US HRC remains $200/ton more expensive than offshore product
US Hot-rolled coil (HRC) prices continue to move higher following repeated mill increases. The trend has caused domestic tags to become far more expensive than imported offshore hot band.
Contributor: David Schollaert
David Schollaert
Read more from David Schollaert Nucor up $40/ton on plate
Nucor Corp. announced in a letter to customers on Tuesday afternoon that its plate mill group would increase as-rolled discrete plate, normalized, and quenched-and-tempered plate by $40 per ton ($2 per cwt).
SSAB increases plate prices by $60/ton
SSAB Americas has announced plans to increase plate prices by at least $60 per ton ($3 per cwt), with the opening of its January 2024 order book. The price hike applies equally to as-rolled, normalized, quenched-and-tempered, and wide cut-to-length plate products. It is effective immediately on all new, non-contract orders, the company said in a […]
SMU price ranges: Sheet gains continue, plate falls to 2.5-year low
Sheet prices continued to move higher this week on the heels of mill price hikes and extending lead times.
October imports inch higher, but flat rolled at a six-month low
The increase in steel imports from September to October was higher than license applications had suggested earlier this month.
SMU market survey results now available
The latest SMU market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Historical survey results are also available under that selection. If you need help accessing the survey results, […]
SMU price ranges: Sheet, plate mostly sideways ahead of Thanksgiving
Flat-rolled steel prices were in a holding pattern ahead of Thanksgiving.
Steelmaking raw material prices remain mostly higher vs. October
Prices of steelmaking raw materials are largely up over the over the last 30 days, as they were the month prior, according to Steel Market Update’s latest analysis.
Nucor To Modernize Alabama Plate Mill
Nucor Corp. has announced a $280-million investment to modernize its plate mill in Tuscaloosa, Ala.
Plate Report: Quiet Turning to Sluggish?
The US plate market has been rather quiet over the past couple of weeks since Nucor Corp. caught many off guard with a $140-per-ton price cut.
US HRC Now Theoretically ~$200/ton More Expensive Than Offshore Imports
US Hot-rolled coil (HRC) prices continue to surge on the heels of mill increases. They have become significantly more expensive than prices for hot band imported from offshore. Domestic hot band tags moved higher for a seventh consecutive week. Imports have seen only marginal gains over the same period, according to SMU’s latest foreign vs. domestic price analysis.
SMU Steel Demand Index Improves Again, Moves Into Expansion Territory
Steel Market Update’s Steel Demand Index has moved into growth territory after seeing steady improvement since mid-September, according to our latest survey data.
SMU Price Ranges: Sheet Onward and Upward (Again)
Spot prices for steel sheet shot upward again this week on the heels of steep price increases announced by domestic mills last week. SMU’s hot-rolled coil price rose to $940 per ton ($47 per cwt) on average, up $75 per ton from last week and up nearly $300 per ton from a 2023 low of […]
Tampa Steel Conference Will Be Here Before You Know It. Don't Miss Out!
We’re just 12 weeks from Tampa Steel Conference 2024, one of the premier North American steel community events.
SMU Market Survey Results Now Available
The latest SMU Market Survey results are now available on our website to all Premium members. After logging in at steelmarketupdate.com, visit the Pricing and Analysis tab and look under the “Survey Results” section for “Latest Survey Results.” Historical survey results are also available under that selection. If you need help accessing the survey results, […]
October Import Licenses Sideways, Flat Rolled Permits Decline
US steel imports continue to arrive at a steady pace, as total import licenses in October were about even with September’s import levels.
US Hot Rolled Prices Surge Past Offshore Product
Hot-rolled coil (HRC) tags continue to rally in the US, broadening the price disparity between domestic and imported offshore product.
SMU Price Ranges: Sheet Skyrockets, Plate Stumbles
Spot prices for steel sheet continued to shoot upward this week, which brought yet another round of price hikes.
SMU's October at a Glance
SMU gives an overview of the steel market and economic indicators for October.
Tampa Steel Conference Attendance Rising. Don't Miss Out!
It’s time to register for the Tampa Steel Conference 2024, easily one of the premiere North American steel events. It’s a can't-miss steel industry conference, especially following the record-breaking attendance at SMU’s Steel Summit 2023 this past August.
Northwest Pipe Q3 Results Down, Optimistic on Q4 Backlogs
Northwest Pipe reported declining third-quarter earnings but remains upbeat about its fourth-quarter performance.
Gap Widens Between US and Foreign Hot Band Prices
US hot-rolled coil (HRC) tags moved higher again this week, widening the gap in pricing between imported offshore product.
Plate Report: Nucor’s Plate Price Cut Stuns
Nucor’s plate price cut notice caught many off guard this week, especially after the company had maintained its pricing position in late September.
AM/NS Calvert Increases Sheet Again, Seeks $900/ton HR base
ArcelorMittal joins U.S. Steel and Cleveland-Cliffs, pushing sheet prices higher, according to an internal commercial memo on Oct. 31.
SMU Price Ranges: Sheet Surges on Limited Spot Availability, Plate Drops on Nucor Decrease
Sheet prices surged this week on limited spot tonnage and on the heels of steep price increases announced by domestic mills.
SMU Market Survey Results Now Available
The latest SMU Market Survey results are now available on our website to all Premium members.
SMU Price Ranges: Sheet Up as Price Hikes Gain Traction
Sheet prices rose for a fourth consecutive week following a second wave of price hikes announced by domestic mills.
Nucor Confident on Strong Long-Term Appetite for Steel
Nucor Corp. remains incredibly bullish long-term on steel demand, but an underlining theme during the steelmaker’s third-quarter earnings conference call with analysts on Tuesday, Oct. 24, was tempered near-term expectations.
Domestic HRC Prices Surpass Foreign Hot Band
US hot-rolled coil (HRC) prices are now more expensive than imported offshore product.
Housing Starts Surprise, Recover in September
US housing starts increased in September despite high-interest rates, according to the latest estimates from the US Census Bureau.