U.S. long product exports increased y-o-y
In February 2023, U.S. long product exports increased by 12.7% y-o-y to about 159,000 tons.
US steel import permits increased in March
According to the American Iron and Steel Institute (AISI), steel import permits reached a level of 2,705,000 tons in March, showing a monthly increase of 23.1%.
Import permits for rolled steel reached 1,943,000 tons in March, increased by 11.1% compared to February.
Pig iron exports from Brazil to the US took place on the top
In March, Brazil's peak iron ore exports increased by approximately 110.5% compared to February, reaching around 438,000 tons. The highest demand came from the United States.
The exported iron was mostly sent to the United States (352,000 tons), followed by Europe (63,000 tons), and Asia (15,000 tons). Suppliers from the states of Minas Gerais, Espírito Santo, Mato Grosso do Sul, and Pará were responsible for the exports.
U.S. cold-rolled steel imports decreased m-o-m and yo-y in February
According to data from the US Department of Commerce, US cold rolled steel imports decreased by approximately 28.4% compared to January, and by 38% compared to the same period the previous year, reaching around 75,000 tons.
During this period, the import value was around 78 million US dollars.
According to February data, an increase was observed in US galvanized sheet metal exports (HDG)
In February, US exports of galvanized steel sheet (HDG) increased by 2.7% compared to January and by 9% compared to February 2022, reaching a level of 109,300 tons.
The export value also increased on a monthly and yearly basis, reaching 144 million US dollars.
While Mexico's annual consumption of hot-dip galvanized steel increased, the production of hot-dip galvanized coils decreased
In February of this year, Mexico's consumption of hot-dip galvanized coil increased by 4.8% compared to the same period of the previous year, reaching a level of 351,000 tons.
During this period, the export value decreased by 32.7% on an annual basis, and fell to 37,000 tons, while the import value increased by 5.1% and reached 123,000 tons.
While the US steel imports decreased for ten consecutive months, it decreased on y-oy- in March of this year
The US steel imports in March were around 2.45 million tons, decreasing by approximately 13% compared to the same period of the previous year.
HRC, CRC and HDG imports decreased. The import of hot-rolled coils decreased by approximately 40% on an annual basis, reaching around 146,000 tons. The import of hot-dip galvanized coils also decreased by around 42% on an annual basis, reaching approximately 167,000 tons. Meanwhile, the import of cold-rolled coils decreased by around 42% on an annual basis, reaching 91,000 tons.
The US exported less drawn wire in February
The country exported 3.2% less wire rope in February 2023 compared to January of the same year, and 16.9% less compared to the same period of the previous year. The total exported wire rope amounted to 45,319 tons.
The largest export source was Mexico with 18.929 tons.
The steel prices of Brazil were announced on April 10, 2023
Starting this week with a decrease, slab prices decresed from $895.00 to $875.00.
The pig iron prices were at the level of $553.00.
Iron ore prices remained stable at $148.40 on the first day of the week.
How did the US steel market start the week?
HMS1 scrap prices fell to $420. The HMS ½ (80:20) scrap started the week steadily at $440.
The pig iron price of the US started the new week at $570, the hot-rolled coil (HRC) price at $1,250.00, and the cold-rolled coil price at $1,350.00, maintaining their stability.
The US iron ore price, on the other hand, increased from $119.16 to $119.75 on the first day of the week.
Australia's coking coal prices started the week with a decrease
Australia's coking coal prices started the week of April 10 with a decrease, decreasing from $305 to $294.
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