Steel Products Prices North America

Canada Considers Collecting Melt & Pour Info on Steel Imports
Written by Laura Miller
May 13, 2022
Canada is seeking public comment as it considers collecting and publishing country-specific information about where steel imports are melted and poured under the nation’s Steel Import Monitoring Program.
Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development announced the public consultations. Monitoring the country where a steel import was originally melted and poured “could increase supply chain transparency and help in obtaining a more fulsome picture of the origins of imported steel goods,” Ng’s office said.
All Canadians, including steel producers, manufacturers, processors, distributors, retailers and importers, industry associations and labor unions, as well as academics and experts, are invited to take part in the consultations through June 26.
Canada’s government says strengthening its steel import monitoring system is key in helping to improve its trade-remedy systems.
“Canada’s steel sector is an important part of our economy, providing thousands of Canadians with good middle-class jobs. Our government is committed to ensuring that the steel industry, and the people and communities who rely on it, are able to compete and succeed in a market that is not distorted by unfairly traded steel imports,” Ng said in a statement.
The Canadian Steel Producers Association welcomed Ng’s announcement in a Tweet, saying, “We must keep pace with our trading partners & increased transparency in the steel supply chain is important as we work to promote Canada as a reliable producer of green steel.”
By Laura Miller, Laura@SteelMarketUpdate.com

Laura Miller
Read more from Laura MillerLatest in Steel Products Prices North America

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.

Nucor maintains plate prices, opens August order book
Nucor aims to keep plate prices flat again with the opening of its August order book.

Nucor CSP remains level at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.

Cliffs raises prices, seeks $950/ton for July spot HR
Cleveland-Cliffs plans to increase prices for hot-rolled (HR) coil to $950 per short ton (st) with the opening of its July spot order book. The Cleveland-based steelmaker said the price hike was effective immediately in a letter to customers dated Monday.

HRC vs. prime scrap spread widens in June
The price spread between HRC and prime scrap widened in June.