David Schollaert

Oil and gas drilling activity in the US picked up over the past week, while drilling in Canada slowed, according to the latest Baker Hughes rig counts.

Nucor announced on Monday, July 6, that its consumer spot price (CSP) for hot-rolled (HR) coil will remain unchanged at $1,130 per short ton (st) for the week.

Total US raw steel output recovered last week after declining in the three prior weeks, according to recent American Iron and Steel Institute (AISI) figures.

SSAB Americas plans to increase plate prices by at least $40 per short ton (st), according to a letter sent to customers on Wednesday.

SMU’s average price for domestic HR was unchanged vs. last week. In offshore markets last week, while prices diverged, the dynamic between stateside and imported product varied little.

Cold-rolled (CR) coil prices were unchanged in the US this week, while offshore prices varied, though mostly trended up.

Total shipments of heating and cooling equipment improved 3% from April to May, according to recently released figures from the Air Conditioning, Heating, and Refrigeration Institute (AHRI). The improved month-on-month (m/m) pace also marks one of the highest shipment rates in the past two years.

In exactly 45 days, the flat-rolled steel industry will again descend on Atlanta to uncover the decisions, innovations, and forces shaping the market today—and what’s coming next.

Nucor announced on Monday, July 13, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,135 per short ton (st) for the week, up $5/st from last week.

Oregon Steel Mills (OSM) on Tuesday evening announced efforts to increase plate prices.