Steel Products Prices North America
Final March Import Projection is for 3.484 Million Tons
Written by John Packard
April 1, 2014
Steel Market Update has been projecting 3.5 million tons of total steel products as the target number for the month of March based on US DOC license data. The license numbers were updated again today (April 1st) and we continue to believe we will be quite close to the 3.5 million ton mark when the final census numbers are released.
Below is our analysis of semi-finished, OCTG, hot rolled, coiled plate, cold rolled, galvanized, Galvalume and cut plate.
The second table (shown below) shows the 12 month moving average (12MMA) as well as the 3 month moving average along with January and February import numbers. This will provide a good point of reference as you look at each item independently from the totals.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
SMU Price Ranges: HR slips, hopes for Q4 rebound still standing
SMU’s price ranges were mixed again this week as the market continues to seek a floor amid industry hopes for a Q4 rebound.
Nucor’s hot band list price holds at $875/ton
Nucor held its hot-rolled coil list price flat again this week, according to its Monday, Sept. 15 consumer spot price (CSP) notice.
Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.
SMU Price Ranges: Some predict bottom is near as big discounts dry up
Sheet prices were mixed this week as some mills continued to offer significant discounts to larger buyers while others have shifted toward being more disciplined, market participants said.
SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.