Nucor Corp.’s sales and shipments saw healthy increases in the first quarter, prior to the coronavirus crisis. The first quarter was still a profitable one for the steelmaker, but the company is expecting a loss in the second quarter as the economy struggles with the government restrictions to stop the spead of COVID-19. Nucor reported […]
Mill shipments of sheet products in January were the highest since August 2019. This analysis is based on steel mill shipment data from the American Iron and Steel Institute (AISI) and import-export data from the U.S. Department of Commerce (DoC). This month we are producing a new report for long products and will follow this […]
Demand for long products declined by 3.5 percent in the three months through January, but rebar was up by 9.6 percent. This analysis is based on steel mill shipment data from the American Iron and Steel Institute (AISI) and import-export data from the U.S. Department of Commerce (DoC). It summarizes total steel supply by product […]
In spite of the widely reported decline in import volume, import market share increased in the second quarter. Last week we reported that June was the eighth consecutive month in which imports were down by more than 20 percent compared to the same month last year. This has not been the case for import market […]
This report examines the import share of sheet, plate, long and tubular products and 16 subcategories. Since January 2020, imports’ share of the total sheet products has been 14.5 percent, down from 21.4 percent in 2015. The import share of HRC has been below 10 percent since January 2019. The most striking finding in this […]
Key Market Indicators show that the improvement in market trends in December and January translated to a jump in the present situation in February. This report is designed to be a big picture summary of data on which we have reported in detail during the month. In it we summarize 36 data streams that describe […]
Domestic mills won back market share from imports in 2017, 2018 and 2019. Even though the steel market contracted by 1.9 percent in 2019, shipments by U.S. mills to domestic locations increased by 2.9 percent as imports declined. Table 1 shows 13 years of history of total steel supply to the U.S. market in short […]
Based on our analysis of 10 economic indicators, the decline in manufacturing slowed in February’s data. This report summarizes 10 data streams that describe the state of U.S. manufacturing in general and the steel industry in particular. We have reported on most of these separately in our Steel Market Update publications, and therefore will be […]
In three months through December, demand for total rolled products declined by 6.1 percent. This Premium analysis by Steel Market Update is based on steel mill shipment data from the American Iron and Steel Institute (AISI) and import-export data from the U.S. Department of Commerce (DOC). It is meant as a more in-depth look compared […]
This report examines the import share of sheet, plate, long and tubular products and 16 subcategories. Since January 2019, the import market share of total sheet products has been below 15 percent with an 11-month average of 14.0 percent. The import share of HRC has been below 10 percent since January 2019. The most striking […]
Steel Market Update is pleased to share this Premium content with Executive-level members. For more information on how to upgrade to a Premium-level subscription, email Info@SteelMarketUpdate.com. Based on Steel Market Update’s analysis of 10 indicators in January, the decline in U.S. manufacturing continues. This report summarizes 10 data streams that describe the state of U.S. […]
Commercial Metals Company is looking forward to a steady construction market in 2020 for its merchant bar and rebar products. “We are positioned to continue benefiting from the positive trends in our core markets and remain optimistic about the construction market, as many of the macro indicators we monitor point to resilience ahead,” said President […]
Based on Steel Market Update’s analysis of 10 indicators, there is a faint glow in the manufacturing environment. This report summarizes 10 data streams that describe the state of U.S. manufacturing in general and the steel industry in particular. We have reported on most of these separately in our Steel Market Update publications, and therefore […]
In October, demand for sheet products declined by more than the seasonal norm. Demand for long products is softening as construction expenditures decline. This analysis by Steel Market Update is based on steel mill shipment data from the American Iron and Steel Institute (AISI) and import-export data from the U.S. Department of Commerce (DoC). The […]
This Steel Market Update report examines the import share of sheet, plate, long and tubular products and 16 subcategories. Since January, there has only been one month when the import market share of total sheet products exceeded 15 percent. The import share of HRC has been below 10 percent since January. The most striking result […]
Steel Market Update is please to share this Premium content with Executive-level subscribers. For information on how to upgrade to a Premium-level subscription, email Info@SteelMarketUpdate.com. Manufacturing output shows contraction in nine of the 10 indicators analyzed by Steel Market Update, which helps to explain the current weakness in steel demand in some sectors. This report […]
Demand for steel sheet products declined by more than the seasonal norm in September. This analysis by Steel Market Update is based on steel mill shipment data from the American Iron and Steel Institute (AISI) and import/export data from the U.S. Department of Commerce (DoC). The analysis summarizes total steel supply by product from 2003 […]
Nucor reported a decline in financial results as expected for the third quarter of 2019. Net earnings were $275 million, down from $386.4 million in Q2 and $676.7 million in Q3 2018. Consolidated net sales fell 7 percent from the previous quarter to $5.46 billion. Steel shipments to outside customers declined 7 percent from last […]
Based on Steel Market Update’s analysis of 10 indicators, U.S. manufacturing output is now contracting and articles manufactured from iron and steel are down by 6.1 percent year over year. This report summarizes 10 data streams that describe the state of U.S. manufacturing in general and the steel industry in particular. In data released in […]
February was the first month for the import market share of total steel products, including semifinished, to fall below 20 percent since August 2009. The import share remained below 20 percent through August 2019 when it was 18.4 percent. Our data goes back to January 2003 in which time period the high import share was […]
Demand for sheet products spiked to over five million tons in August for the first time since August last year, though flat rolled demand remains tepid. Construction expenditures are softening and will reduce the demand for long products through the balance of 2019. This analysis by Steel Market Update is based on steel mill shipment […]
The growth of manufacturing in the U.S. is slowing, and on a single-month basis the ISM index became negative in August. This does not bode well for the balance of 2019 or for 2020, according to Steel Market Update’s analysis of 11 manufacturing indicators. This report summarizes 11 data streams that describe the state of […]
Demand for sheet products is declining due to the weakness in manufacturing. Construction expenditures are showing signs of softening and will reduce the demand for long products through the balance of 2019. This analysis by Steel Market Update is based on steel mill shipment data from the American Iron and Steel Institute (AISI) and import/export […]
Demand for long products continues to be very strong, driven by the construction industry. Demand for sheet products is declining due to the weakness in manufacturing. This analysis by Steel Market Update is based on steel mill shipment data from the American Iron and Steel Institute (AISI) and import-export data from the U.S. Department of […]
The import market share of all steel products including semifinished has been below 20 percent every month since January. Steel Market Update data goes back to January 2003 in which time period the high import share was 38.8 percent in January 2015. Between January 2014 and February 2019, there were only four months when the […]
Our analysis of 11 manufacturing indicators suggests that growth is slowing and, if trends continue, will become negative in the fourth quarter. This report summarizes 11 data streams that describe the state of U.S. manufacturing in general and the steel industry in particular. We have reported on most of these separately in our Steel Market […]
Nucor reported a decline in earnings for the second quarter of 2019 due to lower shipments and pricing. A build-up of inventory before the Section 232 tariffs resulted in aggressive destocking at the end of 2018 and into 2019, which impacted order rates, along with an increase in domestic steel supply and a declining scrap […]
Most indicators of manufacturing activity are still positive, but if trends continue, growth will become negative by late summer. This report summarizes 11 data streams that describe the state of U.S. manufacturing in general and the steel industry in particular. We have reported on most of these separately in our Steel Market Update publications, and […]
Demand for long products is very strong, driven by the construction industry. Demand for sheet products is declining. This analysis by Steel Market Update is based on steel mill shipment data from the American Iron and Steel Institute (AISI) and imports/export data from the U.S. Department of Commerce (DoC). The analysis summarizes total steel supply […]
Most indicators of manufacturing activity are still positive, but if trends continue growth could become negative by late summer, according to Steel Market Update’s latest analysis. This report summarizes 11 data streams that describe the state of U.S. manufacturing in general and the steel industry in particular. We have reported on most of these separately […]