Steel Products Prices North America

February Foreign Steel Import Trend Now at 2.5 Million Tons
Written by Brett Linton
February 21, 2018
Foreign steel import licenses picked up over the past week and the February trend moved up to 2.5 million net tons from the low 2-million-ton level suggested last week. The trend is very similar to what we saw during the month of December when the U.S. imported 2,450,286 net tons.
Our focus, however, is on those items that are important to flat rolled and plate steels. Semi-finished is trending toward just below 500,000 net tons. Finished steel imports are trending toward two million tons.
We continue to see hot rolled trending well below both their 3-month and 12-month moving averages. We are also seeing OCTG, which had been trending higher over the past few months due to the strength in the energy business which is where OCTG is used.
Both cut and coiled plate imports are trending lower than December levels as well as their 3-month and 12-month moving averages. Galvanized and cold rolled are also trending lower than December and both 3-month and 12-month moving averages.
The only product where we are seeing a little “blip” is Galvalume which is trending toward 70,000 net tons which is above the 3-month moving average and well above the 39,000 ton level received in December.

Brett Linton
Read more from Brett LintonLatest in Steel Products Prices North America

Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.

SMU Price Ranges: Some predict bottom is near as big discounts dry up
Sheet prices were mixed this week as some mills continued to offer significant discounts to larger buyers while others have shifted toward being more disciplined, market participants said.

SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.

Nucor spot HR list price unchanged at $875/ton
Nucor kept its weekly list price for hot-rolled (HR) coil unchanged this week, following a price bump of $10 per short ton (st) last week.

SMU price ranges: Flat-rolled balloon continues to leak
Sheet and plate prices were flat or lower again this week on continued concerns about demand and higher production rates among US mills.