Steel Products Prices North America

Correction: April Foreign Steel Import Trend
Written by John Packard
April 28, 2018
Our apologies. On Thursday we used inaccurate import license data and the article we wrote was totally incorrect.
Here is the corrected version with license data as of Wednesday, April 25.
April 2018 licenses are suggesting the month will end with 3.9 million net tons of foreign steel imports. Of those, almost 1 million net tons will be semi-finished steels with 2.9 million tons of finished steels.
Every single product is above its 12-month moving average (cut plate is at the average) and is also above the 3-month moving average.
We will have an updated article later this week based on the license data that is expected to be released on May 1.

John Packard
Read more from John PackardLatest 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.