Steel Products Prices North America
September Final Census Data has Imports at 2.8 Million Tons
Written by John Packard
November 5, 2015
The U.S. Department of Commerce reported total foreign steel imports for the month of September 2015 were 2,834,240 net tons. This represents a 227,141 net ton reduction from the 3,061,381 net tons that arrived on U.S. shores during the month of August. The September tonnage was below both the twelve month and three month moving averages seen on carbon steel this year.
The table below spells out how each of the products followed by Steel Market Update performed during the months of August, September and the trend for October.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
Thin demand keeps plate prices hovering at lowest levels since February
Participants in the domestic plate market say spot prices appear to have hit the floor, and they continue to linger there. They say demand for steel remains thin, with plate products no exception.
SMU Price Ranges: HR crawls back to $800/ton
SMU’s HR price stands at $800/st on average, up $5/st from last week. The modest gain came as the low end of our range firmed, and despite the high end of our range declining slightly.
SMU successfully completes IOSCO review
SMU has successfully completed an external review of all our prices. The review has concluded that they algin with principles set by the International Organization of Securities Commissions (IOSCO).
Domestic plate prices could heat up despite so-so demand, market sources say
Some sources also speculated that plate could see further price increases thanks to modest but steady demand, lower imports, mill maintenance outages, and end markets less immediately affected by tariff-related disruptions.
SMU Price Ranges: HR holds, galv slips amid competing market narratives
SMU’s sheet and plate prices see-sawed this week as hot-rolled (HR) coil prices held their ground while prices for galvanized product slipped.