Steel Products Prices North America
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Galvanized Import Analysis 2009-YTD
Written by John Packard
April 22, 2017
Steel Market Update (SMU) has been going through the import data as presented by the U.S. Department of Commerce going back to 2009 (Great Recession) and looking at the market as we came out of the Great Recession. In 2009, 2010 and 2011 galvanized imports were 1 to 1.5 million net tons. In 2012 and 2013 the tonnage barely broke through 2 million tons. Since then, imports of hot dipped galvanized have exceeded 3 million net tons with the high being 3,355,515 net tons in 2015 resulting in the AD/CVD suits which were filed on CORE (corrosion resistant products) in June 2015.
In 2015 the top 9 exporting countries were: Canada, China, Korea, India, Taiwan, Brazil, Italy, Mexico and the Netherlands.
So far 2017 is on pace to meet, or exceed, the 2015 3.3 million ton number. The top 9 countries now are: Canada, Taiwan, Vietnam, Brazil, Korea, South Africa, UAE, Turkey and India.
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John Packard
Read more from John PackardLatest in Steel Products Prices North America
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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.
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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.
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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 […]
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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.
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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.