Tweet about this on TwitterShare on LinkedIn0Share on Facebook0Email this to someone

Based on reported import licenses, US flat steel products imports dropped 11% from 897,000 short tons in October to 799,000 tons in November. Flat products imports for the first eleven months of 2017 were 3% lower than in the first eleven months of 2016. However, comparing January to November 2017 to the same period in 2016 by product category, the decline in cut plate (-37%) and hot rolled (-17%) imports offset a rise in cold rolled (+18%) and hot dip galvanized (+15%) imports.

Imports fell between October and November in all flat product categories but particularly in cold rolled products where imports dropped significantly from Russia and Turkey.

SIMA US flat products import licenses and actuals
January 2013 to November 2017

short tons


Cold rolled coils in storage
Photo from Worldsteel Association Image Library by worldsteel / Seong Joon Cho, image ref: worldsteel_posco_south-korea_final-product_9.jpg

 

{ 0 comments }

Tweet about this on TwitterShare on LinkedIn0Share on Facebook0Email this to someone

Worldsteel reported Chinese crude steel production at 72.4 million metric tonnes in October, 6.1% higher than in October 2016. Chinese crude output over the first ten months of 2017 was 5.6% higher than in the same period last year.

Chinese net finished steel exports (export minus imports) in October were 4.0 million tonnes, 39.1% lower than in October 2016. Chinese net finished steel exports over the first ten months of 2017 were 34.7% lower than in the first ten months of 2016.

China monthly crude steel production
January 2006 to October 2017, thousand metric tonnes


Photo by Jurgenlison (Own work) [CC BY 3.0 (http://creativecommons.org/licenses/by/3.0)], via Wikimedia Commons

{ 0 comments }

Tweet about this on TwitterShare on LinkedIn0Share on Facebook0Email this to someone

Worldsteel published October’s world crude steel production yesterday. World crude steel output was 145.3 million metric tonnes, 5.9% higher than in October 2016. World production for the first ten months of 2017 was 5.3% higher than in the same period last year.

China accounted for half of world output in October with production of 72.4 million tonnes, 6.1% higher than in October 2016. Outside of China, Asian production also increased significantly in India (+5.3%), South Korea (+4.0) and Vietnam (+75.2%). European Union production rose 3.4% on October last year, while Turkish output increased 11.1%. In the CIS, Russian crude production rose 5.0% and in the Middle East, Iranian output increased 24.2% compared to October 2016. In the Americas, production in the US rose 12.0%.

All the data for October 2017 and for a number of prior years can be found in the Nerds spreadsheet below.


Rails ready for transportation
Photo from Worldsteel Association Image Library
by worldsteel/ Shawn Koh, image ref:
worldsteel_Baotou_China_Final Product_5.jpg

{ 0 comments }

Tweet about this on TwitterShare on LinkedIn0Share on Facebook0Email this to someone

Based on reported import licenses, US long products imports showed little change between September and October, falling 1% from 329,000 short tons in September to 326,000 tons in October. Licenses indicate lower rebar imports in October due to declining volumes from Spain, Italy and Brazil, and despite higher rebar imports from Turkey. The decline in rebar imports was offset by higher All Other Structural Shapes imports, however, resulting in flat total longs imports month-on-month.

Long products imports for the first ten months of 2017 were 8% lower than in the same period last year, driven largely by lower rebar imports.

SIMA US long products import licenses and actuals
2012 to 2017

short tons


Steel wire rod in a fully automated storage facility
Photo from Worldsteel Association Image Library by worldsteel / Seong Joon Cho, Image ref: worldsteel_posco_south-korea_hot-rolling_3.jpg

 

{ 0 comments }

Tweet about this on TwitterShare on LinkedIn0Share on Facebook0Email this to someone

ArcelorMittal posted Q3 earnings today and the results have been added to the graph and spreadsheet below. The company’s EBITDA per ton dropped slightly to $80 in the quarter from $91 in Q2.

{ 0 comments }

Tweet about this on TwitterShare on LinkedIn0Share on Facebook0Email this to someone

Sorry for the delay in getting this post out. Nine companies we follow have released Q3 2017 financial results. Most of the mills reported EBITDA per ton that was similar to or lower than was reported in Q2 of this year. The lowest EBITDA per ton was reported by CMC, $25, and the highest was reported by Steel Dynamics, $141. See the graph below and the chart behind the graph for more details.

{ 0 comments }