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
Plate report: Prices getting closer to pre-Covid norms
The US plate market finds itself in unfamiliar territory, well maybe unfamiliar territory for this side of the post-Covid “normal,” that is.
SMU price ranges: Sheet momentum indicator shifts to neutral in mixed market
SMU’s steel price indices showed mixed signals for a second consecutive week. Our hot rolled, cold rolled, and plate price indices inched lower from last week, as the galvanized index held steady and Galvalume's ticked higher.
Nucor increases CSP, aims for $720/ton on HRC
Nucor has raised its weekly consumer spot price (CSP) by $10 per short for hot-rolled (HR) coil to $720/st.
Nucor inches HR price up, aims for $695/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $695 per short ton (st), up $5/st from last week.
Nucor maintains $690/ton HR base price
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil is unchanged from last week at $690/ton.