Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/13e5f342406151e0de1a1cca53fbdba9.jpg)
Iron Ore Spot Prices Reach $100
Written by John Packard
May 17, 2014
Steel Market Update was advised on Friday from one of our iron ore and steel trading sources in Asia that the Chinese export markets are in turmoil as spot iron ore prices drop, domestic (China) steel prices are dropping and export offers are being hit as well. On Friday of this past week The Steel Index reported 62% Fe iron ore fines as being $100.7/dmt (dry metric ton).
Our trading source provided the following information:
“Steel prices are now being held as Ore was HAMMERED today and we are now at USD100/mt CNF FO for 62% Ore on Index and bids BELOW this USD100/mt level!
We had HRC at USD530/mt FOB ST. LSD for 2.00mm and up in S235/S275/S355JR for EU which is the Min. Yield (i.e. 235N/mm2….), and Silicon Controlled to 0.03%, and today with the Forex draining from 1.40 to 1.356, no business can be done, and the mills asked if we can try USD510/mt… It is very unstable now John and the prices that I could give you are no longer valid now as the mills are dropping levels and it may be best to try again on Monday when I know all the new levels.”
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/john-packard.png)
John Packard
Read more from John PackardLatest in Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/CRU-Logo-2023-07-21-at-4.35.41-PM.png)
CRU: Longs pricing trends diverge in North, South America
Most longs prices in the US were unchanged this month, except for rebar, which declined by $1.50/cwt ($30/short ton) m/m. While end-use demand is stable, inventories are well-stocked, keeping purchases limited. Domestic availability is sufficient to meet current demand, hindering the appetite for imported material. Meanwhile, prices for scrap remained under pressure in June, with […]
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor cuts plate prices by $125/ton, cites ongoing competition
Nucor Corp. announced that its plate mill group would cut prices for as-rolled, discrete, and normalized plate with the opening of its August order book.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor cuts HR price for fourth straight week
Nucor lowered its consumer spot price (CSP) for hot-rolled (HR) coil by another $10 per short ton (st) for the first week of July. The steelmaker said in a letter to customers on Monday that its CSP base price for the week will be $670/st for all of its sheet mills with the exception of California Steel Industries (CSI).
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Cliffs_logo2.2.png)
Cliffs sets $720/ton HR price with opening of August books
Cleveland-Cliffs on Tuesday announced its monthly hot-rolled (HR) coil price of $720 per short ton (st) with the official opening of its August order book. The rate is down from last month’s price of $800/st.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/CRU-Logo-2023-07-21-at-4.35.41-PM.png)
CRU: Demand weakness continues to weigh on global sheet markets
Demand has remained persistently weak across the globe for sheet steel, weighing on prices. US HR coil prices fell the furthest this week as high-volume, low-priced deals were transacted as mills looked to fill order books and competed with one another amid relative demand weakness. Meanwhile, European prices were also down due to low demand […]