Steel Products Prices North America
Steel Imports Down 14 Percent Through September
Written by Tim Triplett
October 29, 2019
Steel imports are down significantly this year, the result of trade actions and economic forces, but the import market share is relatively unchanged.
Through the first nine months of 2019, the U.S. imported at total of 22.6 million tons of steel, a 13.7 percent decline from the same period in 2018, reports the American Iron and Steel Institute. Finished steel imports, totaling 16.9 million tons, were down 16.1 percent, according to the Census Bureau data. However, the market share for finished steel imports is still an estimated 20 percent.
Annualized, total steel imports would be down by 10.7 percent and finished steel imports down by 12.5 percent versus full-year 2018, AISI reported.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
SMU price ranges: Most sheet and plate products drift lower
Steel sheet prices mostly edged lower for a second week, while plate prices slipped for the third consecutive week.
Nucor drops HRC price to $720/ton
After holding its weekly spot price for hot-rolled (HR) coil steady for three weeks at $730 per short ton (st), Nucor lowered the price this week by $10/st.
SMU price ranges: Sheet slips, plate falls to 45-month low
Steel sheet and plate prices moved lower this week as efforts among some mills to hold the line on tags ran up against continued concerns about demand.
CRU: US longs prices remain mostly flat in October
CRU Senior Steel Analyst Alexandra Anderson shares insight into the current market for long steel products.
Nucor holds HR base price at $730/st
Nucor is holding its hot-rolled (HR) coil consumer spot price (CSP) at $730 per short ton (st) this week.