Steel Industry News Update: Steel Price Reports

Steel Industry News Hascall Steel
Hascall News
Steel Industry News Update
Steel Price Reports
September 1, 2016

Hot Rolled Coil Prices

Earlier last week Platts published European hot rolled coil prices at $434 per net ton. This put the price per ton up $11 from 2 weeks prior, and $14 from one month prior. When calculating import costs, that increases European prices to $524 per net ton when delivered to the US. The $90 in import costs includes things like freight costs, handling, trader margin, etc.

The latest average hot rolled coil price for domestic US steel is $590 per ton.

Scrap Metal Prices

Scrap price sources have estimated that there will be a weaker scrap market in this upcoming month of September with prime grades feeling the most pressure. Sentiment is going down about $10-20 per gt on bush and bundles and cuts and shred will also see either flatten with pricing or slightly decline. The correlation for price decreases of scrap are aligned with slowing domestic steel mill production along with raw material inventory reductions as the key drivers.

Steel Service Center Reports

The Metal Service Center Institute (MSCI) reported on inventory and shipment stats over the month of July. The US steel shipments for all steel products through the month were 2,918,700 net tons. As for inventories at the end of the month of July, 7,847,500 tons was recorded bringing steel up 2.7% from the month prior.

Flat Rolled

Shipments for July 2016: 1,999,200 tons

Inventory for July 2016 (end of month): 4,973,500 tons

Plate

Shipments for July 2016: 246,400 tons

Inventory for July 2016 (end of month): 857,600 tons

Pipe and Tube

Shipments for July 2016: 173,300 tons

Inventory for July 2016 (end of month): 510,300 tons

 

Source: Steel Market Update

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HOW BEST TO ORDER STEEL FROM US...

At Hascall Steel we understand that part of being an expert is being able to tailor steel to your needs. With that in mind there are some key areas that will help us fulfill your steel order in a way that is best suited to your company’s capacities. By working with our sales team, we can adjust several aspects of your order to make things easier for your team members. Next are some areas to keep in mind that can improve efficiency and quality.

1. MATERIAL SPECIFICATIONS

Often customers place an order with the following basic information: Quantity/Gauge/Width/Length/Steel Type…

However there are quite a few QUALIFIERS that will help us all get the best value from the informational exchange.

2. TOLERANCES

When discussing material with our Sales Team, be sure to include tolerances for your gauge, width, and length (if applicable). In some cases, Hascall can meet tolerances as low as +/-.001 on gauge, +/-.003 on width, and +/-.015 on length. Specifications – Many steel specifications come with sub categories that can alter chemistries and mechanical boundaries. Be sure to have the full specification when ordering or talk with your sales representative to discuss options.

3. PACKAGING

Proper packaging can help reduce unloading and production time. ID – We offer ID sizes in 16”, 20”, and 24” OD – We are able to provide OD sizes up to 72” Skidding – Standard or custom skidding available, just let us know how you would like your material skidded to best meet your equipment needs.
Paper – Protective paper is standard on all orders but can be applied with standard or full wrapping both with and without Hascall Logos. Max Coil and Skid Weight – Coils can be adjusted to meet your max lift and coil capacities.
Offloading – Material can be shipped skidded or standing and set for Forklift on the side or the rear of the bed. Material can also be shipped ready for sheet lifter or overhead crane offload.

4. DELIVERY

Steel is only good if it gets there when you need it. At Hascall we have an experienced Logistics team that will ensure that your steel arrives on time in the way that best suits your needs. Whether you would like delivery via our in-house Steel Man Transportation service or if you would like to pick up your material personally, our team can set up appointments that meet your schedule. Our Logistics team can also arrange a 3rd party carrier if needed. Delivery dates, times, and address should be discussed with your Sales Representative prior to ordering.

5. THE UNKNOWN

And lastly, we know each customer is unique. There may be special requests that we would love to accommodate. These may range from a sample of the steel attached to the packaging, to increased tag requirements and frequencies. We are happy to work with you in order to be your trusted choice in slit steel coil and blanks.