SMU Data and Models

Drill Down of Cold Rolled Imports into Product Detail
Written by Peter Wright
May 20, 2019
Using U.S. International Trade Commission (USITC) data, SMU has taken the import tonnage of cold rolled sheet and broken it down into coil and leveled, then it breaks out four thickness ranges and identifies how much was full hard, annealed and high strength.
Through March 2019, of the total cold rolled sheet and strip imports into the U.S., only 2.5 percent was strip. By gauge range the sheet broke down to: 26 percent < 0.5mm, 30 percent ≥ 0.5 to 1.0 mm, 43.5 percent > 1 to 3mm thick and 0.5 percent > 3 mm.
Table 1 is a summary for 2019 through March of cold rolled imports showing gauge ranges and condition and the annual year-to-date total for sheet. Strip is itemized separately at the bottom of the table.
Figure 1 breaks the year-to-date cold rolled sheet tonnage down into the four gauge ranges that are identified in the HTS codes.
Figure 2 does the same thing for condition. It identifies the volume of full hard, annealed, high strength and high strength annealed. Year-to-date March, 49.5 percent was full hard, 41.4 percent was annealed, 1.7 percent was high strength and 7.5 percent was high strength annealed.
Note: This data was accessed through the USITC database. All steel traded globally is classified by the Harmonized Tariff System (HTS). The HTS code has 10 digits. The first six are globally universal. The last four are used at the discretion of the nations involved in a particular transaction and are the basis of this report. The way the U.S. uses the last four digits to define products may be different from other nations’ product classification.

Peter Wright
Read more from Peter WrightLatest in SMU Data and Models

SMU Survey: Sheet lead times inch up, plate moves lower
Sheet times ticked higher but remain within days of multi-year lows, territory they have been in since May. Plate lead times have shifted lower in the past month but remain about a week longer than they were at this time last year.

SMU Survey: Mills slightly less negotiable on spot pricing
Sheet and plate buyers say mills remain open to negotiating spot prices this week, though less so than in recent weeks, according to SMU’s latest market survey.

August service center shipments and inventories report
US service centers flat-rolled steel supply in August declined month-over-month (m/m) and year-over-year (y/y), according to SMU data.

Apparent steel supply remains elevated in July
Apparent supply totaled 8.88 million short tons (st) in July, down 38,000 st from June and 6% higher than the same month last year

HRC vs. prime scrap spread narrows slightly
The price spread between prime scrap and hot-rolled coil (HRC) narrowed by a hair this month, according to SMU’s most recent pricing data.