Steel Products Prices North America
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Canada Considers Collecting Melt & Pour Info on Steel Imports
Written by Laura Miller
May 13, 2022
Canada is seeking public comment as it considers collecting and publishing country-specific information about where steel imports are melted and poured under the nation’s Steel Import Monitoring Program.
Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development announced the public consultations. Monitoring the country where a steel import was originally melted and poured “could increase supply chain transparency and help in obtaining a more fulsome picture of the origins of imported steel goods,” Ng’s office said.
All Canadians, including steel producers, manufacturers, processors, distributors, retailers and importers, industry associations and labor unions, as well as academics and experts, are invited to take part in the consultations through June 26.
Canada’s government says strengthening its steel import monitoring system is key in helping to improve its trade-remedy systems.
“Canada’s steel sector is an important part of our economy, providing thousands of Canadians with good middle-class jobs. Our government is committed to ensuring that the steel industry, and the people and communities who rely on it, are able to compete and succeed in a market that is not distorted by unfairly traded steel imports,” Ng said in a statement.
The Canadian Steel Producers Association welcomed Ng’s announcement in a Tweet, saying, “We must keep pace with our trading partners & increased transparency in the steel supply chain is important as we work to promote Canada as a reliable producer of green steel.”
By Laura Miller, Laura@SteelMarketUpdate.com
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Laura Miller
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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 […]
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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 […]
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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 […]
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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 […]