Steel Products Prices North America

February Foreign Steel Imports Trending Toward Lowest Level in Years
Written by Brett Linton
February 13, 2018
The U.S. Department of Commerce released license data through the first 13 days of February that “suggests” foreign steel imports could be at the lowest levels seens in many years. The trend is for imports to barely exceed 2 million net tons, almost one-third lower than the 3 million tons that were reported for January. The U.S. imported 2.7 million tons of foreign steel during February 2017 (2.2 million in 2016).
If February steel imports do end up around 2.1 million tons, it will be the lowest level for a month since December 2011 when the U.S. imported 2,064,143 tons.
Imports are decreasing on essentially all flat rolled products (see table below). Remember that we have taken the first 13 days’ license rate and calculated where the totals would be if that rate were to continue over the full course of the month. We will continue to carefully watch the import numbers each Tuesday evening to see if the trend continues. If it does, and March follows along behind February at the same daily rate, we could see a dramatic pullback in service center inventories.
Just something else buyers need to watch…
Below is a graph showing our steel imports history through final December data. You will need to view the graph on our website to use its interactive features; you can do so by clicking here. If you need assistance logging into or navigating the website, please contact our office at 800-432-3475 or info@SteelMarketUpdate.com.

Brett Linton
Read more from Brett LintonLatest 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 […]