Market Analysis for Flat Products Reply

US domestic flats market loses steam in late January

Flat rolled steel demand in December of last year was surprisingly strong across the board—demand at the mill, service center, trading and end-use levels allowed for US domestic flat rolled mills to push for their announced price increases throughout the final weeks of 2011. More…

Market Analysis for Long Products Reply

US rebar mills hold steady in the face of surging January imports

Although it took quite a long time for US domestic rebar prices to catch up to the announced increase for January shipments, US mills nevertheless increased transaction prices again for February once January scrap prices posted an increase. More…

Market Analysis for Raw Materials Reply

US domestic scrap prices retreat in February

After increasing substantially in early December, scrap dealers expected prices to surge again the following month and therefore held inventories back. But when US domestic mills came into the market in early January, it was evident that scrap dealers may have held back too much inventory and availability—particularly busheling—was overabundant. More…

Slow start to the New Year Reply

Global economic conditions seem to be plunging along with temperatures for much of the developed world. 2011 was a difficult year and will be remembered forever as the year of the sovereign debt crisis; the never ending Eurozone debacle came into sharp focus and so did the increasing US debt burden and the country’s astonishing inability to take decisive measures to deal with it. More…