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    Apparent Steel Supply Rises in March

    Written by Brett Linton


    Apparent steel supply for March was 9,753,954 net tons, a 9.6 percent increase compared to the same month one year ago. This is due to an increase in domestic shipments and finished imports and a slight decrease in total US exports. The net trade balance between imports and exports was a surplus of 2,194,246 net tons in March, an increase of 49.2 percent from the same month last year. Finished imports took another 1.87 percent of domestic market share and for the month of March imported steel had 25.18 percent of the total market.

    Brett Linton

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    Mills seek more scrap after lower prices fail to attract tons

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    Nucor increases spot HR to $1,240/ton

    Nucor said on Monday, Oct. 12, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,240 per short ton (st) this week, a $10/st increase from a week earlier. The CSP for HR coil from California Steel Industries (CSI) on the West Coast will be $1,305/st, up $15/st from the prior week. Nucor is still offering lead times of three to five weeks, according to the letter to customers. You can track mill price announcements on our website. Steel Market Update (SMU) published a weekly price assessment on Tuesday, Oct. 6, showing HR coil prices averaging $1,270/st, up $10/st from the previous week. We will update our prices on the evening of Tuesday, Oct. 13.