Steel Products Prices North America

Cyclone Debbie Disrupts Met Coal Exports
Written by Sandy Williams
April 6, 2017
Cyclone Debbie passed through Australia’s metallurgical coal region last week doing minimal damage to the mines and ports but shut down railway lines. Damage to the major coal carrying Goonyella rail corridor was extensive and may take as long as five weeks to repair. Australian companies estimate 15-20 million tonnes of met coal may be impacted.
The cyclone coincided with dropping met coal prices which were down by half to $151.50 mt FOB March 24 compared to the November 18 prices of $310/mt FOB Australia. China, Australia’s biggest market for coal, shifted to US sources to fill the shortfall. American coal companies are reportedly overwhelmed with inquiries from Asian customers.
On Monday, USB said spot price could jump by $100 per ton. By Tuesday, Steel Index reported met coal jumped to $176.80, after a 15 percent increase the day before. Platts Index reported coal soared to $241 today, April 6.

Sandy Williams
Read more from Sandy WilliamsLatest 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 […]