Steel Products Prices North America

Final February Imports at 2.4M Tons; March and April Up
Written by Brett Linton
April 25, 2019
Final February steel import data was recently released by the U.S. Department of Commerce, putting the total monthly import level at 2.4 million net tons, down 30.1 percent compared to January’s 3.5 million ton high. The February figure is below both the three-month moving average (3MMA) and the 12-month moving average (12MMA).
When removing the semi-finished products from the mix (680,000 tons), the finished steel import levels drop to 1.8 million net tons, below both the 3MMA and 12MMA.
March total import license data is currently just under 2.8 million tons, a 15.0 percent increase over the prior month. After removing semi-finished imports, we get a total finished import level of just over 2 million tons.
April license data is currently trending towards 3.2 million tons, which would be a 14.5 increase over March. Semi-finished imports are trending over 1 million tons for the month, which could be a six-month high if they remain at that level. Imports of finished products are at 2.1 million tons.
Below are two graphs covering steel imports through February 2019 figures. You will need to view the graphs on our website to use their interactive features; you can do so by clicking here. If you need assistance logging into or navigating the website, contact us at info@SteelMarketUpdate.com.

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

SMU Price Ranges: Sheet and plate move ‘soft sideways’ to start August
Sheet and plate prices were either flat or modestly lower this week on softer demand and increasing domestic capacity.

Nucor lowers HRC list price to $890/ton
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was adjusted $10 per short ton (st) lower this week after holding steady last week.

CRU: Q3 will be the lowest point in current sheet price cycle
CRU Principal Analyst Shankhadeep Mukherjee expects a restocking cycle for steel sheet products in most parts of the world due to either low inventories or seasonally stronger demand.

CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.

SMU Price Ranges: Sheet and plate steady ahead of Independence Day
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.