Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Locker Associates, 225 Broadway, Suite 2625 New York NY 10007 Tel: 212-962-2980
Table 2: U.S. Spot Prices for Selected Steel Products, October & Year-to-Date
Month of October Year-To-Date
($ per net ton) 2010 2009 % Chg 2010 2009 % Chg
Hot Rolled Sheet………….. 556 535 3.9% 609 465 30.9%
Cold Rolled Sheet......…….. 666 630 5.7% 718 554 29.6%
HD Galvanized Sheet..…… 726 645 12.6% 767 608 26.3%
Coiled Plate................…….. 575 587 -2.0% 634 611 3.8%
Cold-Finished Bar (SBQ)….. 884 777 13.8% 845 799 5.8%
Wide-Flange Beams....…… 705 653 8.0% 720 719 0.1%
Wire Rod/Low Carbon.…… 625 584 7.0% 654 555 17.8%
Rebar.........................…….. 565 517 9.3% 571 505 13.2%
Average Spot Price+…….. 663 616 7.6% 690 602 14.6%
OCTG Seamless Tube…… 1,781 1,478 20.5% 1,746 1,738 0.4%
Scrap ($/gross ton)*....………. 341 264 29.2% 343 225 52.4%
Sources: Global Insight, Spears Research +Comp price of 8 carbon products *shredded bundles
Steel Industry Update (ISSN 1063-4339) published 12 times/year by Locker Associates, Inc. Copyright © 2010 by Locker Associates Inc. All
rights reserved. Reproduction in any form forbidden w/o permission. Locker Associates, Inc., 225 Broadway Suite 2625 New York NY 10007.
-2-
Steel Industry Update/256
-3-
Steel Industry Update/256
-4-
Steel Industry Update/256
-5-
Steel Industry Update/256
Table 12: US Heavy Equipment Performance and Outlook, 3rd Quarter 2010
3q’10 3q’10 Investment
Company Earnings Revenues Plans Outlook
Agco Corp……… 461.3% 19.3 Yes Improving
Bucyrus Int’l*…… -15.7% 261.3 Yes Bullish
CNH Global NV... back in black 19.6 Yes Solid
Cummins, Inc….. 197.9% 34.4 Heavily Major growth
Paccar, Inc....….. 822.3% 31.0 Doubling Ramping up
Source: American Metal Market 11/1//10; *2010 results include acquisition of Terex Mining
-6-
Steel Industry Update/256
-7-
Steel Industry Update/256
SAIL’s Existing Plants, Posco’s Plans and Target Customer Base in India, October 2010
-8-
Steel Industry Update/256
Table 16: North American Service Center Industry Ranking, 2010p & 2009
2009 Sales Sales 2009 Stocking Square Primary
Rank Name 2010p ($mil) 2009 ($mil) Empl’s Locations Feet (000) Products
1. Reliance Steel & Aluminum n/a 5,320 9,000+ 220+ 23,300 C/A & SS
2. McJunkin Red Man n/a 3,660 3,650 245 n/a C/A & AL
3. Ryerson Inc. 3,800 3,070 4,060 100 9,100 C/A & SS
4. ThyssenKrupp Materials NA 2,400 2,100 3,000 77 5,100 C/A & SS
5. Samuel, Son & Co. LTD. 2,540 1,960 3,992 86 8,120 C/A & SS
6. O’Neal Steel n/a 1,730 2,540 70 4,141 C/A & SS
7. MACSteel Service Centers 1,900 1,600 3,300 80+ 40,000 C/A & SS
8. USA
Namasco Corp. n/a 1,200 1,131 30 n/a C/A & SS
9. Steel Technologies Inc. 1,400 1,200 1,400 30 3,350 C/A
10. Namasco Corp 1,500 1,195 1,300 23 2,700 C/A
11. Carpenter Technology Corp. n/a 1,190 n/a n/a n/a C/A & SS
12. Metals USA Holdings Corp. 1,300 1,100 1,723 38 4,600 C/A & SS
13. Worthington Steel Co. n/a 989 1,200 10 3,130 C/A & SS
14. Marmon/Keystone Corp. 920 850 1,410 48 4,900 C/A & SS
15. Alro Steel Corp. n/a 820 n/a 43 3,100 C/A & SS
16. Edgen Murray n/a 773 450 20 n/a C/A & SS
17. A.M. Castle & Co. n/a 726 1,576 33 3,400 C/A & SS
18. Kenwal Steel Corp. 880 720 450 6 1,200 C/A
19. Steel Warehouse Co. LLC 950 594 877 10 1,775 C/A
20. Coilplus Inc. 790 570 470 10 1,300 C/A
21. Olympic Steel Inc. n/a 523 1,057 16 2,009 C/A & SS
22. Central Steel & Wire Co. n/a 521 1,000 5 2,100 C/A & SS
23. Heidtman Steel Products Inc. 650 425 700 11 2,500 C/A
24. Triple-S Steel Holdings Inc. 480 390 500 8 2,000 C/A & AL
25. Majestic Steel USA Inc. n/a 354 200 1 450 C/A
26. Cargill Incorporated 400 300 210 8 1,000 C/A
26. Norfolk Iron & Metal 400 300 574 4 1,000 C/A
28. Trident Steel Corp. n/a 295 n/a 8 n/a C/A
29. Eaton Steel Bar Co. 350 250 275 5 700 C/A
30. Empire Resources Inc. n/a 246 80 10 1,000 C/A & AL
31. Kelly Pipe Co. LLC 260 225 250 49 n/a C/A & SS
32. Brown-Strauss Steel 250 220 200 7 275 C/A
33. McNeilus Steel Inc. 250 209 310 3 810 C/A & AL
34. Superior Supply & Steel 250 205 187 9 300 C/A & SS
35. Chicago Tube & Iron Co. 218 201 410 10 950 C/A & SS
36. Lapham-Hickey Steel Corp. 250 200 550 7 900 C/A & SS
37. New Star Metals Inc. 250 187 212 3 630 C/A
38. Mill Steel Co. 340 175 105 3 425 C/A
39. Misa Metals Inc. 207 171 200 5 626 C/A & SS
40. Esmark Steel Group 250 167 250 4 660 C/A &SS
41. Saginaw Pipe & Steel Co. 160 160 125 2 100 C/A
42. Liberty Steel Products 175 150 175 4 400 C/A & AL
43. Triad Metals International 182 149 103 3 480 C/A
44. Pacesetter Steel Service Inc. n/a 146 150 3 295 C/A
45. Eastern Metal Supply Inc. 163 145 320 7 691 AL
46. Contractors Steel Co. 190 142 300 5 1,100 C/A
47. Ranger Steel Services LP 200 140 23 4 750 C/A
48. McNichols Co. 138 136 316 17 573 C/A & SS
49. Tubular Steel Inc. 176 131 350 7 700 C/A & SS
50. Monarch Steel Co. Inc. 156 126 100 3 300 C/A
Total…..……………………… n/a 38,356 41,761+ 1,110+ 142,940+ --
Source: Metal Center News, September 2010
-9-
Steel Industry Update/256
800
950
CR Sheet CF Bar (SBQ)
700 850
600 750
HR Sheet Beam
650
500 Wire Rod
550
400
450
300
350
200 250
89 93 97 04 05 07 08 09 O N D J F M A M J J A S O 89 93 97 04 05 07 08 09 O N D J F M A M J J A S O
8.0 80%
7.0 70%
6.0 60%
5.0 50%
4.0 40%
3.0 30%
J F M A M J J A S O N D J F M A M J J A S O N D
2010 6.9 6.9 7.8 7.7 8.0 7.8 7.5 7.3 7.3 2010 64% 71% 73% 74% 75% 75% 72% 68% 70%
2009 4.5 4.4 4.4 4.2 4.5 4.8 5.6 6.1 6.4 6.6 6.3 6.5 2009 43% 46% 43% 41% 43% 47% 52% 58% 62% 62% 61% 61%
MAJOR CLIENTS
United Steelworkers Air Line Pilots Association/Delta Air Lines MEC
Bank of Boston Sharpsville Quality Products
Congress Financial IPSCO
Santander Investment Securities International Association of Machinists
AEIF-IAM/AK Steel Middletown CSEA/AFSCME
Prudential Securities United Auto Workers
US Steel Joint Labor-Mgmt Comm Service Employees International Union
LTV Steel Joint Labor-Mgmt Committee American Fed of Television & Radio Artists
Int’l Union of Electrical Workers Supervalu
Bethlehem Joint Labor-Mgmt Comm United Mine Workers
Inland Steel Joint Labor-Mgmt Comm Algoma Steel
Northwestern Steel and Wire North American Refractories
Boilermakers UNITE/HERE
American Federation of Musicians AFL-CIO George Meany Center
USS/KOBE Watermill Ventures
Sysco Food Services of San Francisco Wheeling-Pittsburgh Steel
International Brotherhood of Teamsters Canadian Steel Trade & Employment Congress
Development Bank of South Africa Minn Gov's Task Force on Mining
J&L Structural Steel Special Metals
RECENT PROJECTS
• Business Plan for High-Tech Startup (2009-present): drafted detailed business plan to
raise capital and promote a new hydrogen battery technology
• IBT-Supervalu (2010): assist union and management to identify major operational problems
impacting warehouse performance and provide recommendations for joint improvement
• Institute of Scrap Recycling Industries (2010): presented a status report on the U.S. steel
market before the Institute of Scrap Recycling Industries Commodities roundtable
• Save the World Air-Marketing (2009-present): developed a marketing plan to help drive
sales of a green technology product, ELEKTRA, an electronic fuel device for trucks that
increases fuel economy (mpg's), reduces exhaust emissions and improves engine performance