Tag: Imports

The price gap between US hot-rolled coil (HR) and landed offshore product widened this week, as stateside tags were little changed.

An administrative review of the anti-dumping duty (AD) order on heavy-walled rectangular pipe and tube from Mexico has found evidence of continued dumping by Mexican companies.

Prices are moving up and lead times moving. And most people expect them to continue to do so for a little while longer, according to our latest survey results. But there is one big wildcard: the Iran war.

Plate sources say they’re welcoming imports as domestic mill delivery delays, extended lead times, and climbing prices make fully adopting US-produced plate products unrealistic.  

Cold-rolled (CR) coil prices ticked up in the US this week, matching a similar trend seen in most offshore markets as well.

Mexico’s Secretary of Economy is conducting ‘Operation Clean-Up,” inspecting suspicious steel companies to verify compliance with rules of origin.

The price gap between US hot-rolled coil (HR) and landed offshore product tightened this week, as stateside tags continue to rise.

CVDs and anti-dumping duties matter when importing steel. Korea often offers very competitive import rates. The importer of record is responsible for paying any ADs, CVDs, or tariffs.

Let’s say the going price for HR is around $1,000/st. Want to place a 1,000-ton spot order at that price? Good luck. It probably won’t be easy.

Sources in the domestic hot- and cold-rolled coil market said they are beginning to feel prices creeping up this week.  

December supply increased 7% from November to the third-lowest monthly rate of the year.

The price gap between US hot-rolled coil (HR/HRC) and landed offshore product remained largely flat again this week, as price movements stateside and abroad mirrored each other.

With domestic steel prices rising steadily and mill lead times pushing out, import offers are becoming more attractive to US buyers.

Even folks who had been firmly in what I’ll call the “February peak” camp now seem to agree that sheet and plate prices could move higher for longer than they anticipated.

Steel imports slowed further in December and January to some of the lowest volumes recorded in recent years.

The US Department of Commerce is adjusting the countervailing duties (CVDs) on steel plate imports from Korea.

Earlier this week, SMU polled steel buyers on an array of topics, ranging from market prices, demand, and inventories to tariffs, imports, and evolving market events.

The price gap between US hot-rolled coil (HR/HRC) and landed offshore product was largely flat this week, as price movements stateside and abroad mirrored each other. Still, the premium for US hot band over imports has remained in a relatively tight band since early December.

I’m going to play devil’s advocate for a narrative that has become the consensus for much of the US steel market. You know how it goes. Domestic steel prices will continue to go up despite uneven demand thanks to low supplies stemming in large part from tariffs and limited import competition. That's been the case for months now. Will it continue to be?

November apparent steel supply declined 9% or 772,000 short tons (st) from October to 7.61 million st, the lowest measure recorded since February 2021

The price gap between US hot-rolled coil and landed offshore product narrowed this week, as price movements stateside and abroad diverged.

US rebar and wire rod prices rose month on month (m/m) alongside continued scrap increases, while merchant bar and structurals were unchanged.

Steel imports remain weak in November and December according to recently released final US Commerce Department data. Many of the sheet and plate products we follow slipped to multi-year lows.

The US Department of Commerce has found that certain steel pipe rolled in Oman using Chinese hot-rolled coil is illegally circumventing anti-dumping and countervailing duties (AD/CVDs).

A coalition of US steel industry CEOs has formally urged President Trump to maintain—and fully enforce—current Section 232 tariffs on steel and steel‑containing goods.

The price gap between US hot-rolled coil and landed offshore product inched higher, even as prices stateside and abroad mostly moved in tandem vs. last week.

Lower finished steel imports continued to support US domestic prices this month. HR coil prices are up more than $40 per metric ton (mt) month-on-month (m/m) due to higher seasonal demand in January and tightening domestic supply.

The plate market’s swell of optimistic sentiment marking the start of 2026 dissipated this week.  

The price gap between US hot-rolled coil (HR) and landed offshore product has been relatively flat to begin the year.

US steel imports have fallen sharply under the new 50% Section 232 tariff regime. Jerry Richardson, general director of CSN LLC, discussed on an SMU Community Chat this week how the market is now structurally tighter and more volatile than at any point in the past decade.