Steel Products Prices North America
Steel Import Licenses Remain High for July
Written by John Packard
July 21, 2015
The U.S. Department of Commerce updated July license data as of 5 PM today (Tuesday, July 21st). At the moment, the license data is “suggesting” that July imports will exceed those of June (June had 22 days and July has 23 days) by 100,000 to 200,000 tons. The daily license request rate for July is 108,131 net tons while the rate for June at the same point in time during the month was 105,693 tons. The good news is the daily shipping rate for both June and July are well below the daily request rates of March (124,239 tons), April (121,561 tons) and May (117,150 tons).
Galvanized imports (coated products) continue to be trending over 300,000 net tons for the month of July. This is a very large number for the U.S. market to absorb. The same can be said for the Galvalume which is trending to exceed 100,000 tons for the month.
The top three exporting countries for galvanized (based on license data requests) during July are: China, India and Korea. We can expect these countries to drop dramatically by the end of August due to the dumping suit.
Galvalume exporters are: Korea and Taiwan. Both countries are involved in the dumping suit which includes Galvalume products.
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.