Steel Products Prices North America
NAFTA and non-NAFTA Exports Down Across the Board
Written by Brett Linton
December 12, 2013
Total U.S. steel exports for the first 10 months of 2013 were 10,871,857 net tons (NT), a 7.69 percent decrease from the 11,777,542 NT exported for the same period in 2012. NAFTA exports decreased slightly during that time frame by 173,983 NT or 1.86 percent. U.S. exports to non-NAFTA countries within the Western Hemisphere were 776,867 NT for 2013 YTD, down 25.82 percent from the same period last year. Steel exports also decreased for EU member countries as well as Africa and Asia ranging from 31 to 37 percent.
Below is a comparison of U.S. imports and exports for Canada, Mexico, China, Russia, Korea, and Brazil. Note that the net trade of imports minus exports is negative for Canada and Mexico (meaning that overall they receive more products from the U.S.), while it is a positive trade value for China, Russia, Korea, and Brazil (they export more the U.S. than they receive).
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 […]