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Keeping a finger on the pulse of the flat-rolled steel market with the latest steel news, prices, and industry updates
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Pricing
Steel Market Update produces weekly price assessments, news, and analysis of market trends affecting prices and sentiment on the US steel market.
Trends and Analysis
Sentiment, Inventories, Prices, and Key Market Indicators – everything you need to quickly adapt in the dynamic steel industry.
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Latest news
Final thoughts
Sometimes even in a bit of chaos there is complacency. And it seems that since March 2020, “a bit of chaos” has been the order of the day. That means in the world at large, and in steel specifically.
Leibowitz: The impact of new, harsher tariffs on China
The free market operates best when it is freest. But all governments intervene in markets in response to conditions that threaten peaceful progress.
President Biden decided last week that market intervention was justified. He approved a report from the US Trade Representative (USTR) that recommended continuing the “Section 301” tariffs on Chinese imports into the United States.
AISI: USMCA can handle US, Mexico trade dust-up
The USMCA should be strong enough to handle trade disagreements on steel between the US and Mexico, according to the American Iron and Steel Institute’s (AISI’s) Kevin Dempsey.
Steel cylinders from India face US import duties
Non-refillable steel cylinder imports from India are subject to new antidumping and countervailing duties (AD/CVD).
Housing starts increase in April but remain muted
US housing starts ticked up through April following March’s dip, according to the latest data release from the US Census Bureau.
Active rig count update through mid-May
Drilling activity ticked up in the US but declined in Canada during the week ended May 17, according to the latest release from Baker Hughes.
American Heavy Plates to expand Ohio processing operations
American Heavy Plates is planning an expansion of its processing operations in Ohio.
CRU aluminum: US announces tariffs, China eyes property recovery
President Biden announced an increase in tariffs this week on Chinese EVs, semiconductors, batteries, solar cells, steel, and aluminum.
HRC vs. prime scrap spread narrows in May
The spread between hot-rolled coil (HRC) and prime scrap prices narrowed this month, according to SMU’s most recent pricing data.
Reibus May logistics market update
Roughly halfway through Q2, flatbed rates are holding firm, currently showing no change from April to May and a slight increase quarter-over-quarter (q/q).
CRU: Falling steel prices limit demand for imports into US
The recent decline in US hot-rolled (HR) coil and longs prices has further restricted demand for imported material. Despite the decline in US sheet prices, CR coil and HDG imports remain attractive. While demand for imports of longs products has been limited, buyers have increased imports of wire products to avoid wire rods’ higher tariffs. […]
RMU: Summer supply crunch has scrap sentiment faltering
Earlier this month, steelmakers entered the scrap market at mixed pricing. The prevailing price for obsolescent grades fell $20 per gross ton (gt). However, some notable districts decided to only drop $10/gt.
Featured
Pricing
Interactive Pricing Tool
Chart steel and scrap prices against key indicators with our Interactive Pricing Tool.
wdt_ID | Product | Low | Avg | High |
---|---|---|---|---|
1 | HR | 725 | 775 | 825 |
2 | CR | 1,010 | 1,070 | 1,130 |
5 | GI | 1,000 | 1,070 | 1,140 |
6 | AZ | 1,040 | 1,090 | 1,140 |
7 | PL | 1,145 | 1,175 | 1,205 |