Steel Products Prices North America

Ice Breakers Still Working to Clear Great Lakes
Written by Ryan Packard
April 10, 2014
Ice conditions for the Great Lakes are still pretty severe, particularly for Lake Superior with 83.2 percent of the surface still frozen according to analysis reports from the Great Lakes Environmental Research Laboratory. Total ice coverage on the Lakes as of April 9 is 58.6 percent. With shipping season officially underway in the St. Mary’s River, it will be about two weeks until iron ore freighters can cross Lake Superior-Huron without the assistance of icebreakers, according to Mark Gill, director of vessel traffic service for the U.S. Coast Guard in Sault Ste. Marie.
An ice breaker is due to begin ice breaking operations April 13 – April 20 in Georgian Bay, working its way through Owen Sound, Midland and Whitefish River.
This excessive ice coverage prevents ships from delivering iron ore from the Minnesota Iron Range to Northwest Indiana mills like Gary Works, which has caused the Indiana mill to slow production.
Coast Guard ships USCGC Mackinaw and CCGS Pierre Radisson, powerful icebreakers, are leading a convoy of five empty freighters across Lake Superior to Duluth and Two Harbors, Minn. Glen G. Nekvasil, Vice President of Lake Carriers Association, told SMU that after loading the ships will be escorted back through the icy waters of Superior to their next destination. At this time there are no iron ore loads headed towards the mills.
Ryan Packard
Read more from Ryan 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 […]