Steel Products Prices North America

Flat Rolled Steel Imports Up 62% in 2Q 2014
Written by Peter Wright
August 9, 2014
Total shipments of sheet and strip products including hot rolled, cold rolled and all coated products were down by 0.6 percent year to date (YTD) compared to the first half of 2013. In the second quarter of 2014 compared to the first quarter, the total tonnage was down by 0.7 percent and comparing Q2 2014 with Q2 2013 tonnage was down by 0.6 percent. Comparing YTD shipments for 2014 and 2013 for individual products, hot band was up by 1.6 percent and HDG by 1.4 percent. Cold rolled was down by 2.5 percent, electro-galvanized by 13 percent and other metallic coated, (mainly Galvalume) by 23.9 percent, (Table 1). In the 2nd quarter total sheet product imports were up by 62 percent year over year which has clearly absorbed all of the market’s strength and then some.
The effect of imports can be seen by comparing, Figure 1 which describes mill shipments over six years for hot rolled, cold rolled and HDG with Figure 2 which shows total supply to the market of the same products.
Following the post-recession recovery, shipments of hot rolled have been trending in a range for three years. Shipments of hot dipped galvanized sheet and strip declined strongly in Q2 through Q4 2012 and have leveled off in 2014. Cold rolled shipments have shown little direction for eighteen months. This analysis is based on shipments to domestic locations plus exports and uses the AISI AIS10 monthly report and Commerce Department trade data.

Peter Wright
Read more from Peter WrightLatest in Steel Products Prices North America

SMU price ranges: Flat-rolled balloon continues to leak
Sheet and plate prices were flat or lower again this week on continued concerns about demand and higher production rates among US mills.

HRC vs. busheling spread narrows in August
The price spread between prime scrap and hot-rolled coil (HRC) narrowed in August, according to SMU’s most recent pricing data.

SMU Price Ranges: Market drifts lower still
All five of SMU's steel sheet and plate price indices declined this week, falling to lows last seen in February.

Discontentment brews in plate market with flat, status-quo pricing
Sources in the carbon and alloy steel plate market said they are less discouraged by market uncertainty resulting from tariffs or foreign relations, but are instead, eager to see disruption to the flat pricing environment.

Nucor lowers HR coil spot price by $15/ton
Nucor has implemented a double-digit price decrease on spot hot-rolled (HR) coil for the second consecutive week.