Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/17ed3edb2759abf709190ee1a4654b2f.jpg)
Steel Imports Decline by 20 Percent in First Half
Written by Tim Triplett
July 30, 2020
Steel imports into the United States declined by more than 20 percent in the first half of 2020, reported the American Iron and Steel Institute, based on preliminary Census Bureau data. Through the first six months of this year, total steel imports declined by 20.8 percent to 12.4 million tons, while finished steel imports declined by 26.2 percent to 8.6 million tons, versus the same period in 2019 when the coronavirus was not an issue. Finished steel imports accounted for a 19 percent share of the market in the first half.
In June, the U.S. imported a total of 1.39 million tons, down 23 percent, including 1.31 million tons of finished steel, down 12.7 percent, compared with the prior month. Key finished steel products showing a significant increase in imports in June compared to May were line pipe (up 30 percent) and sheets and strip hot dipped galvanized (up 23 percent).
For the first six months of 2020, the largest offshore suppliers were South Korea at 1.12 million tons, down 23 percent; Japan at 434,000 tons, down 40 percent; Germany at 377,000 tons, down 39 percent; Taiwan at 333,000 tons, down 36 percent; and Turkey at 323,000 tons, up 66 percent.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/tim-triplett.jpeg)
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/CRU-Logo-2023-07-21-at-4.35.41-PM.png)
CRU: Longs pricing trends diverge in North, South America
Most longs prices in the US were unchanged this month, except for rebar, which declined by $1.50/cwt ($30/short ton) m/m. While end-use demand is stable, inventories are well-stocked, keeping purchases limited. Domestic availability is sufficient to meet current demand, hindering the appetite for imported material. Meanwhile, prices for scrap remained under pressure in June, with […]
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor cuts plate prices by $125/ton, cites ongoing competition
Nucor Corp. announced that its plate mill group would cut prices for as-rolled, discrete, and normalized plate with the opening of its August order book.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor cuts HR price for fourth straight week
Nucor lowered its consumer spot price (CSP) for hot-rolled (HR) coil by another $10 per short ton (st) for the first week of July. The steelmaker said in a letter to customers on Monday that its CSP base price for the week will be $670/st for all of its sheet mills with the exception of California Steel Industries (CSI).
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Cliffs_logo2.2.png)
Cliffs sets $720/ton HR price with opening of August books
Cleveland-Cliffs on Tuesday announced its monthly hot-rolled (HR) coil price of $720 per short ton (st) with the official opening of its August order book. The rate is down from last month’s price of $800/st.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/CRU-Logo-2023-07-21-at-4.35.41-PM.png)
CRU: Demand weakness continues to weigh on global sheet markets
Demand has remained persistently weak across the globe for sheet steel, weighing on prices. US HR coil prices fell the furthest this week as high-volume, low-priced deals were transacted as mills looked to fill order books and competed with one another amid relative demand weakness. Meanwhile, European prices were also down due to low demand […]