Steel Products Prices North America

January Import License Data Suggest Another Big Month of Foreign Steel
Written by Brett Linton
January 20, 2015
The U.S. Department of Commerce updated its import license data earlier today. January import levels continue to be at very high levels compared to November and December and very similar to what we saw in September when imports totaled 3.9 million net tons. The daily rate is about 10,000 tons per day higher than November when we saw total imports at 3.694 million tons. Based on this data through the 20th of January we believe total imports will come in between those two numbers – 3.694 to 3.9 million tons.
Semi-finished imports appear they will be lower than September, October and November and similar to December.
Hot rolled coil, even with the elimination of the Russian tonnage, is running higher than all of the past months. The Russian tons were easily replaced by Korea, Brazil, Netherlands, United Kingdom, Australia and New Zealand.
Just when the bottom fell out of oil prices OCTG imports start to rise. At the moment the trend is for OCTG imports to be higher in January than each of the previous four months. As of today, OCTG license requests average 18,771 tons per day. South Korean OCTG imports are poised to be at their highest export level since May 2014. South Korea has already requested 187,000 tons of licenses for January.
The only good news appears to be in cold rolled where the license rate is less than what we have seen over the past four months. Looking at the countries, China is still the major player but at lower levels than during the past four months. Coming on is Brazil with double the license requests they had in December.

Brett Linton
Read more from Brett LintonLatest 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 […]