Steel Products Prices North America

Scrap Exports from the US through April
Written by Peter Wright
June 11, 2014
Year to date steel scrap exports through April are down by 25.2 percent from the same period last year. Total YTD was 4,761,374 metric tonnes a decline of 1,603,386 tonnes. Figure 1 shows that the three month moving average (3MMA) picked up in April but was still below the monthly average of all years back through 2007.
Turkey and Taiwan were partly responsible for the uptick with increases of 24 percent and 15 percent respectively in the 3MMA through April compared to 3MMA through March. On the same basis there was also a 19 percent increase in shipments to other nations not considered in this analysis because they have been historically minor purchasers, YTD Kuwait and Pakistan have purchased 228,367 and 132,913 tons respectively. Tonnage shipped to South Korea has been declining all year and China’s purchases have been minimal. Exports to the Far East in total were down by 12.3 percent YTD through April compared to the same period in 2013.
Scrap export prices are reported by the AMM every Tuesday for an 80:20 mix of #1 and #2 heavy melt in Dollars per tonne FOB New York and Los Angeles for bulk tonnage sales. Prices on the East coast recovered strongly between, February 24th and April 28th then declined to 350.93 on June 9th. The West coast price at $354.57 is now higher than the East coast for the first time since March 17th.
 
			    			
			    		Peter Wright
Read more from Peter WrightLatest in Steel Products Prices North America
 
		                                September Import Share of US Sheet and Plate Markets
Imported sheet and plate products arrived at US ports at a slower clip in September, accounting for a lower share of the domestic market for the third straight month. That’s according to a Steel Market Update analysis of import data from the US Commerce Department and domestic shipment figures from the American Iron and Steel […]
 
		                                US Apparent Steel Supply Falls Further in September
US apparent steel supply eased further in September, down 8% from August to 8.29 million net tons, according to data from the US Department of Commerce and the American Iron and Steel Institute (AISI). As the lowest monthly figure since February 2021, this was a 19-month low. September supply was 10% below the average monthly rate […]
 
		                                Northwest Pipe Reports Sharply Higher Q3 Results
Engineered pipe and tube producer Northwest Pipe Co. posted sharply higher profits for the third quarter ended Sept. 30. The Vancouver, Wash.-based company said the boost was driven by strong demand and increasing backlogs from its engineered pipeline systems and precast products, according to earnings data released on Tuesday, Nov. 8 All told, Northwest Pipe posted net […]
 
		                                SMU Price Ranges: Flat-Rolled Steel Falls (Yet Again)
Sheet prices fell across the board again this week as the slow grind lower that we’ve seen since last spring continued to gain speed. Hot-rolled coil prices fell $30 per ton ($1.50 per cwt) week-over-week. Declines in coated products were more pronounced, with cold rolled down $55 per ton, galvanized down $35 per ton, and […]
 
		                                US Steel Exports Slip 10% in September
US steel export volumes shrunk 10% from August to September, according to the latest US Commerce Department data. 723,000 net tons of steel products exited the country during the month, now the fourth-lowest monthly export rate over the past year and a half. Recall that exports levels in August were at the third-highest monthly rate […]

