Steel Market News

  1. Tex-Isle Inc. plans to build a new electric-resistance welded (ERW) pipe mill with annual capacity of 350,000 tons per year near Steel Dynamics Inc.’s (SDI’s) new flat-rolled mill in Sinton, Texas. The new pipe mill is scheduled to open in Robstown, Texas, in the third quarter of this year and will be adjacent to Tex-Isle’s existing heat-treating, inspection and threading facilities, the company said.

  2. The U.S. automotive industry showed remarkable resiliency in 2020 despite a production shutdown in March and the most challenging year since the Great Recession. U.S. auto sales ended the year at an estimated 14.6 million units, well below forecasts of 16.7 million, yet incredibly robust amidst a pandemic, high unemployment and an economic recession.

  3. Economic activity rose modestly for most Federal Districts as 2020 came to a welcome end. Two Districts reported flat activity while two others noted a decline, said the Federal Reserve its January 2021 Beige Book.

  4. Plate prices usually carry a premium to hot-rolled coil tags – but that typical relationship has been turned upside down since early October.

    The question now: Could price hikes of at least $140 per ton announced by some North American plate mills last week help narrow the gap?

  5. You may be thinking about participating in one of our upcoming Steel 101: Introduction to Steel Making & Market Fundamentals workshops, but wonder what it's like to learn virtually. If you have school age kids, you already know that so many of us have adapted to online learning. Here at SMU, we've had to pivot from our live and in-person workshops to a virtual platform. Luckily, our parent company, CRU Group, has made the transition pretty seamless.