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

Cliffs moves sheet prices higher, seeks $1,100/ton HRC
Cleveland-Cliffs is now targeting base prices of $1,100 per ton ($55 per cwt) for hot-rolled coil (HRC).

SMU price ranges: Sheet surge continues on limited spot availability
Sheet prices shot higher again this week on the heels of another round of mill price increases as well as on reports of production and supply chain issues at certain domestic producers.

Galvanized Sheet’s Premium Over Hot Rolled Hovering Around $200/Ton
The spread between hot-rolled coil (HRC) and galvanized sheet base prices has been hovering near $200 per net ton since late July, according to SMU’s latest analysis.

Plate Report: Quiet Turning to Sluggish?
The US plate market has been rather quiet over the past couple of weeks since Nucor Corp. caught many off guard with a $140-per-ton price cut.

SSAB’s Jeff Moskaluk on Wind’s Flurry of Opportunity for Steel
SMU discussed wind energy, a promising end-use market for steel, with SSAB Americas’ SVP and CCO Jeff Moskaluk.