Apparent steel supply for December was 8,662,212 net tons (NT), a 4.14 percent increase compared to the same month one year ago. This was due to a slight increase in domestic shipments and a decrease in exports. The net trade balance from the difference between imports and exports was a surplus of 1,635,411 net tons in December, an increase of 9.27 percent from one year prior. The graphic below gives a full comparison of December 2012 and 2013 figures.
When compared to last month when apparent steel supply was at 8,592,683 NT, December supply is slightly higher by 0.81 percent. Total imports decreased 8.91 month-over-month, but domestic shipments decreased by 3.31 percent, leaving apparent steel supply ultimately the same.
On a year to date basis, all of the 2013 YTD figures are very close to what we saw during in 2012 and significantly higher than 2010 and 2011 figures. The graphic below gives a full comparison of the average monthly figures for the last 4 years.
Brett LintonRead more from Brett Linton
Latest in Steel Products Prices North America
SMU Price Ranges: Sheet Rebounds – Sustainable Rally or Dead-Cat Bounce?
Sheet prices rose this week on the heels of a price increase announced by Cleveland-Cliffs last week that was quietly followed by other mills.
Plate Report: Mills Hold the Line Despite Slowing Demand
US plate prices have been relatively flat this year, especially when compared to sheet products. Case in point; SMU's plate prices stands at $1,455 per ton ($72.75 per cwt) on average, down 7% from a $1,560 per ton peak in April. Our HRC price is at $645 per ton, down 44% from an April peak of $1,160 per ton.
Nucor Maintains Plate Prices
Nucor Corp. will keep plate prices unchanged with the opening of its November order book.
Most Mills Still Willing To Negotiate Lower Sheet and Plate Prices: SMU Survey
The overall steel mill negotiation rate remained level this week vs. two weeks earlier, but plate’s rate fell by 15 percentage points, according to SMU’s most recent survey data.
SMU Price Ranges: Sheet Declines Moderate – Meaning or Noise?
Hot-rolled coil prices were down again this week, continuing a streak of week-over-week (WoW) declines that began in early/mid-July.