• Skip to main content

    Prices

    April 11, 2017

    US Steel Exports Highest Since June 2015

    Written by Brett Linton

    February 2017 steel exports totaled 827,559 net tons (750,750 metric tons), up 1.1 percent over January and up 6.2 percent from February 2016. This is the highest export level seen since June 2015 when 885,190 tons were exported out of the US. The total February export figure is above the three month moving average (average of December 2016, January 2017, and February 2017) and above the twelve month moving average (average of March 2016 through February 2017). Here is a breakdown of flat rolled and plate exports:

    Cut plate exports decreased 20.9 percent from January to February to 86,451 tons, down 7.6 percent compared to levels one year ago.

    Brett Linton

    Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

    Read more from Brett Linton

    Latest in Prices

    Mills seek more scrap after lower prices fail to attract tons

    Several mills that bought October scrap early last week are still asking for additional supplies, scrap market participants said. The reason: the mills' initial prices did not attract enough of the raw material, they said. A trading source based in northern Ohio said three mills have contacted his firm seeking offers for additional tons. He said the mills asked for offers even if prices were higher than their original buys last week.

    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.