Steel Products

Presidential Proclamation on Adjusting Imports of Automobiles and Auto Parts
Written by Sandy Williams
May 20, 2019
On Friday, May 17, President Trump concurred with findings by the Commerce Department that imports of automotive vehicles and parts threatened to impair national security. As a result, the President directed the U.S. Trade Representative to pursue negotiation of agreements with the EU and Japan, and any other country the Trade Representative deems appropriate, to remove the threatened impairment. The Trade Representative is to report his results to the President within 180 days, at which time the President will determine if further action is required under Section 232.
The proclamation from the President may be found at https://www.whitehouse.gov/presidential-actions/adjusting-imports-automobiles-automobile-parts-united-states/
{loadposition reserved_message}

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products

Nucor maintains plate prices, again
Nucor aims to keep plate prices flat again with the opening of its July order book.

Asian HR remains much cheaper than US, EU product
Domestic hot-rolled (HR) coil prices were flat this week after declining seven of the last nine weeks. Offshore prices have also eroded in recent weeks, though not nearly as significantly as in the US.

Galv buyers less optimistic about short-term market
“It was a little more of a seller's market as contractors seemed to be protecting themselves against a potential run up in prices," one buyer said.

SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]

US, offshore CRC prices continue to fall
US cold-rolled (CR) coil prices were down again this week, slipping six weeks in a row and seeing the sharpest drop-off since last July.