Steel Products Prices North America
May License Trend is Indicating a Big Month for Foreign Steel Imports
Written by John Packard
May 18, 2017
The U.S. Department of Commerce (DOC) reported foreign steel import license data earlier this week. Based on the daily rate and projecting it over the course of the entire month of May we are anticipating another 3.0 million net ton month. As of the 17th of May the trend is for imports to be close to the 3.4 and 3.5 million net ton levels seen in March and April 2017.
The steel mills continue to be the largest importers of foreign steel with the data suggesting semi-finished steels (slabs/billets) will be around 800,000+ net tons. When adding some of the hot rolled and cold rolled being imported, also belonging to the domestic steel mills, the mills may actually be importing almost a third of the foreign steel coming into the country in May.
We are also seeing a surge of imports of oil country tubular goods (OCTG) and Galvalume. High imports are also expected on galvanized.
Lower imports appear to be happening on hot rolled and cold rolled.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
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 […]
ArcelorMittal Dofasco increases spot sheet prices
ArcelorMittal Dofasco is raising spot sheet prices by CA$100 per ton (US$70/ton). The Hamilton, Ontario-based flat rolled steelmaker told customers the increase is effective immediately for all new orders. It did not specify to what level this brings its base prices but noted its right to re-quote previous but unconfirmed orders. “We will continue to […]
Nucor raises HR spot price to $775/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $775 per short ton (st) on Monday, Feb. 3. The $15/st week-on-week (w/w) rise marks the first back-to-back increases in the steelmaker’s weekly CSP since last August, according to SMU’s mill price announcement calendar. Nucor’s joint-venture subsidiary California Steel Industries (CSI) is also up […]
Nucor raises HR spot price to $760/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $760 per short ton (st) on Monday, Jan. 21. The $10/st week-on-week (w/w) rise marks the first increase in the CSP since Nov. 12. According to SMU’s mill price announcement calendar, the Charlotte, N.C.-based steelmaker held the weekly price at $750/st for 11 […]