Steel Products Prices North America
August 19, 2014
Hot Rolled, Cold Rolled, Galvanized and Galvalume Apparent Steel Supply Growth
Written by John Packard
Steel Market Update (SMU) has been looking at the growth of each flat rolled product during the first six months 2014 vs. the first six months 2013. What we found is how foreign steel has been usurping much of the apparent steel supply growth from the U.S. steel mills.
Hot rolled shipments out of the domestic steel mills rose by 3 percent during the first six months 2014. However, when viewed by apparent hot rolled supply we found supply rose by 8.2 percent. The difference was the amount of foreign steel which arrived during the first six months 2014. The increase in HRC was 587,000 net tons (31.2 percent). At the same time the U.S. steel mills exported fewer hot rolled tons (-102,000 net tons).
