Prices
October 10, 2016
Written by Brett Linton
The following report on steel exports is from the American Institute for International Steel (AIIS). We thought our readers would enjoy looking at exports from a different perspective:
Falls Church, VA. October 11, 2016. Steel exports jumped 10 percent from July to August, nearly returning to their level of a year earlier.
Nucor said on Thursday evening it plans to increase plate prices by $60 per short ton (st) as it opens its November order book.
Sheet and plate prices continued to inch higher on a combination of scarce spot tons, long lead times, lean inventories, and stable demand.
Nucor said its consumer spot price for hot-rolled coil will be $1,220 per short ton (st) for the week of Sept. 28. That's a 10/st increase from a week earlier.
US sheet buyers have grappled with supply scarcity in both the spot and contract markets throughout 2026. Now the supply squeeze is spilling over into 2027, according to market participants.
Recycler forward expectations swung toward oversupply in September as inventory drawdowns eased and export demand lost August’s improving responses.