Severstal says the DOC should not terminate the suspension agreement on cut-to-length steel plate from Russia. In a communication to the U.S. Secretary of Commerce, the Russian steel producer said there is no evidence that Russian steel imports of CTL are injurious to the U.S. domestic steel market. In its letter Severstal writes, “Petitioner’s request […]
Earlier today Nucor announced a price increase of $25 per ton on carbon and alloy plate as well as heat treated plate products. The increase was to be effective “immediately.” Our sources are advising of at least one other plate mill that was telling their customers that they would be following the Nucor lead and […]
Nucor, SSAB, and ArcelorMittal USA have petitioned the Department of Commerce to overturn a suspension trade deal that excuses Russian producers of cut-to-length (CTL) steel plate from paying import duties. The three steel mills said increasing exports of low-priced CTL steel plate to the U.S. is injuring the domestic industry. A suspension agreement signed in […]
On May 1, Nucor Corp. and SSAB Americas filed a joint request asking the Department of Commerce to find that Chinese producers of cut-to-length (CTL) steel plate are circumventing the antidumping order on CTL plate from China. According to documents submitted to the DOC, Chinese plate producers are adding small amounts of alloys, such as […]
With Nucor CEO John Ferriola commenting today about the surge in steel plate imports over the last two months into the United States, Steel Market Update thought we would do a piece showing plate imports over the last few years and how they compare to recent levels. The monthly average import rate of plate in […]
SSAB Americas posted sales of SEK 3.5 billion ($421.8 million) in Q4, a 17 percent increase from third quarter. For the full year 2014, the Americas segment had sales of SEK 13.2 billion ($159 million) up from SEK 11.1 billion ($133 million) in 2013. Fourth quarter external steel shipments were down 13 percent year over […]
On Monday Steel Market Update received information from one of our trading sources in Asia regarding the iron ore situation and price offers for export on rebars (debars), hot rolled (Europe) and plate (Europe). Ore Port Stocks at 110.95 Million MTS on Friday and an increase of 320,000mts week on week. Many large State Owned […]
Late last week both ArcelorMittal and SSAB advised their customers of their intention to raise plate prices. Both companies followed the Nucor lead which was made on Monday of this past week, to raise carbon as rolled plate by $30 per ton ($1.50/cwt) and alloy, heat-treated, normalized and quenched and tempered plate prices by $40 […]
On Friday, August 15th, Nucor Plate Mill Group announced an increase on transaction prices for all new spot orders of carbon, alloy and heat-treated plate. Carbon and alloy plate prices were increased by $30 per ton ($1.50/cwt). Heat-treated plate prices were increased by $40 per ton ($2.00/cwt). Late last week our SMU plate indices average […]
According to industry sources, SSAB Americas announced a price increase on plate products as well as hot rolled coil. The price increase was referenced at $30 per ton ($1.50/cwt) and are effective immediately. Nucor and ArcelorMittal advised their customers after the SSAB announcement was made supporting the $30 per ton move. SMU learned from multiple […]
The Canadian International Trade Tribunal has decided that imports of hot-rolled carbon steel plate from six countries “has not caused but is threatening to cause injury to the domestic industry.” The complaint was issued by Essar Steel Algoma against plate steel originating in or exported from Brazil, Denmark, Indonesia, Italy, Japan and the Republic of […]
ArcelorMittal USA is building bridges, or at least starring in a supporting role. All three of the ArcelorMittal USA mills—Burns Harbor, Coatesville and Conshohocke—are supplying high performance plate steel to replace the Tappan Zee Bridge in New York. The project is one the largest contracts in New York history and the largest transportation infrastructure project […]
Every week Steel Market Update analyzes a number of the flat rolled steel price indexes and provides the analysis to our Executive and Premium Level members. For our Monthly subscribers we produce an analysis of what happened to steel prices in total during the course of, in this case, the month of February. The numbers […]
The move by the domestic mills to reach $700+ per ton hot rolled is nothing but a blur in the rear view mirror according to the various steel indexes followed by Steel Market Update. Flat rolled steel prices fell across the board on hot rolled, cold rolled, galvanized and Galvalume steels this past week. The […]
The various indexes we follow on a regular basis all had prices on benchmark hot rolled moving lower this past week. Platts took the biggest leap moving from $675 to $660 in one week. SMU dropped $5 per ton to $660. Plate prices rose at Platts but dropped with CRU. The result is we are […]
The Department of Commerce said on Dec. 9 that Severstal is in compliance with the terms of a suspension agreement on certain cut-to-length (CTL) carbon steel plate from the Russian Federation. The original agreement was signed by the DOC on Dec. 20, 2002 suspending the antidumping investigation on certain CTL carbon steel plate from Russian […]
Evraz North America announced Monday it would suspend operations at its steel mill in Claymont, Delaware on December 13th due to “subdued market demand and the high volume of imports.” The Russian-owned mill produces specialized steel plate and has an annual capacity of 500,000 tons but produced only 383,590 tons in 2012 and 189,025 tons […]
The Canada Border Services Agency (CBSA) is initiating an investigation into dumping of hot-rolled carbon steel plate and high-strength low-allow steel plate originating or exported from Brazil, Chinese Taipei, Denmark, Indonesia, Italy, Japan and the Republic of Korea. The investigation, announced on September 5, was prompted by complaints by Essar Steel, Sault Ste. Marie, […]
Steel Market Update (SMU) has been advised that ArcelorMittal USA is attempting to raise Tinplate prices by 12 percent for calendar year 2014. Tinplate, which is used to make cans and other product packing devices, is commonly sold on an annualized contract basis to a fairly limited number of buyers. Last week we received an […]
The Far East and Southeast Asian ferrous scrap markets have been on the uptrend since the end of July. Since mid-July, scrap prices have risen approximately $20-$25/metric ton. This coincides with Tokyo Steel in Japan increasing scrap prices twice by approximately $24/MT. The increase in scrap prices were reactionary as steel stockists ramped purchases from […]
Imports of semi finished, and hot worked steel imports through July 2013 Imports of the combined tonnage of billets, blooms and slabs have been trending down for 12 months as have also the combined imports plate and sheet. Total long products have been trending up for all of 2013. These conclusions are based on a […]
High Steel Service Center LLC, of Lancaster, PA., recently introduced HIGHSL sheet and plate steel that is panel-flat and stress-free for laser processing. This product is new in the Mid-Atlantic Region and unique in that it helps fabricators eliminate waste, offer higher-quality products, and save cost. Produced on a new leveling line, the material will […]