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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Commercial planning momentum continues to drive the Dodge Momentum Index (DMI) higher, pushing August up to a 21-month high.
US light-vehicle (LV) sales improved to an unadjusted 1.42 million units in August, up 7.6% from a year ago, the US Bureau of Economic Analysis (BEA) reported. Despite the year-on-year (y/y) boost, domestic LV sales declined 4.5% month on month (m/m).
US hot-rolled (HR) coil prices edged down slightly this past week but remain at a slight premium to offshore material on a landed basis.
The US plate market finds itself in unfamiliar territory, well maybe unfamiliar territory for this side of the post-Covid “normal,” that is.
The US plate market finds itself in unfamiliar territory, well maybe unfamiliar territory for this side of the post-Covid “normal,” that is.
Oil and gas drilling activity in the US recovered the week ended Sept. 13 but remains low compared to recent years. Meanwhile, drilling in Canada edged down slightly but is still just under a six-month high, according to this week’s report from oilfield services provider Baker Hughes.
The price gap between US cold-rolled (CR) coil and offshore product is a bit broader this week despite slightly lower tags stateside. The premium is still widening since falling to a 10-month low in late July.
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil is unchanged from last week.
Steel Market Update’s Steel Demand Index ticked back seven points last week, falling further into contraction territory.
Triple-S Steel Holdings has acquired West Coast steel products distributor Borrmann Metals Co.
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