US flat rolled steel market braces for another large price leap
Wednesday, May 14th, 2008It is pretty much inevitable that US flat rolled prices for July production are headed up, but the question is by how much?
Source: SteelOrbis Bulletin
Archive for May, 2008
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Tuesday, May 13th, 2008For those who have been readers of Steel news & updates on SJF’s blog, we have arranged for you to receive a free trial subscription to John Packards ” Steel Market Update”
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Scrap numbers said to be a key factor to watch
Tuesday, May 13th, 2008Nucor Scrap Surcharge (contracts) to Increase by $120/Ton
Nucor’s scrap surcharge will increase on June 1, 2008 by $120 per ton ($6.00/cwt) based on the latest published #1 Busheling scrap prices. This increase comes after an increase of $170 per ton for the month of May.
Number 1 Busheling has moved from $430/l.t. in March to [...]
Possible shortages of light gauge galvanized
Tuesday, May 13th, 2008I am hearing that there may be a shortage of light gauge galvanized/Galvalume during the July time frame. I am aware of a Chinese galvanizing line that is experiencing problems that may cause it to not ship approximately 15,000 tons of light gauge galvanized meant for the U.S. market.
I am also hearing ArcelorMittal may be [...]
Steel Mill Upcomming Steel Price Release Dates
Tuesday, May 13th, 2008Steel Prices – SDI (June), USS (July), Nucor (July), ArcelorMittal (July), Severstal – especially Sparrows Point (July) and the conversion mills – The Techs, Sharon Coatings, CSN and Wheeling Nisshin should all be coming out with prices either yet this week or, by early next week.
Source: www.steelmarketupdate.com
Steel Prices Continue to Move Higher
Tuesday, May 13th, 2008Steel Business Briefing released The Steel Index of Reference Prices for the week ending May 4, 2008. The new numbers show that the market prices for hot rolled, cold rolled and galvanized have continued to move higher as compared to the week prior.
Hot-rolled prices showed a $5 per ton move to the upside ($.25/cwt). [...]
The Steel Index – ALERT! - Prices Continue to Move Higher
Thursday, May 8th, 2008The Steel Index - Prices Continue to Move Higher
Steel Business Briefing released The Steel Index of Reference Prices for the week ending May 4, 2008. The new numbers show that the market prices for hot rolled, cold rolled and galvanized have continued to move higher as compared to the week prior.
Hot-rolled prices showed a [...]
SJF introduces Chameleon Carousel Controls™
Wednesday, May 7th, 2008PRESS RELEASE
Winsted, MN – (May 5, 2008) SJF Material Handling of Winsted, Minnesota has announced the introduction of Chameleon Carousel Controls™ for use with any make or model of vertical or horizontal carousel. Chameleon can be adapted to any carousel, says SJF’s President Stafford Sterner, even carousels declared obsolete or no longer supported by [...]
No slowdown in astonishing scrap market uptrend
Wednesday, May 7th, 2008With robust demand registered in all regions across the world, scrap prices are continuing their astonishing upward movement. Each passing day it gets harder to find the morning price levels by the time evening comes.
Bulletin courtesy of Steel Orbis [http://www.steelorbis.com]
US execs say high prices here to stay; must be passed on
Wednesday, May 7th, 2008Record US steel prices, driven by soaring input costs, are unlikely to go down anytime soon, the heads of five high-profile steel and raw materials producers say.
Speaking during a round table discussion Monday at the joint meeting of the American Iron and Steel Institute and the Metals Service Center Institute, attended [...]