Steel Products Prices North America

June Import Licenses Continuing to Trend Lower
Written by John Packard
June 23, 2015
The U.S. Department of Commerce (USDOC) released the latest foreign steel import license data through the 23rd of June. Based on the latest data, the trend is for steel imports to continue to slide towards the magical 3.0 million net tons mark. Last week the data was suggesting imports would be about 3.2-3.3 million net tons. This week it is a little lower and we think when all the data shakes out that imports will be somewhere in the 3.0-3.3 million net ton mark.
June is looking to be well below the 3 month and 12 month moving averages. If the month comes in with a final number at, or about, 3.1 million net tons, that will be the lowest import volume since December 2013 at 2.5 million net tons. In June 2014 we imported 3.6 million net tons.
The item which is of concern is hot rolled coil which is trending at, or above, the 3 month and 12 month moving averages as well as above the April and May tonnage levels.
Galvanized, which had been trending well over 300,000 net tons took a bit of a breather in the newest data and is now under 300,000 net tons (but still way to high).
Galvalume is also below the previous two months but still way out of whack with the approximately 50-60,000 tons per month that used to come in on a monthly basis.
In the table below we are showing what the daily license import rate was for each of the past four months as of the fourth week of each month.

John Packard
Read more from John PackardLatest in Steel Products Prices North America

SMU Price Ranges: HR holds, galv slips amid competing market narratives
SMU’s sheet and plate prices see-sawed this week as hot-rolled (HR) coil prices held their ground while prices for galvanized product slipped.

Nucor carries $875/ton HR list price into week seven
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Oct. 6

SMU Price Ranges: A newsy week sees modest price gains despite a quiet spot market
Market participants predicted that prices should be at or near a bottom. But while most seemed to agree on that point, many also said they saw little upside given a quiet spot market and ongoing concerns about demand.

Nucor increases plate prices by $60/ton
Nucor aims to increase prices for steel plate by $60 per short ton with the opening of its November order book.

Nucor’s $875/ton HR spot price spills into week six
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Sept. 29.