Steel Products Prices North America
AISI: June Steel Shipments Up 33.3% from Prior Year
Written by Tim Triplett
August 10, 2021
U.S. steel mills shipped 8,031,516 net tons in June, a 33.3% increase from the 6,023,524 net tons shipped in June 2020, reported the American Iron and Steel Institute. Shipments rose a slight 0.6% from the 7,987,038 net tons shipped in the previous month.
Shipments for the first half of 2021 totaled 45,969,876 net tons, an 11.5% increase vs. 2020 shipments of 41,218,207 for six months.
A comparison of shipments year-to-date shows the following changes in 2021 versus 2020: hot-dipped galvanized sheet, up 19%; cold rolled sheet, up 14%; and hot rolled sheet, up 6%.
Like shipments, steel prices have recovered dramatically from the same time last year when the U.S. economy was struggling with the effects of the pandemic. In June 2020, the benchmark price for hot rolled steel had declined to about $500 per ton ($25/cwt). Since then it has increased almost fourfold to $1,900 per ton ($95/cwt), based on Steel Market Update’s check of the market this week.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
SMU Price Ranges: Sheet and plate move ‘soft sideways’ to start August
Sheet and plate prices were either flat or modestly lower this week on softer demand and increasing domestic capacity.
Nucor lowers HRC list price to $890/ton
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was adjusted $10 per short ton (st) lower this week after holding steady last week.
CRU: Q3 will be the lowest point in current sheet price cycle
CRU Principal Analyst Shankhadeep Mukherjee expects a restocking cycle for steel sheet products in most parts of the world due to either low inventories or seasonally stronger demand.
CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.
SMU Price Ranges: Sheet and plate steady ahead of Independence Day
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.