Tag: Imports

Nucor’s plate price cut notice caught many off guard this week, especially after the company had maintained its pricing position in late September.

Sheet prices are getting back into very lofty territory. That’s assuming you can find spot tons available for the balance of 2023 – and some of you say you can’t.

Sheet prices surged this week on limited spot tonnage and on the heels of steep price increases announced by domestic mills.

The decline in imports from August to September was more pronounced than license applications suggested earlier this month.

Nucor’s plate mill group (NPG) will cut prices for as-rolled discrete plate and normalized plate by $140 per ton ($7 per cwt). The Charlotte, N.C.-based steelmaker said it would also drop prices for quenched-and-tempered plate by $80 per ton. Nucor said the lower prices would be effective with new orders received on Wednesday, Oct. 31. […]

The ferrous export market in the US has experienced several geopolitical events and natural disasters during 2023.

U.S. Steel’s third-quarter earnings call with analysts on Friday, Oct. 27, was packed full of insight into the Pittsburgh-based steelmaker’s current state of affairs.

I wrote on Sunday that it could be a busy week for steel. It has been.

Mill lead times for flat-rolled products pushed out this week once again across the board.

US apparent supply increased to 8.65 million net tons in August, up 5% compared to 8.24 million tons July, according to data from the US Department of Commerce and the American Iron and Steel Institute (AISI).  Apparent steel supply is determined by combining domestic steel mill shipments and finished US steel imports, then deducting total […]

South Korea and Brazil will not be maxing out their allowable quotas on hot-rolled sheet shipments to the US for 2023, according to government data analyzed by SMU.

Electricity demand worldwide is growing significantly, requiring massive investments in the electric grid to supply increased needs and desire for electricity. A recent report by the International Energy Agency (IEA) indicates that global demand for electricity will double from 2020 to 2050. In developed economies, the growth rate will be somewhat lower. But it will […]

After a meeting Friday at the White House, the EU and US issued a joint statement noting no concrete movement towards a Global Arrangement on Sustainable Steel and Aluminum.

US hot-rolled coil (HRC) prices are now more expensive than imported offshore product.

On Monday and Tuesday of this week, SMU polled steel buyers on a variety of subjects, including steel prices, demand, inventories, imports, the UAW strike, and what people were talking about in the market.

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, […]

The pig iron trade is an important element to the US steel and foundry industry.

The US Department of Commerce’s International Trade Administration (ITA) is updating the antidumping and countervailing duties (AD/CVD) on cold-rolled steel imports from South Korea.

SMU's Current Steel Buyers Sentiment Index edged down this week while the future index remained flat, based on our most recent survey data.

The sheet market appears poised for a rebound if you’re looking at the indicators we typically track.

With solid demand and attractive margins, the North American market has been helping to prop up CMC’s results as its European operations struggle with weaker demand amid challenging market conditions.

US hot-rolled coil (HRC) and offshore product are nearly back even again after domestic prices moved higher for the second straight week.

The US Department of Commerce has issued its final ruling in an expedited sunset review of antidumping duties on imports of tin mill products from Japan.

The US and European Union will continue trade talks on Friday, Oct. 20, according to a statement from the European Council.

The 2023 term continues a series of very eventful Supreme Court sessions, similarly to 2021 and 2022 terms.

A slowdown in US steel imports has yet to be seen, as total import licenses in September were about even with August’s import levels.

The LME aluminum three-month price was broadly unchanged on Friday morning, Oct. 6, and was last seen trading at $2,243 per ton. Due to the Mid-Autumn Festival and National Day celebrations, the SHFE is closed for holidays from Sept. 29 to Oct. 6. According to a report from Bloomberg, leaders from the EU and the […]

The US steel market appears to have gone from despairing over the possibility of spot HRC prices slipping into the $500s per ton to worrying about spot availability – and in just a matter of 2-3 weeks.

US hot-rolled coil (HRC) and offshore product are nearing parity again after domestic prices moved higher this week and imports declined again.

Water levels on the Mississippi River continue to drop due to a lack of rain. This could potentially disrupt the steel supply chain should the low levels persist.