David Schollaert is a senior analyst at Steel Market Update. With over a decade of experience in the metals and mining industry, he specializes in the analysis of steel-making raw materials and has a strong background in construction, manufacturing, and supply chain logistics. David's insights and expertise have been featured in Steel Market Update.
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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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The US drill rig count increased by seven this week, while the Canadian count dropped by 11, according to the latest data from Baker Hughes.
The price spread between US-produced cold-rolled (CR) coil and offshore products on a landed basis was flat in the week ended Dec. 6.
As my colleague Ethan Bernard noted in our most recent Final Thoughts, I don’t think many of us thought uncertainty would be mounting four weeks out from 2025. If anything, the general theme post-Steel Summit and into Q4 was that election night would be the turning point. And whatever had been keeping the steel market from building would finally get the jump-start it needed.
Hot-rolled (HR) coil prices ticked back down in the US this week, while tags in offshore markets were mostly up. Thus, the price premium between stateside hot band and imports on a landed basis contracted slightly.
Written by David Schollaert November 13, 2024 Share on LinkedIn The latest SMU Community Chat webinar reply is now available on our website
The price spread between US-produced cold-rolled (CR) coil and offshore products on a landed basis was relatively flat in the week ended Dec. 13.
Hot-rolled (HR) coil prices were flat in the US this week, while tags in offshore markets were mostly down. Thus, the price premium between stateside hot band and imports on a landed basis widened slightly.
Worthington Enterprises' profits edged down in its fiscal second quarter of 205 vs. a year earlier. The company said a slump in sales in the quarter was due largely to the "deconsolidation" of the Sustainable Energy Solutions segment in the fourth quarter of fiscal 2024.
The price spread between US-produced cold-rolled (CR) coil and offshore products on a landed basis was unchanged in the week ended Dec. 20.
And just like that, we’re wrapping up the last SMU newsletter of 2024. We’re closing out our 19th year and looking with wide-eyed anticipation to what 2025 will bring.
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