US market eyes flat steel imports, but volumes decline in April

May 29, 2020 / www.metalbulletin.com / Article Link

While increased domestic flat steel prices could invite more imports into the United States, according to market participants, preliminary Census data shows that shipments of finished steel products in April declined on a year-on-year basis.

Domestic flat-rolled steel prices have gone up in the past two weeks as a result of higher scrap costs, slowly recovering demand and mills' second attempt to raise prices. 
The second wave of sheet price increases, which began last week, means that domestic steel producers are seeking prices that are roughly $100 per ton higher than their prices at the end of April. 
Even though sources understand that the pricing strength can be supported by rising raw material costs, extended lead times at some mills and significantly reduced capacity, most of them agreed that the impact of the price hikes may be short-lived unless demand improves dramatically.

Sources also warned that by pushing prices up too high, too fast, domestic mills were forcing buyers to seek foreign alternatives, and noted that still-weak demand would not support buyers - especially service centers - passing higher steel costs on...

Recent News

Gold and silver price ETFs see major net outflows

November 04, 2025 / canadianminingreport.com

Gold stocks decline by less than metal price

November 04, 2025 / www.canadianminingreport.com

A shift to the later stages of gold and silver bull markets

October 27, 2025 / www.canadianminingreport.com

Gold stocks plunge on metal drop

October 27, 2025 / www.canadianminingreport.com

Gold stocks still up after pullback late in the week

October 20, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok