Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/b146a80f90ba1837e23d458b039f1080.jpg)
Letter to the Editor: What is Free and Fair Trade?
Written by John Packard
June 4, 2015
Steel Market Update received the following letter to the editor from one of our readers regarding the running conversation we have been having in our newsletter regarding free trade and if dumping suits are justified at this time.
“Thank you for the opportunity to comment on one of the Trader’s viewpoints, specifically the “China will set the world price on steel and it’s up to US mills to restructure their costs around it than to look to antidumping as a sustainable strategy.” Really? How would a company in a market economy go about “restructuring its costs” to compete with state owned enterprises that are given government loans each year to cover their losses (generated from selling below their costs) with no intention of ever paying them back? Should the U.S. government take over the domestic steel companies so they can subsidize their losses with taxpayer dollars? Without a distinction between what is free and fair trade it’s hard to have an objective conversation on this.”
David W. Seeger
President
JMC Steel Group
Mr. Seeger provided us with a link to an interview he did which was published on the JMC blog. We have provided the link for our readers so you can learn more about the opinions of David Seeger regarding trade of internationally produced steel.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/john-packard.png)
John Packard
Read more from John PackardLatest in Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor inches HR price up, aims for $695/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $695 per short ton (st), up $5/st from last week.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor maintains $690/ton HR base price
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil is unchanged from last week at $690/ton.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/CRU-Logo-2023-07-21-at-4.35.41-PM.png)
CRU: US prices find a bottom as other markets fall
The US sheet market appears to have reached a bottom following consistent weekly declines since April. However, other markets remain weak due to limited demand. Trading in Europe has been slow due to summer holidays. While European mills are also undergoing maintenance outages, these have not been enough to offset ongoing price falls, with weak […]
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Cliffs_logo2.2.png)
Cliffs seeks $700/ton for HR, up $30/ton from last week
Cleveland-Cliffs said on Wednesday that it would seek at least $700 per short ton (st) for hot-rolled (HR) coil. The Cleveland-based steelmaker said it made the move "due to ongoing market developments." The company said the increase was effective immediately for HR orders for September.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor aims for $675/ton for HR
Nucor has raised its consumer spot price (CSP) for hot-rolled (HR) coil to $675 per short ton (st), up $25/st from last week.