Steel Products Prices North America
March Domestic Mill Steel Exports Down 13.5% YOY
Written by Brett Linton
May 10, 2016
March steel exports totaled 775,270 net tons (703,314 metric tons), down 0.5 percent over February and down 13.5 percent from March 2015. Total March figures are below both the thee month moving average (3MMA, average of January 2016 through March 2016 figures) and the twelve month moving average (12MMA, average of April 2015 through March 2016 data). Here is a breakdown of flat rolled and plate exports:
Cut plate exports increased 11.3 percent from February to March to 104,207 tons, but were down 9.0 percent compared to levels one year prior.
Exports of coiled plate were 30,483 tons in March, down 6.7 percent month over month but up 3.8 percent year over year.
Hot rolled steel exports decreased 17.9 percent month over month to 53,664 tons, but were up 1.6 percent from March 2015 levels.
Exports of cold rolled products were 57,247 tons in March, down 8.4 from February and down 3.9 over the same month last year.
Galvanized exports rose 8.1 percent month over month to 117,471 tons. Compared to one year ago, March levels were up 8.7 percent.
Exports of all other metallic coated products came in at 21,673 tons, a 24.8 percent increase from last month but a 8.9 percent decrease compared to one year ago.
An interactive graphic of our Steel Exports history by product is available on our website here. If you need any assistance logging in or navigating the website, contact us at info@SteelMarketUpdate.com or 800-432-3475.
Brett Linton
Read more from Brett LintonLatest in Steel Products Prices North America
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 […]
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.
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).
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.
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 […]