US and offshore HRC prices tick lower
The threat of tariffs over the past two months has been a springboard for US prices. But the Section 232 reinstatement on March 13 narrowed the domestic premium over imports on a landed basis.
Category: Overseas
European Commission eyes stricter limit on tariff-free steel imports
The European Commmission is reducing the amount of tariff-free foreign steel that can enter the EU.
European Commission makes public steel action plan
The European Commission unveiled A European Steel and Metals Action Plan aimed at safeguarding the European Union’s steel and base metals production.
Domestic CRC prices surge ahead of imports
The price spread between stateside-produced CR and imports reached its widest margin in over a year.
US HR prices rising faster than offshore tags
Hot-rolled (HR) coil prices continued to rally in the US this week, quickly outpacing price gains seen abroad. The result: US hot band prices have grown widely more expensive than imports on a landed basis. The premium US HR tags carry over HR prices abroad now stands at a 14-month high. SMU’s average domestic HR […]
Trump sets tariff sight on European Union
President Donald Trump indicated in a cabinet meeting Wednesday that a 25% blanket tariff on all imports is coming for the EU next.
Miller on Raw Materials: Pig iron tags move up, N. Europe scrap imports to US resume
SMU's Stephen Miller provides an update on the raw materials sector.
European Commission eyes retaliation vs. Trump steel tariffs: Report
The European Commission is looking into making current quotas on steel imports stricter as a countermeasure to President Trump’s recently announced tariffs on steel and aluminum imports to the US, according to an article in Reuters.
Steel groups from Canada, Mexico, Europe call for tariff retaliation
While American steelmakers welcome the revival of the Section 232 tariffs on steel and aluminum imports, other nations' steel industries are calling for retaliation against President Trump's unilateral action of upping the levies on trading allies and removing all product exemptions.
US HR price premium over imports widens
Hot-rolled (HR) coil prices were flat in the US this week, while tags in offshore markets were mostly down.
US HR price premium over imports edges up
The price premium between stateside hot band and landed imports widened slightly this week.
Domestic HR tags maintain slight premium over landed imports
Hot-rolled (HR) coil prices ticked back up in the US this week, while tags in offshore markets moved in varying directions. Thus, the price premium between stateside hot band and imports on a landed basis widened slightly. After leveling with import prices in late August, stateside tags have been mostly stable and ahead of imports […]
Domestic HR, offshore prices decline
US hot-rolled (HR) coil prices slipped this week, while tags in offshore markets were also largely down. Thus, the price premium between stateside hot band and imports on a landed basis was relatively unchanged.
US CR, import prices edge back down
The price spread between US-produced cold-rolled (CR) coil and offshore products slipped in the week ended Nov. 15, on a landed basis.
CRU: Sheet prices hit bottom in Europe, pressure in other markets
This CRU analysis from discusses steel sheet prices, demand, and inventory levels around the globe this past week.
Domestic HR tags tick up, import prices fall
US hot-rolled (HR) coil prices edged up this week, while tags in offshore markets moved lower. As a result, domestic tags pulled ahead of imports on a landed basis. Since becoming level with import prices in late August, stateside tags had been mostly stable, though they slowly drifted closer to parity over the past month. […]
US CR, import prices trend higher
The price spread between US-produced cold-rolled (CR) coil and offshore products remained largely flat in the week ended Nov. 8, on a landed basis.
CRU: China’s monthly steel exports reach highest level since 2015
China’s steel export volumes reached 11.2 million metric tons (mt) in October, the highest monthly level since September 2015. Steel export prices were mostly stable in China and India this week, while in Turkey steel export prices increased week over week (w/w).
Domestic and offshore HR prices trend toward parity
US hot-rolled (HR) coil prices moved lower this past week while tags in offshore markets were largely higher. Domestic tags are again nearly level with imports on a landed basis.
US CR prices decline, import tags stable
The price spread between US-produced cold-rolled (CR) coil and offshore products was negligibly tighter in the week ended Oct. 25, on a landed basis.
US, offshore HR prices remain in step
US hot-rolled (HR) coil prices moved lower again this past week. A similar trend was seen in offshore markets, keeping domestic tags marginally above imports on a landed basis.
SSAB OK'd for $139M from European Commission for decarb
Sweden’s SSAB has been awarded €128 million by the European Commission for the steelmaker’s efforts at decarbonization.
US CR prices hold, imports slip
The price spread between US-produced cold-rolled (CR) coil and offshore products was negligibly wider in the week ended Oct. 18, on a landed basis.
US, offshore HR prices trend lower together
US hot-rolled (HR) coil prices slipped again this past week, mirroring movement in offshore markets. This kept domestic tags marginally higher than imports on a landed basis.
US CR prices down, imports close margin
The price gap between US-produced cold-rolled (CR) coil and offshore products narrowed slightly again in the week ended Oct. 11, mainly due to a stateside price cut.
US, offshore HR prices inch closer to parity
US hot-rolled (HR) coil prices slipped this past week but remain marginally higher than offshore material on a landed basis.
US CR prices move up while import prices mixed
The price gap between US-produced cold-rolled (CR) coil and offshore products narrowed slightly in the week ended Oct. 4, mainly due to a price jump in Asian markets.
US, offshore HR prices diverge a bit more
US hot-rolled (HR) coil prices moved slightly higher again this past week but remain marginally higher than offshore material on a landed basis. Since reaching parity with import prices in late August, domestic prices have been slowly pulling ahead of imports. This has been driven by a slight deviation in price movements – slow but […]
Despite recent dip, US CR prices remain more expensive than imports
The price gap between US cold-rolled (CR) coil and offshore product has shrunk slightly this week ended Sept. 27 as stateside tags edged down. The premium slipped moderately but remains well ahead of the 10-month low from late July.
US HR prices up slightly vs. imports
US hot-rolled (HR) coil prices inched up again this past week but remain just a touch more expensive than offshore material on a landed basis.