Steel Products
Apparent Steel Supply – December and Calendar Year 2012
Written by John Packard
February 13, 2013
Apparent steel supply for the month of December 2012 came in at 8,317,920 net tons. This represents a decrease of almost 2 percent compared to the previous December. We found imports rose by 19 percent (semi-finished – which are brought in by the domestic mills – rose by 39 percent) while exports dropped by 19 percent. Domestic shipments dropped and finished imports increased. The U.S. dependence on imports grew by 73 percent compared to one year earlier.
Apparent Steel Supply 2012 vs. 2011:
Apparent steel supply grew by 7,818,000 tons during 2012. The domestic industry saw gains in domestic shipments of 4,084,000 tons. Semi-finished imports increased by 934,000 tons while finished imports rose by 4,026,000 tons. Exports also gained slightly over the prior year by 291,000 tons.
John Packard
Read more from John PackardLatest in Steel Products
CRU aluminum news roundup
A roundup of this week's CRU aluminum news.
HR futures drift lower as open interest grows
Despite a higher settle today on CME hot-rolled coil (HRC) futures, the pattern over the past four weeks has seen nearby steel futures prices drift lower, while the back of the 2025 curve has remained supported.
Insteel acquires Liberty’s EWP assets for $70M
Insteel Wire Products Co., a subsidiary of Insteel Industries, has acquired Liberty Steel’s Engineered Wire Products (EWP) for $70 million with cash on hand.
Zekelman Industries takes aim at Mexico with lawsuit, trade petitions
Zekelman Industries has filed a lawsuit in Washington against the Republic of Mexico for allegedly violating trade agreements and dumping steel in the US.
Canada announces remission process for Chinese steel tariffs
The Canadian government announced a remission process for businesses for recently announced tariffs on Chinese steel and aluminum products and electric vehicles .