Steel Products Prices North America
Final October Foreign Steel Imports at 3.1 Million Tons
Written by John Packard
December 7, 2017
Final October imports were reported to be 3,148,243 net tons, according to U.S. Department of Commerce data released earlier this week.
Total October imports were up 2.0 percent over September, and up 16.0 percent compared to levels one year ago.
The Commerce Department also released license data this week that now suggests foreign steel imports in November 2017 will reach 2.8 million net tons. This is about 200,000 tons greater than what the import license data was showing one week ago.
Finished steel imports (removing semi-finished imports, mostly slabs and some billets being sold to domestic producers) are coming in around 2.3 million net tons.
SMU is seeing reductions in imports of the products we follow with the one exception being coiled plate.
Based on the license data for November, imports are 300,000 tons lower than the prior month. When compared to November 2016, imports are essentially unchanged.
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 […]