Steel Products Prices North America
Foreign Steel Imports Trending Toward 3.5 Million Tons
Written by John Packard
June 1, 2017
As the month of May comes to a close we are seeing import license data from the U.S. Department of Commerce suggesting foreign steel imports of 3.5 million net tons. This would be 200,000 tons higher than April and 100,000 tons above March – both of which we extremely high months for imports based on what we have seen since the AD/CVD trade suits were filed in 2015.
As reported earlier in May the biggest line item was semi-finished steel imports which are going directly to the domestic steel mills. Semi’s appear poised to be 200,000-300,000 tons greater than both the 12-month moving average as well as the 3-month average.
Hot rolled imports are muted while galvanized imports are trending toward another 300,000 ton month.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
HRC vs. prime scrap spread widens in June
The price spread between HRC and prime scrap widened in June.
SMU price ranges: Steel prices rise in response to tariffs
Steel prices climbed for a second straight week across all five sheet and plate products tracked by SMU.
Nucor lifts list price for spot HRC by $20/ton
The $20/short ton increase applies to all of the steelmaker’s sheet mills, including West Coast joint-venture subsidiary CSI.
Nucor pauses month-long slide in weekly HR price
Nucor halted a four-week decline in its spot price for hot-rolled coil this week, maintaining its weekly consumer spot price (CSP) at $870/st.
Nucor lowers HRC by $10/ton in fourth straight cut
Nucor has lowered its consumer spot price (CSP) for hot-rolled coil by $10 per short ton (st), marking the fourth consecutive weekly decrease.