Steel Products Prices North America
August Imports Forecast to Increase by 6.8% over July
Written by John Packard
September 5, 2013
Based on the most recent compiled license data from the U.S. Department of Commerce, total steel imports are poised to rise by 6.8 percent in August compared to the prior month. August imports are forecast to be 2,691,265 net tons which are above both the 3 month and 12 month moving averages. August imports are forecast to be up 9.5 percent compared to June imports.
When looking at semi-finished we see higher flows of slabs which we believe are due to the CSA slab mill bringing their #2 blast furnace back online and beginning to replenish the ThyssenKrupp Steel USA mill in Alabama.
Imports of all of the other flat rolled products followed by Steel Market Update on a regular basis are forecast to be higher in August than both the prior month as well as above the 3MMA and 12MMA.
What will be interesting to watch from here are the months of September and October which could be much higher on flat rolled products due to the increases in domestic steel prices which began in late May.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
Nucor slows HRC price climb with $5/ton increase
After eight weeks of double-digit price increases on hot-rolled (HR) coil, Nucor slowed the price rise this week with an increase of $5 per short ton.
Domestic CRC prices surge ahead of imports
The price spread between stateside-produced CR and imports reached its widest margin in over a year.
Evraz raises plate prices $160/ton
Evraz North America (NA) has followed Nucor and SSAB with a plate price increase of its own: up $160 per short ton (st). The increase was effective immediately for all new orders of carbon, high-strength low-alloy, and normalized and quenched-and-tempered plate products, as well as for hot-rolled coil, the steelmaker said in a letter to […]
Nucor lifts HR coil to $820/ton
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil for a fourth consecutive week.
Nucor pushes HR spot price to $790/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $790 per short ton (st) on Monday, Feb. 10 – a $15/st bump vs. last week. The Charlotte, N.C.-based company has raised its weekly CSP by $40/st over the past three weeks after maintaining tags at $750/st since Nov. 12, according to SMU’s […]