Steel Products Prices North America
Uttam Pauses Shipments to U.S. Due to 232
Written by Tim Triplett
June 15, 2017
Uttam Galva North America, Inc. (UGNA), a supplier of cold rolled and galvanized steels, tells SMU it has temporarily suspended taking new orders in the United States for its mill in India in reaction to the Section 232 investigation.
“For the last few weeks, we have stayed on the sidelines while 232 is being analyzed and our trade counsel prepare for a potential first AD/CVD review this summer. That’s a matter of minimizing the risk profile. We anticipate taking new orders for August shipment in due course,” said a company spokesman. Two inbound shipments currently on the water will be delivered to customers.
UGNA is committed to the U.S. market and supplying light-gauge steel products that are not readily available from U.S. producers. “Uttam’s strategy has always been one to complement the available product range rather than to displace domestic steel production,” the spokesman said.
UGNA’s relationship with Jindal Steel is unchanged. “JSW is a valued hot rolled coil supplier to Uttam, which has been this way for many years,” the spokesman added.
Tim Triplett
Read more from Tim TriplettLatest 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.