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    Flat Product Imports Surpass Six-Year High in November

    Written by David Schollaert


    U.S flat products import volumes in November were at their highest level in more than six years, and while import data for December has not yet been finalized, the U.S. likely imported at least 1.2 million metric tons of flat products last month, based on import license data from the Commerce Department.

    November’s import volume tipped the scales at 1.394 million metric tons, the highest pandemic-era total, and expanding for the seventh straight month. The figure was nearly 10% above October’s sum and practically three times more than the total imported during the same year-ago period.

    David Schollaert

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    Mills seek more scrap after lower prices fail to attract tons

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    Nucor increases spot HR to $1,240/ton

    Nucor said on Monday, Oct. 12, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,240 per short ton (st) this week, a $10/st increase from a week earlier. The CSP for HR coil from California Steel Industries (CSI) on the West Coast will be $1,305/st, up $15/st from the prior week. Nucor is still offering lead times of three to five weeks, according to the letter to customers. You can track mill price announcements on our website. Steel Market Update (SMU) published a weekly price assessment on Tuesday, Oct. 6, showing HR coil prices averaging $1,270/st, up $10/st from the previous week. We will update our prices on the evening of Tuesday, Oct. 13.