Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/b9d53af214c57fe59dd514049a7b1562.jpg)
US Scrap Exports Down 23.5% During 1st Half 2014
Written by Peter Wright
August 12, 2014
In the 1st half of 2014, scrap exports totaled 7,580,485 metric tons, down by 23.5 percent from the 1st half of 2013. In the single month of June exports were 1,270,041 tons, down from May’s volume of 1.549,070 tons. May had by far the highest tonnage of the year, the June volume was in line with February, March and April. Figure 1 shows that the three month moving average, declined by 1.4 percent in June and continued to be lower than the average in any year from 2007 through 2013.
The most obvious trend so far this year is the decline in tonnage to South Korea, down by 67 percent since January. Korea booked three cargoes in the first week of July after weeks of refusing to meet offered prices. The July price was up $8 per metric ton identical to the increase Thailand paid for a cargo of 80:20 #1 #2 heavy melt.
YTD 2014 compared to the same period in 2013, the Far East as a whole is down by 17.3 percent and China is down by 57.9 percent. On the same basis Turkey’s tonnage is down by 34.6 percent, almost a million tons. Other nations not considered in this analysis because they have been historically minor purchasers were down in total by almost 400,000 tons YTD. Some nations have taken more tonnage this year than last, Indonesia is up by 171,000 tons, Mexico by 122,000 tonnes, Vietnam and Thailand both by 91,000 tons. Tonnage moving North over the Canadian border is almost unchanged from last year.
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 by $15.37 to $363.70 between, June 16th and August 11th. The West Coast price was $344.99 on August 11th down by $9.58 since June 16th. The East Coast price has been higher than the West Coast since July 21st and the gap has been widening.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/peter-wright.png)
Peter Wright
Read more from Peter WrightLatest 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 […]