Insight
Is US’ steel bonanza in final countdown?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
More than a year has passed since the coronavirus crisis took US’ steelmaking industry to one of its ugliest times in history. Back in April 2020, production fell to the lowest monthly level in more than 10 years while HRC prices plummeted to levels last seen in 2015. Now we see ourselves in July 2021 where HRC prices have more than tripled from the lows of last year and some steelmakers are arguably making margins north of 150%. With such a swift bear to bull reversal and all the current thrill surrounding the steel sector, a few pivotal questions deserve our attention. What is behind the new bonanza time? Should we expect a sharp correction anytime soon? Can any bipartisan infrastructure bill represent a game changer for the industry?
Table of contents
- #1: What is behind the new bonanza time?
- #2: Should we expect a sharp correction anytime soon?
- #3: Can any bipartisan infrastructure bill flip the dull outlook?
Tables and charts
This report includes the following images and tables:
- Personal consumption and mortgage rates
- IP for selected steel key leading indicators
- US steel demand by sector
- US steel and scrap prices
- Infrastructure proposals capital expenditure and associated steel intensity
What's included
This report contains:
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