Steel Products Prices North America
July Steel Imports 200,000 Tons Higher than June
Written by John Packard
August 4, 2015
The U.S. Department of Commerce updated license data for foreign steel imports for the month of July. Based on the just released data it appears July imports will be approximately 200,000 net tons higher than what was received during the month of June. However, when looking at imports from a 3 month moving average and 12 month moving average, July’s tonnage will be below both.
We saw increases in semi-finished (slabs) compared to June. Semi-finished imports are almost always imported by the domestic steel mills.
Cold rolled imports continue to be quite strong exceeding 200,000 net tons. China was by far the largest exporter of cold rolled at 68,000+net tons. Canada was a distant second with 25,882 net tons.
Galvanized is another product which is at very high levels. GI import licenses exceed the 12 month moving average and are just below the 3 month moving average. If the numbers stand when the final tally is made galvanized imports will be 36,000 tons higher than the month of June (or about what Sharon Coatings is producing in a month…).
Other metallic, of which the vast majority is Galvalume or zinc-aluminum coated steel, is about the same as June and slightly below both the 3MMA and 12MMA.
The numbers do not suggest that inventories will be going down by significant amounts during the month of July.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
SMU price ranges: Sheet down broadly, HR $35/t lower
Sheet prices fell across the board this week – largely in response to Nucor’s $65-per-short-ton price cut for hot-rolled (HR) coil on Monday morning. SMU’s HR coil price is $780/st on average, a $35/st decrease week over week (w/w). Our average cold-rolled coil price is $1,090/st (down $30/st w/w). Our galvanized base price is $1,100/st […]
Nucor surprises with $65/ton price drop for HRC
Nucor started off May with a bang, dropping its weekly base spot price for hot-rolled (HR) coil by $65 per short ton (st) this week.
Nucor drops weekly HR coil price by $10/ton
Nucor lowered its weekly base spot price for hot-rolled (HR) coil by $10 per short ton (st) this week.
Nucor holds HR price steady this week
Nucor is holding its hot-rolled (HR) coil consumer spot price (CSP) flat this week.
SMU price ranges: Sheet, plate largely unchanged
Sheet prices varied this week. While hot-rolled (HR) coil pricing was largely flat, cold-rolled (CR) coil and tandem product pricing eased slightly reflecting the momentum shift seen last week for HR coil. SMU’s average HR coil price was flat from last week at $835 per short ton (st) – potentially emphasizing the tension between competing […]