Steel Products Prices North America

Ice Breakers Still Working to Clear Great Lakes
Written by Ryan Packard
April 10, 2014
Ice conditions for the Great Lakes are still pretty severe, particularly for Lake Superior with 83.2 percent of the surface still frozen according to analysis reports from the Great Lakes Environmental Research Laboratory. Total ice coverage on the Lakes as of April 9 is 58.6 percent. With shipping season officially underway in the St. Mary’s River, it will be about two weeks until iron ore freighters can cross Lake Superior-Huron without the assistance of icebreakers, according to Mark Gill, director of vessel traffic service for the U.S. Coast Guard in Sault Ste. Marie.
An ice breaker is due to begin ice breaking operations April 13 – April 20 in Georgian Bay, working its way through Owen Sound, Midland and Whitefish River.
This excessive ice coverage prevents ships from delivering iron ore from the Minnesota Iron Range to Northwest Indiana mills like Gary Works, which has caused the Indiana mill to slow production.
Coast Guard ships USCGC Mackinaw and CCGS Pierre Radisson, powerful icebreakers, are leading a convoy of five empty freighters across Lake Superior to Duluth and Two Harbors, Minn. Glen G. Nekvasil, Vice President of Lake Carriers Association, told SMU that after loading the ships will be escorted back through the icy waters of Superior to their next destination. At this time there are no iron ore loads headed towards the mills.
Ryan Packard
Read more from Ryan PackardLatest in Steel Products Prices North America
SMU Price Ranges: Sheet Slips Again on Strike, But Is a Bottom in Sight?
Sheet prices slipped again this week on news of the United Auto Workers (UAW) strike and continued caution among some consumers.
HRC vs. Galv Price Spread Widened This Summer
The spread between hot-rolled coil (HRC) and galvanized sheet base prices widened throughout the summer as hot rolled prices declined faster than those of galvanized.
SMU Price Ranges: Sheet Slips Again on UAW Strike Fears
Sheet prices fell across the board ahead of what many market participants predict will be a strike by the United Auto Workers (UAW) later this week.

Nucor Lowers Plate Prices by $40/t
Nucor Corp. will lower plate prices by $40 per ton ($2 per cwt) with the opening of its October order book.
SMU Price Ranges: Sheet Prices Move Lower, No Bottom Yet
Sheet prices have fallen this week, after a small pause last week when prices saw mixed results. Tags have now been largely trending lower since July.