The price premium of galvanized coil over hot-rolled (HR) coil has continued to narrow, a downward trend seen for the past seven months. As of this week, the spread between these two products has reached an 18-month low.
The price spread between hot-rolled coil (HRC) and prime scrap continued to narrow in January, according to SMU’s most recent pricing data. While SMU’s average HRC price edged down week over week (w/w), it rose compared to a month ago. The January price for busheling also increased from December. Our average HRC price as of […]
Domestic steel imports fell 14% from October to November to a one-year low of 2.07 million short tons (st), according to final US Commerce Department data. While steel trade has declined from early-2024 highs, November imports are slightly higher than volumes seen one year prior.
Hot-rolled (HR) coil prices ticked up in the US last week, while tags in offshore markets were mostly unchanged. The result: US hot band is more expensive than imports on a landed basis.
While steel news may be starting 2025 off with a bang, Nucor’s consumer spot price (CSP) for hot-rolled coil is not.
Hot-rolled (HR) coil prices were flat in the US this week, while tags in offshore markets were mostly down.
Nucor said on Monday, Dec. 30, that it was keeping its spot base price for hot-rolled sheet this week at $750 per short ton (st).
The price premium between stateside hot band and landed imports widened slightly this week.
The steelmaker has kept its weekly consumer spot price for hot-rolled steel sheet unchanged since Nov. 12.
The price spread between hot-rolled coil (HRC) and prime scrap narrowed slightly in December, according to SMU’s most recent pricing data.
The volume of steel exported from the country declined in October for the second-consecutive month, following a one-year high in August.
Hot-rolled (HR) coil prices ticked back down in the US this week, while tags in offshore markets were mostly up. Thus, the price premium between stateside hot band and imports on a landed basis tightened slightly.
Steel prices have remained relatively stable in recent weeks, though they have generally trended downward since October.
Nucor’s weekly spot price for hot-rolled (HR) coil will remain at $750 per short ton (st) for a fifth week.
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 […]
This week, the spread between SMU's hot rolled and galvanized indices is only a few dollars away from a 16-month low.
Cleveland-Cliffs has officially had spot HRC prices at $750/st since mid-September.
For the fourth week in a row, Nucor will keep its published spot price for hot-rolled (HR) coil unchanged.
SMU's price indices saw minor fluctuations on sheet products this week, while our plate and Galvalume indices held steady.
Nucor is holding its hot-rolled (HR) coil base price flat at $750/st for the third week in a row.
Nippon Steel says it respects the US Department of Commerce’s findings in administrative reviews despite the agency recently assigning the Japanese steelmaker a higher dumping margin.
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.
SMU’s flat-rolled steel prices were mixed this week with slight declines across most products and a modest increase in prices for cold-rolled coil.
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was unchanged week on week (w/w) at $750 per short ton (st) on Monday, Nov. 18.
Commerce determined a significant dumping margin for hot-rolled steel imports from Japan's Nippon Steel.
The price spread between hot-rolled coil (HRC) and prime scrap remained the same in November as both tags were at the levels seen a month earlier, according to SMU’s most recent pricing data.
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. […]
The Commerce Department determined that, if anti-dumping and countervailing duty orders were allowed to expire, or be ‘sunset,’ the illegal dumping and subsidization of HR imports would be likely to continue at sizeable rates.
Cleveland-Cliffs announced the closing of its December order book for hot-rolled coil spot purchases, though it said contract bookings remain available.
Nucor raised its weekly consumer spot price (CSP) for HRC this week to $750/short ton.