Steel Products Prices North America
Steel Imports Down 14 Percent Through September
Written by Tim Triplett
October 29, 2019
Steel imports are down significantly this year, the result of trade actions and economic forces, but the import market share is relatively unchanged.
Through the first nine months of 2019, the U.S. imported at total of 22.6 million tons of steel, a 13.7 percent decline from the same period in 2018, reports the American Iron and Steel Institute. Finished steel imports, totaling 16.9 million tons, were down 16.1 percent, according to the Census Bureau data. However, the market share for finished steel imports is still an estimated 20 percent.
Annualized, total steel imports would be down by 10.7 percent and finished steel imports down by 12.5 percent versus full-year 2018, AISI reported.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
Nucor maintains plate prices, opens August order book
Nucor aims to keep plate prices flat again with the opening of its August order book.
Nucor CSP remains level at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.
Cliffs raises prices, seeks $950/ton for July spot HR
Cleveland-Cliffs plans to increase prices for hot-rolled (HR) coil to $950 per short ton (st) with the opening of its July spot order book. The Cleveland-based steelmaker said the price hike was effective immediately in a letter to customers dated Monday.
HRC vs. prime scrap spread widens in June
The price spread between HRC and prime scrap widened in June.
SMU price ranges: Steel prices rise in response to tariffs
Steel prices climbed for a second straight week across all five sheet and plate products tracked by SMU.