Last year was a difficult one for the domestic steel industry as the U.S. economy struggled to recover from the shock of the COVID-19 pandemic. That struggle is reflected in the latest shipment data, which shows that U.S. steel shipments plunged nearly 16% in 2020.
According to the American Iron and Steel Institute, U.S. mills shipped 81,000,300 net tons last year, a decline of 15.8% compared to shipments of 96,178,278 tons in 2019.
December steel shipments totaled 7,049,785 tons, up 4.4% from November, but down 12.1% from December 2019. Shipments of hot rolled sheet increased 3%, galvanized sheet was up 2%, but cold rolled sheet slipped 3% from November to December, AISI said.
Sandy WilliamsRead more from Sandy Williams
Latest in Steel Products Prices North America
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.
SMU Survey: Mills Less Willing To Talk Price on Sheet, Plate More So
Steel buyers said mills are less willing to budge on spot pricing for sheet products, but plate bucked this trend, according to SMU’s most recent survey data.
AM/NS Calvert, Stelco Follow Major Sheet Mills Higher
ArcelorMittal and Stelco joined last week’s move by domestic mills to push sheet prices higher.