated inching minimally higher. However, prudence is required in addressing some of the hazard  that could affect market participants. China developing stricter curtailment of their domestic steel production Lower inventory levels Hurricane replacements/production Unplanned domestic supply side reductions (although scheduled and built…

Industry Update 9/14/17

INDEX  All three categories down this week (much to the chagrin  of AK Steel, who announced another $30/ton increase recently that no  mills followed suit on)… SCRAP:  After much talk of prices going up, things ended flat going into September (part of why other mills did not follow AK lead and attempt a price increase)…Down …

Industry Update 8/30/17

After spending the week at a steel industry conference, I thought I’d share a couple of point conveyed during the conference. First and foremost, the devastation left in the wake of hurricane Harvey will have an effect on steel prices in the near term. Iron ore prices are to move off current highs this will…

Industry Update 8/17/2017

INDEX:  Drops in all three categories this week.The mills however, and as resilient as ever, announced increases this week of $30/ton…On their side one could argue that scrap went up in August (albeit only $10-$20/ton)….Conversely though, inventory levels at service centers have gone up as well, to a 2.3 months’ supply, which does not help…

Industry Update 8/10/17

THE SSP INDEX IS  FLAT… HR up @$2/ton @ ($0.10/cwt) CR up @$1/ton  @ ($0.05/cwt) GV was same   Raw materials for steelmaking have rallied of late. Noting significant increases in scrap, coking coal as well as other commodities. Potentially signaling an upward trajectory for the U.S. market price. Current world events with NORKO seems…