Steel Market News

  1. Steel shipments by Canadian service centers in November totaled 398,900 net tons, up 1.8 percent from the previous month, and up 0.2 percent from November 2016, reports the Metals Service Center Institute (MSCI). On a daily basis, total shipments were 19,000 tons per day in November (a 21-day month), up from 18,700 tons per day in October (a 21-day month), and unchanged compared to a year ago when they were also 19,000 tons per day (a 21-day month). Total steel inventories at the end of the month were 1,134,500 tons, down 3.1 percent from last month, but up 4.3 percent from this time last year.

  2. Business activity in New York State continued to expand in December. The Empire State General Business Conditions Index registered a healthy 18.0, down slightly from 19.4 in November.

  3. U.S. steel exports in October totaled 895,879 net tons (812,729 metric tons), down 0.8 percent over September, but up 17.0 percent from October 2016. Total exports have averaged around 880,000 tons over the last few months after reaching a 2.5-year high in May (1,006,087 tons). The total October export figure is below the three-month moving average (average of August 2017, September 2017 and October 2017), but above the 12-month moving average (average of November 2016 through October 2017). Here is a breakdown of flat rolled and plate steel exports:

  4. Steel Market Update’s next Steel 101: Introduction to Steel Making & Market Fundamentals Workshop will be held in Merrillville, Ind., on March 28-29, 2018. The two-day session will include a tour of the NLMK USA steel mill.

  5. ArcelorMittal’s new headquarters in Luxembourg will be a testament to the strength and beauty of steel.

    The primarily steel and glass structure designed by Wilmotte & Associés will “showcase the diverse benefits of steel over other building materials,” said ArcelorMittal in a press release. Approximately 5,000 to 7,000 metric tons of steel produced in Luxembourg will be used to construct the building.