• Skip to main content

    Prices

    April 1, 2014

    Final March Import Projection is for 3.484 Million Tons

    Written by John Packard

    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 Packard

    Latest in Prices

    CRU: Iron ore firms on surging costs

    After a brief dip last month, iron ore prices have resumed their upward trajectory as the war in the Middle East escalates. Elevated costs have established a new pricing norm, keeping iron ore prices firm even as current levels exceed what supply‑demand balance would justify. Meanwhile, Simandou is finally gaining momentum after a slow start. Quality remains the decisive factor for steelmakers sourcing from the seaborne market, reshaping trade flows.