Steel Products Prices North America

Steel Imports Not Affected by Government Shutdown
Written by John Packard
October 13, 2013
Steel Market Update (SMU) asked David Phelps, president of the American Institute for International Steel if there were any issues involving steel imports which our readers needed to be aware. He sent us an email with the following:
“…the Customs officials employed at the ports to process imports and exports are considered essential. The licensing program is not operating, but importers have been notified to send emails to a specific location during the interim. Not having a license is not a prohibition at this point to importing — but of course, the licenses are not due until the final paperwork is due, 10 days later. If folks have disputes as to classification, penalties, etc. those Customs officials are not working and so that part of the CBP is not operating. Line people, all working…On balance, nothing at the docks appears to be affected by the shutdown.”
John Packard
Read more from John PackardLatest in Steel Products Prices North America
Nucor lifts HR spot price by $10/ton
Nucor has raised its weekly spot list price on hot-rolled coil by $10 per short ton (st) after keeping it unchanged since Aug. 25.
Atlas Tube up $50/ton following NLMK USA sheet price hike
Atlas Tube, in a leading move, said it aims to increase prices for mechanical tubing, hollow structural sections (HSS), and piling products by at least $50 per short ton (st).
NLMK USA up $50/ton on HR and CR, up $100/ton on coated
NLMK USA plans to increase prices for hot-rolled and cold-rolled coil by at least $50 per short ton (st). The move is effective immediately for all spot orders, the steelmaker said in a letter to customers on Friday.
SMU Price Ranges: Sheet floor holds as market debates upside
Our average HR coil price increased $5/short ton from last week, marking a second consecutive week of modest gains. Market participants generally attributed the increase to...
Thin demand keeps plate prices hovering at lowest levels since February
Participants in the domestic plate market say spot prices appear to have hit the floor, and they continue to linger there. They say demand for steel remains thin, with plate products no exception.
