Steel Products Prices North America

Steel Imports Not Affected by Government Shutdown
Written by John Packard
October 13, 2013
Steel Market Update (SMU) asked David Phelps, president of the American Institute for International Steel if there were any issues involving steel imports which our readers needed to be aware. He sent us an email with the following:
“…the Customs officials employed at the ports to process imports and exports are considered essential. The licensing program is not operating, but importers have been notified to send emails to a specific location during the interim. Not having a license is not a prohibition at this point to importing — but of course, the licenses are not due until the final paperwork is due, 10 days later. If folks have disputes as to classification, penalties, etc. those Customs officials are not working and so that part of the CBP is not operating. Line people, all working…On balance, nothing at the docks appears to be affected by the shutdown.”

John Packard
Read more from John PackardLatest in Steel Products Prices North America

SMU Price Ranges: HR slips, hopes for Q4 rebound still standing
SMU’s price ranges were mixed again this week as the market continues to seek a floor amid industry hopes for a Q4 rebound.

Nucor’s hot band list price holds at $875/ton
Nucor held its hot-rolled coil list price flat again this week, according to its Monday, Sept. 15 consumer spot price (CSP) notice.

Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.

SMU Price Ranges: Some predict bottom is near as big discounts dry up
Sheet prices were mixed this week as some mills continued to offer significant discounts to larger buyers while others have shifted toward being more disciplined, market participants said.

SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.