Steel Products Prices North America
SMU Analysis of Galvanized and Galvalume Imports
Written by John Packard
June 4, 2015
Steel Market Update (SMU) wants to provide as much detail as possible regarding imports of coated steels into the United States. In particular, we are focusing on galvanized and Galvalume imports from China, India, Taiwan, South Korea and Italy.
Galvanized:
When looking at the data for 2012, 2013, 2014 and the first 4 months 2015, the growth in both tonnage and the percentage of the total is quite noticeable when looking at China’s data. India’s percentage of the total has remained about the same at 15 percent as have South Korea (10 percent), Taiwan (8 percent) and Italy (4.5 percent).
However, the total tonnage coming into the United States rose dramatically in 2014 and 2015 is on pace to exceed 2014 levels.
Galvalume (other metallic coated):
When reviewing “other metallic” data produced by the US Department of Commerce (the vast majority of this material being Galvalume), we noticed that the total tonnage has been rising each year since 2012 and exceeded 1 million net tons for the first time last year. At the current rate (based on the first 4 months of the new year) 2015 would exceed last year’s total.
Taiwan is the largest supplier of Galvalume and has been for some time. Since 2012 the country exports about 40 percent of the total Galvalume sent to this country. Taiwan is on pace to meet 2014 levels during 2015 based on the first 4 months of receipts.
South Korea has been becoming a much larger player in the Galvalume (and aluminized) markets and for the first 4 months 2015 accounts for 32 percent of the total other metallic shipped to the USA.
India and Italy are very small players in the Galvalume markets with Italy being less than one-half a percent of the total and India moving from less than one percent to 2.2 percent in 2014.
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 […]