David Schollaert is a Senior Analyst and Editor for Steel Market Update. With a focus on the steel industry, David provides analysis and insights into market trends, pricing, and industry news. His articles cover a range of topics, including price ranges, import/export dynamics, and updates on major players in the steel market.
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David Schollaert's coverage predominantly focuses on the steel industry, particularly around market trends and pricing. His reliance on data suggests that he values factual information backed by statistics and analysis.
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Cleveland-Cliffs announced the closing of its December order book for hot-rolled coil spot purchases, though it said contract bookings remain available.
US hot-rolled (HR) coil prices edged up this week, while tags in offshore markets moved lower. As a result, domestic tags pulled ahead of imports on a landed basis.
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According to data from the US Bureau of Economic Analysis, US light-vehicle (LV) sales accelerated to an unadjusted 1.33 million units in October, a rise of 1.7% from September and 10.6% from a year ago.
By: David Schollaert
North American auto assemblies rallied in October, rising 11.3% above September, reaching the best output year to date. Assemblies were also up 7% year on-year (y/y), according to LMC Automotive data.
The price spread between US-produced cold-rolled (CR) coil and offshore products slipped in the week ended Nov. 15, on a landed basis.
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was unchanged week on week (w/w) at $750 per short ton (st) on Monday, Nov. 18.
US housing starts moved lower through October, declining for a second straight month after peaking in August, according to the latest data release from the US Census Bureau.
US hot-rolled (HR) coil prices slipped this week, while tags in offshore markets were also largely down. Thus, the price premium between stateside hot band and imports on a landed basis was relatively unchanged.
The price spread between US-produced cold-rolled (CR) coil and offshore products on a landed basis widened slightly in the week ended Nov. 22.
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