Professional Documents
Culture Documents
Locker Associates, 225 Broadway, Suite 2625 New York NY 10007 Tel: 212-962-2980
Table 2: U.S. Spot Prices for Selected Steel Products, November & Year-to-Date
Month of November Year-To-Date
($ per net ton) 2010 2009 % Chg 2010 2009 % Chg
Hot Rolled Sheet………….. 539 508 6.1% 602 469 28.4%
Cold Rolled Sheet......…….. 647 607 6.6% 712 559 27.3%
HD Galvanized Sheet..…… 696 610 14.1% 761 608 25.2%
Coiled Plate................…….. 575 554 3.8% 629 606 3.8%
Cold-Finished Bar (SBQ)….. 864 743 16.3% 847 794 6.7%
Wide-Flange Beams....…… 703 643 9.3% 718 712 0.9%
Wire Rod/Low Carbon.…… 605 564 7.3% 650 556 16.8%
Rebar.........................…….. 563 471 19.5% 571 501 13.8%
Average Spot Price+…….. $649 $588 10.5% $686 $601 14.2%
OCTG Seamless Tube…… 1,769 1,523 16.2% 1,748 1,718 1.7%
Scrap ($/gross ton)*....………. 350 235 48.9% 344 226 52.1%
Sources: Global Insight, Spears Research +Comp price of 8 carbon products *shredded bundles
-2-
Steel Industry Update/257
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.
-3-
Steel Industry Update/257
Seaborne Exports
Australia 117 125 124 137 134 134
USA 20 21 20 26 35 31
Canada 22 25 23 25 25 21
Other 16 29 24 23 23 13
Total 174 200 192 211 217 199
Source: Goldman Sachs October, 2010; in million tonnes
-4-
Steel Industry Update/257
-5-
Steel Industry Update/257
Graph 4: Iron Ore & Coking Coal % of Hot-rolled Coil Price, 1998-2011E
-6-
Steel Industry Update/257
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 N 89 93 97 04 05 07 08 09 O N D J F M A M J J A S O N
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 7.2 2010 64% 71% 73% 74% 75% 75% 72% 68% 70% 67%
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