CRU: Sheet import demand softens as domestic price gains have slowed
US domestic sheet price gains have begun to slow as previously pulled-forward demand has led to a decline in orders.
Contributor: Diego Giangreco
Diego Giangreco
Read more from Diego Giangreco CRU: Falling steel prices limit demand for imports into US
The recent decline in US hot-rolled (HR) coil and longs prices has further restricted demand for imported material. Despite the decline in US sheet prices, CR coil and HDG imports remain attractive. While demand for imports of longs products has been limited, buyers have increased imports of wire products to avoid wire rods’ higher tariffs. […]
CRU: Brazil proposes quotas on steel imports, with tariff back up
Brazil’s chamber of foreign trade, Camex, has approved quotas on imports of 11 steel products and a 25% levy on shipments 30% above a product’s average import volume between 2020 and 2022.
CRU: US sheet price falls and puts Brazilian slabs under pressure
Falling US sheet prices have reduced the attractiveness of hot-rolled (HR) coil imports as domestic mills price competitively to secure limited business. However, tightness in the CR coil market has extended delivery to June or July in some cases, and buyers may consider to import given competitive prices and arrival times.
CRU: Mexico Increases Import Tariffs on Steel
The Mexican government has placed temporary levies of 25% on inward-bound shipments of steel products from countries with which it does not have a free trade agreement.
CRU: AHMSA Bankruptcy Clears Way for Restart With New Owners
Drama surrounding AHMSA – Altos Hornos de Mexico, the largest integrated flat steel plant in Mexico – may finally be coming to an end as a bankruptcy now clears the way for new owners to restart the facility with fresh capital. Due to various issues, AHMSA stopped production in December 2022. This sudden closure caused […]
CRU: War in Ukraine and Higher Global Prices Will Put Pressure on Brazil
By CRU Analyst Diego Giangreco, from CRU’s Steel Monitor, March 16 Brazilian distributor sheet prices fell month on month in March due to weak demand, while mills increased their prices in February or stopped giving discounts to match the trends in the international markets. Before the invasion of Ukraine, we were expecting a downward trend in […]