Steel Products Prices North America
December Foreign Steel Imports Trending to Low 2 Million Net Tons
Written by John Packard
December 29, 2015
The US Department of Commerce released the latest license data regarding foreign steel imports into the United States for the month of December 2015. Based on licenses data December is trending toward the low 2 million net tons to as much as 2.6 million net tons. However, we have noticed that the trend recently has been for license data to overstate the monthly totals by 200,000-300,000 net tons. A good example is November 2015 which had licenses for 2.7 million net tons and the month actually came in at 2,350,942 net tons.
We are of the opinion that December will be the same to slightly lower than November as the daily license data rate is well below that of November, as you can see by the table below.
Here is what the license data is telling us:
John Packard
Read more from John PackardLatest in Steel Products Prices North America
Nucor maintains plate prices, opens August order book
Nucor aims to keep plate prices flat again with the opening of its August order book.
Nucor CSP remains level at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.
Cliffs raises prices, seeks $950/ton for July spot HR
Cleveland-Cliffs plans to increase prices for hot-rolled (HR) coil to $950 per short ton (st) with the opening of its July spot order book. The Cleveland-based steelmaker said the price hike was effective immediately in a letter to customers dated Monday.
HRC vs. prime scrap spread widens in June
The price spread between HRC and prime scrap widened in June.
SMU price ranges: Steel prices rise in response to tariffs
Steel prices climbed for a second straight week across all five sheet and plate products tracked by SMU.