Steel Products Prices North America

US DOC Reports June Imports at 2.6 Million Tons
Written by John Packard
July 28, 2016
On Wednesday of this week the U.S. Department of Commerce reported Preliminary Census data on imports of foreign steel for the month of June 2016. The data is initially released in metric tons which Steel Market Update has converted to net tons for our readers. Imports in June totaled 2.630,373 net tons which are down from the 2,876,358 net tons received in May.
Semi-finished imports, which are mostly slabs (and some billet) going to the domestic steel mills, were down significantly during the month of June coming in at 404,393 net tons. These lower tons was the main reason for the reduction in tons between May and June.
The products shipped to the United States were led by: semi-finished, galvanized, hot rolled, reinforcing bars, cold rolled, wire rods and line pipe.
During the month of June the largest exporters of steel to the United States were (in order of volume):
Canada, South Korea, Russia, Mexico, Brazil, Turkey, Japan and Germany.

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

Domestic plate prices could heat up despite so-so demand, market sources say
Some sources also speculated that plate could see further price increases thanks to modest but steady demand, lower imports, mill maintenance outages, and end markets less immediately affected by tariff-related disruptions.

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.