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USA

US long products imports in Feb decline 41% to below Nov ’08 level

March 19, 2009

Based on reported US import licenses, long products imports in February declined by 41% compared to January actuals to reach 156,000 short tons, below the November 2008 import low of 173,000 tons. This was driven mainly by the halving of wire rod imports from 84,000 tons in January to 41,000 tons in February, and by […]

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US flat products imports increased 8% in January

March 4, 2009

Based on reported import licenses, US flat products imports increased 8% in January to 514,000 short tonnes compared to December actuals of 474,000 tons. Licenses reported up to 17 February reached 347,000 tons, which indicates that full-month imports for February should climb significantly. I will now be reporting monthly US import license data for flat […]

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How long might this recession last?

February 23, 2009

The current economic downturn has wreaked significant havoc on the global economy and on the steel industry.  Not surprisingly we are all wondering “How long will this recession last and how bad will it get?”  Of course, no one knows.  But there are some historical precedents and while history may not provide a clear answer, […]

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US long products imports rose over 50% in January

February 19, 2009

Based on reported US import licenses, long products imports in January rose 57% to 280,000 short tons compared to actual December imports of 178,000 tons. The January increase was mainly due to growth in rebar and sections licenses. Rebar imports grew from December actual levels of 14,000 tons to January licenses of 65,000 tons. Sections […]

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“Buy American” video – Steel & the Stimulus Package

February 16, 2009

CBS News magazine 60 Minutes last night reported on the “Buy American” steel aspects of the current stimulus package. The video below features Nucor employees and CEO Dan DiMicco. One of the most interesting comments comes from a group of inside salespeople who explain how in one week in December total orders were negative as […]

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European steel production and demand forecast 2009

February 6, 2009

We’re not a forecasting firm, we’re strategy consultants. But lately macroeconomic developments are at the forefront of everyone’s mind, for obvious reasons. So we’ve endeavored to keep you abreast of the latest forecasts and what they might mean for steel production and demand.  In this vein, I received the following question yesterday from one of […]

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