On Monday and Tuesday of this week, SMU polled steel buyers on a variety of subjects, including steel prices, demand levels, import offers, and inventory. Rather than summarizing the comments we received, we are sharing some of them in each buyer’s own words. We want to hear your thoughts, too! Contact david@steelmarketupdate.com to be included in […]
Barry Zekelman took over his father’s steel company at a young age, and subsequently turned it into an empire. Ahead of SMU’s Steel Summit 2023, Zekelman joined our Community Chat series to talk about goals for his business, what’s happening in the market, and the uniqueness of the steel industry. The owner of the largest […]
On Monday and Tuesday of this week, SMU polled steel buyers on a variety of subjects, including steel prices, demand levels, import offers, and inventory. Rather than summarizing the comments we received, we are sharing some of them in each buyer’s own words. We want to hear your thoughts, too! Contact david@steelmarketupdate.com to be included in […]
Barry Zekelman took over his father’s steel company at a young age, and subsequently turned it into an empire. Ahead of SMU’s Steel Summit 2023, Zekelman joined our Community Chat series to talk about goals for his business, what’s happening in the market, and the uniqueness of the steel industry. The owner of the largest […]
A stable market and steady lead times have led to decent demand, but companies are still keeping a close eye on where the market is headed, according HARDI members.
A stable market and steady lead times have led to decent demand, but companies are still keeping a close eye on where the market is headed, according to members of the Heating, Air-Conditioning & Refrigeration Distributors International (HARDI) speaking on the July 25 meeting of its Sheet Metal/Air Handling Council. During June’s meeting, 36% of […]
US raw steel production rose a second consecutive week, according to data released by the American Iron and Steel Institute (AISI) on Monday, July 24. Steel production in the US rose to 1,741,000 net tons for the week ended July 22, up 1.5% from 1,716,000 the previous week. Domestic production is also up 1.2% year-over-year from 1,721,000 net […]
US raw steel production rose a second consecutive week, according to data released by the American Iron and Steel Institute (AISI) on Monday, July 24. Steel production in the US rose to 1,741,000 net tons for the week ended July 22, up 1.5% from 1,716,000 the previous week. Domestic production is also up 1.2% year-over-year from 1,721,000 net […]
The active rig count in the US and Canada dropped in both countries, according to the latest data from oilfield services company Baker Hughes. The total US rig count stood at 669 active rigs as of July 21, down six from the week prior. Active oil rigs in the US decreased by seven to 530, while […]
Steel Manufacturers Association (SMA) president Philip K. Bell will be joining as a panelist and presenter at the 2023 SMU Steel Summit Conference Aug. 21-23 in Atlanta. “I’ve been attending Steel Summit for over a decade, and each year it gets bigger and better,” Bell said in a sitdown with SMU. This year he will […]
The active rig count in the US and Canada dropped in both countries, according to the latest data from oilfield services company Baker Hughes. The total US rig count stood at 669 active rigs as of July 21, down six from the week prior. Active oil rigs in the US decreased by seven to 530, while […]
We've reached approximately 1,100 registrations for SMU's 2023 Steel Summit Conference, which is only 31 days away. There's still plenty of time to register, just click here.
Business activity at architectural firms was stable in June vs. May, though billings were still increasing, according to the American Institute of Architects (AIA)/Deltek Architecture Billings Index (ABI) score. May’s rebound of 51.0, the highest reading since February, was slightly than June’s 50.1 index. Both readings are an improvement over April’s index of 48.5, and it’s […]
Atlas Tube, part of Zekelman Industries, has partnered with Mobility Worldwide for over 10 years to provide mobility carts to those in need globally, and said it will continue to dedicate resources where needed. “When Zekelman Industries acquired the assets of EXLTUBE based in North Kansas City, Mo., in November 2022, we were well aware […]
Business activity at architectural firms was stable in June vs. May, though billings were still increasing, according to the American Institute of Architects (AIA)/Deltek Architecture Billings Index (ABI) score. May’s rebound of 51.0, the highest reading since February, was slightly than June’s 50.1 index. Both readings are an improvement over April’s index of 48.5, and it’s […]
Atlas Tube, part of Zekelman Industries, has partnered with Mobility Worldwide for over 10 years to provide mobility carts to those in need globally, and said it will continue to dedicate resources where needed. “When Zekelman Industries acquired the assets of EXLTUBE based in North Kansas City, Mo., in November 2022, we were well aware […]
US heating and cooling equipment shipments recovered in May, according to the most recent data released from the Air Conditioning, Heating, and Refrigeration Institute (AHRI). The total amount of units shipped for the month of May was 1.98 million, compared to 1.74 million units in April. Shipments were up 13% month-over-month (MoM), but down 6% year-over-year (YoY). […]
Raw steel production in the US inched up last week after dropping for two consecutive weeks, according to data released on Monday, July 17, by the American Iron and Steel Institute (AISI). Steel production in the US rose to 1,716,000 net tons for the week ended July 15, up 0.3% from 1,711,000 the previous week. Domestic production […]
US heating and cooling equipment shipments recovered in May, according to the most recent data released from the Air Conditioning, Heating, and Refrigeration Institute (AHRI). The total amount of units shipped for the month of May was 1.98 million, compared to 1.74 million units in April. Shipments were up 13% month-over-month (MoM), but down 6% year-over-year (YoY). […]
The US Federal Reserve said that overall economic activity has inched up since May in its latest Beige Book Report released on July 12. The Beige Book is a compilation of information on current economic conditions, gathered by each district Federal Reserve Bank, and is published eight times per year. The newest report by the Fed on the state […]
The US Federal Reserve said that overall economic activity has inched up since May in its latest Beige Book Report released on July 12. The Beige Book is a compilation of information on current economic conditions, gathered by each district Federal Reserve Bank, and is published eight times per year. The newest report by the Fed on the state […]
Raw steel production in the US inched up last week after dropping for two consecutive weeks, according to data released on Monday, July 17, by the American Iron and Steel Institute (AISI). Steel production in the US rose to 1,716,000 net tons for the week ended July 15, up 0.3% from 1,711,000 the previous week. Domestic production […]
After seeing an increase last week, the active rig count in the US is back down. Canada’s rig count, however, saw an increase from the previous week, according to the latest data from oilfield services company Baker Hughes. The total US rig count sat at 675 active rigs as of July 14, down five from the week prior. […]
On Monday and Tuesday of this week, SMU polled steel buyers on a variety of subjects, including steel prices, demand levels, import offers, and inventory. Rather than summarizing the comments we received, we are sharing some of them in each buyer’s own words. We want to hear your thoughts, too! Contact david@steelmarketupdate.com to be included in […]
Jackson, Mich.-based Alro Steel said it plans to acquire Heimansohn Steel, a metals service center based in Clarksville, Tenn. Alro’s aquisition is expected to close by July 28, the company said in a news release on July 11. “We are excited to welcome Heimansohn Steel to the Alro family. This acquisition will benefit our customers with […]
Steel Dynamics Inc. (SDI) last week announced a two- to four-week outage on the hot mill at its Sinton, Texas, flat-rolled mill. The company said on Friday, July 7, that the unplanned outage resulted from “caster shear equipment issues” that occurred on July 1, but that it will continue to operate the cold mill and coating lines. Steel Market Update has […]
Raw steel production in the US has dropped for the second week in a row, according to data released on Monday, July 10, by the American Iron and Steel Institute (AISI). Steel production in the US stood at 1,711,000 net tons for the week ended July 8, down 1.7% from 1,740,000 the previous week. Domestic production is […]
Steel Dynamics (SDI) announced a two- to four-week outage on the hot mill at its flat-rolled steel mill in Sinton, Texas. The Fort Wayne, Ind.-based steelmaker said it expected the hot mill to restart before July 30. The company said in a release on Friday, July 7, that the outage, which was unplanned, resulted from “caster shear equipment […]
After nine weeks of declines, the oil and gas rotary rig count is back up in the US. Canada’s count also saw an increase from the previous week, according to the latest data from oilfield services company Baker Hughes. The total US rig count sat at 680 active rigs as of July 7, up six from the week […]
The US manufacturing sector receded for the eighth consecutive month in June, according to the latest monthly report on business from the Institute for Supply Management (ISM). The ISM’s manufacturing PMI was 46% in June, 0.9% lower than May. The reading marks the seventh month of contraction following a 30-month period of expansion in the […]