Steel Products Prices North America
Prepainted Flat Rolled Imports Up in October
Written by Brett Linton
December 10, 2013
Prepainted flat rolled imports increased in October over August for all products followed by SMU, especially for galvanized and electro-galvanized. Compared to the same month one year ago, prepainted imports in October significantly increased for all products.
As you can see by our table below – prepainted cold rolled (CR) imports increased by 376 NT or 8.4 percent from August to October and remained above both the 3-month and 12-month moving averages calculated through October. Compared to levels one year ago, prepainted CR imports were up 822 NT or 20.3 percent.
Prepainted galvanized (GI) imports increased by 11,242 NT or 100.2 percent month-over-month. They are now above both the 3-month and 12-month moving averages. Compared to one year ago, prepainted GI imports were up 13,907 NT or 162.5 percent.
Prepainted electro-galvanized (EG) imports increased by 3,124 NT or 824.3 percent month-over-month. They were above both the 3-month and 12-month moving averages. Compared to one year ago, prepainted EG imports were up 3,421 NT or 4172.0 percent. Note that prepainted EG imports are much smaller than the other products in this comparison, and fluctuations in imports from China tend to skew the figures from month to month.
Prepainted Galvalume (AZ) imports increased by 5,480 NT or 69.9 percent over last month. They were above both the 3-month and 12-month moving averages. Tonnage imported in October was up 4,617 NT or 53.0 percent over the same month one year ago.
Brett Linton
Read more from Brett LintonLatest in Steel Products Prices North America
CRU: Longs pricing trends diverge in North, South America
Most longs prices in the US were unchanged this month, except for rebar, which declined by $1.50/cwt ($30/short ton) m/m. While end-use demand is stable, inventories are well-stocked, keeping purchases limited. Domestic availability is sufficient to meet current demand, hindering the appetite for imported material. Meanwhile, prices for scrap remained under pressure in June, with […]
Nucor cuts plate prices by $125/ton, cites ongoing competition
Nucor Corp. announced that its plate mill group would cut prices for as-rolled, discrete, and normalized plate with the opening of its August order book.
Nucor cuts HR price for fourth straight week
Nucor lowered its consumer spot price (CSP) for hot-rolled (HR) coil by another $10 per short ton (st) for the first week of July. The steelmaker said in a letter to customers on Monday that its CSP base price for the week will be $670/st for all of its sheet mills with the exception of California Steel Industries (CSI).
Cliffs sets $720/ton HR price with opening of August books
Cleveland-Cliffs on Tuesday announced its monthly hot-rolled (HR) coil price of $720 per short ton (st) with the official opening of its August order book. The rate is down from last month’s price of $800/st.
CRU: Demand weakness continues to weigh on global sheet markets
Demand has remained persistently weak across the globe for sheet steel, weighing on prices. US HR coil prices fell the furthest this week as high-volume, low-priced deals were transacted as mills looked to fill order books and competed with one another amid relative demand weakness. Meanwhile, European prices were also down due to low demand […]