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    Steel Exports Reach 11 Month High in August

    Written by Brett Linton


    August steel exports totaled 812,010 net tons (736,644 metric tons), up 10.0 percent over July but down 1.7 percent from August 2015. This is the highest export level seen since August 2015, while last month we saw exports at a 7 month low (738,096 tons). Total August figures are above the thee month moving average (average of June, July, and August 2016 figures) and above the twelve month moving average (average of September 2015 through August 2016 data). Here is a breakdown of flat rolled and plate exports:

    Cut plate exports increased 2.4 percent from July to August to 103,175 tons, down 2.1 percent compared to levels one year prior.

    Brett Linton

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    Mills seek more scrap after lower prices fail to attract tons

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    Nucor increases spot HR to $1,240/ton

    Nucor said on Monday, Oct. 12, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,240 per short ton (st) this week, a $10/st increase from a week earlier. The CSP for HR coil from California Steel Industries (CSI) on the West Coast will be $1,305/st, up $15/st from the prior week. Nucor is still offering lead times of three to five weeks, according to the letter to customers. You can track mill price announcements on our website. Steel Market Update (SMU) published a weekly price assessment on Tuesday, Oct. 6, showing HR coil prices averaging $1,270/st, up $10/st from the previous week. We will update our prices on the evening of Tuesday, Oct. 13.