Hot-rolled (HR) coil prices in the US ticked down this week but have fluctuated little over the past month. Stateside tags continue to trail imports from Europe, supported by Section 232 steel tariffs that were doubled in early June.
Domestic steel mill output inched higher last week, according to the American Iron and Steel Institute (AISI). Raw production remains historically strong and has been growing steadily since April.
David Schollaert presents this week's analysis of hot-rolled coil prices, foreign vs. domestic.
US raw steel output edged lower last week after hitting a multi-year high in mid-June, according to the American Iron and Steel Institute (AISI).
US steel mills have ramped up raw production since April, with weekly output steadily increasing in nearly every week since.
US cold-rolled (CR) coil prices continued to tick higher this week, while offshore markets were mixed.
US hot-rolled coil prices crept up again this week but still trail imports from Europe.
Domestic mills continue to produce record volumes of steel, according to AISI's latest figures.
US cold-rolled (CR) coil prices edged up again this week, and most offshore markets moved in the opposite direction. But the diverging price moves stateside vs. abroad did little to impact pricing trends. The bigger impact was from Section 232, which were doubled to 50% as of June 3. The higher tariffs have resulted in […]
Domestic hot-rolled (HR) coil prices edged up marginally again this week, while offshore prices ticked down.
Domestic steel mills are ramping up production, according to the American Iron and Steel Institute (AISI), with output rising to a three-year high last week.
Domestic hot-rolled coil prices edged up marginally this week, while offshore prices ticked down.
Service centers and distributors contend that weak demand is to blame for the flattening of domestic steel spot prices, as reflected in Nucor Steel’s weekly Consumer Spot Price (CSP) notice. On Monday, the Charlotte, North Carolina-headquartered steel producer left prices unchanged from the previous week. Nucor has maintained prices of plate produced in Brandenburg since March 28.
US raw steel production rose again last week, climbing to the highest weekly output recorded since last September, according to the American Iron and Steel Institute (AISI).
Domestic hot-rolled coil prices moved lower again, maintaining the downward move seen in eight of the last 10 weeks.
Domestic hot-rolled (HR) coil prices were flat this week after declining seven of the last nine weeks. Offshore prices have also eroded in recent weeks, though not nearly as significantly as in the US.
US cold-rolled (CR) coil prices were down again this week, slipping six weeks in a row and seeing the sharpest drop-off since last July.
Domestic hot-rolled (HR) coil prices fell this week, now down seven of the last eight weeks.
Domestic mill output continues to grow, with raw steel production rising last week to the highest rate recorded since last September, according to the American Iron and Steel Institute (AISI).
The volume of finished steel entering the US market rebounded in March, according to our analysis of US Department of Commerce and American Iron and Steel Institute (AISI) data.
US cold-rolled (CR) coil prices moved lower again this week, slipping five weeks in a row now. Most offshore markets mirrored the move, ticking down as well.
Domestic hot-rolled (HR) coil prices moved lower this week, now down six of the last seven weeks. Recent price erosion has been seen in offshore markets, keeping the price gap between imports and domestic products largely flat week on week (w/w).
Raw steel mill output ticked higher last week, now up to the highest weekly rate recorded in over seven months, according to the American Iron and Steel Institute (AISI).
US cold-rolled (CR) coil prices edged lower again this week, slipping four weeks in a row now. Most offshore markets mirrored the move, ticking down marginally as well.
Section 232 returned on March 12, and since then, the price gap between offshore and US hot band has tightened.
US steel mills produced more raw steel last week than they have over the past seven months, according to the American Iron and Steel Institute.
US cold-rolled (CR) coil prices declined again this week, slipping for a third straight week. Most offshore markets did the opposite, moving higher this week.
Domestic hot-rolled coil prices were flat this week after dropping for four straight weeks. Most offshore markets bucked the trend and gained ground.
The volume of raw steel produced by US mills remained relatively flat last week, maintaining the rebound seen one week prior, according to the American Iron and Steel Institute (AISI). Previously at the second-highest rate of the year, production continues to hold at one the strongest levels recorded over the last six months.
Raw steel mill production is now at the second-highest weekly total recorded so far this year, nearing one of the strongest levels logged over the past six months, according to the American Iron and Steel Institute (AISI).