Steel Products Prices North America
Steel Shipments Down by 16.7% in First Three Quarters
Written by Tim Triplett
November 12, 2020
U.S. steel mills shipped 6,662,904 net tons in September, a 2.0 percent increase from the 6,532,652 net tons shipped in the previous month, but a 14.2 percent decrease from the 7,767,310 net tons shipped in September 2019, reported the American Iron and Steel Institute.
Shipments year-to-date totaled 60,449,359 net tons, a 16.7 percent decrease vs. 2019 shipments of 72,577,746 for nine months.
Compared with August, hot dipped galvanized sheet and strip shipments were up by 2 percent in September. Hot rolled sheet shipments declined by 1 percent month/month, while cold rolled sheet shipments were unchanged.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
SMU Price Ranges: HR slips, hopes for Q4 rebound still standing
SMU’s price ranges were mixed again this week as the market continues to seek a floor amid industry hopes for a Q4 rebound.
Nucor’s hot band list price holds at $875/ton
Nucor held its hot-rolled coil list price flat again this week, according to its Monday, Sept. 15 consumer spot price (CSP) notice.
Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.
SMU Price Ranges: Some predict bottom is near as big discounts dry up
Sheet prices were mixed this week as some mills continued to offer significant discounts to larger buyers while others have shifted toward being more disciplined, market participants said.
SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.