Steel Products Prices North America
September Foreign Steel Import Trend is 1 Million Tons Less than 3MMA
Written by John Packard
September 13, 2017
The U.S. Department of Commerce updated foreign steel license data on Tuesday. Based on data through the first 12 days of September, foreign steel imports are trending toward a 2.6 million net ton month. If the numbers hold, the 2.6 million tons would be one million tons lower than the three-month moving average, which is currently at 3.6 million tons.
We are seeing a big reduction in slabs, hot rolled, cold rolled, galvanized and plate products. The trend is for OCTG (oil country tubular goods) and other metallic (mostly Galvalume) to see continued high import levels on both products.
To get a better feel of how license data for September compares with prior months, see the table below. The license data below was collected between the 9th and 15th days of each respective 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.