Steel Products Prices North America
August Imports Trending Toward 2.8 Million Tons
Written by John Packard
August 16, 2016
Foreign steel imports are trending toward once again coming in above both the 3 month and 12 month moving average. The U.S. Department of Commerce released license data earlier today and, based on that information, we are on pace for a 2.8 million ton (net tons) month. This would be lower than the 3.2 million tons seen in July and about even with June data.
License data only provides an indication and can vary widely from the final numbers. So, the numbers shown in August in the chart below are based on the daily license rate and expanded to account for the entire month.
Slab imports, which are for the domestic steel mills, continue to be trending at more than 700,000 tons. We are seeing a drop in hot rolled which surged during the month of July to 300,000+ tons. All of the other flat rolled items appear to be in line with what was received in prior months.
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.