• Skip to main content

    Prices

    Preliminary April Steel Imports at 2.8 Million Tons

    Written by Brett Linton


    Recently updated license data shows preliminary April steel imports were 2.77 million net tons, according to the U.S. Department of Commerce. This is a downward adjustment of 200,000 tons compared to the license data reported last week.

    Finished imports in April are at 1.32 million tons, down 13 percent over the previous month. Nearly 230,000 tons of semifinished products were imported in March (mostly slabs), compared to 1.45 million in April due to the restart of the quarterly quotas. 

    Brett Linton

    Read more from Brett Linton

    Latest in Prices

    Mills seek more scrap after lower prices fail to attract tons

    Several mills that bought October scrap early last week are still asking for additional supplies, scrap market participants said. The reason: the mills' initial prices did not attract enough of the raw material, they said. A trading source based in northern Ohio said three mills have contacted his firm seeking offers for additional tons. He said the mills asked for offers even if prices were higher than their original buys last week.

    Nucor increases spot HR to $1,240/ton

    Nucor said on Monday, Oct. 12, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,240 per short ton (st) this week, a $10/st increase from a week earlier. The CSP for HR coil from California Steel Industries (CSI) on the West Coast will be $1,305/st, up $15/st from the prior week. Nucor is still offering lead times of three to five weeks, according to the letter to customers. You can track mill price announcements on our website. Steel Market Update (SMU) published a weekly price assessment on Tuesday, Oct. 6, showing HR coil prices averaging $1,270/st, up $10/st from the previous week. We will update our prices on the evening of Tuesday, Oct. 13.