Friday, May 23, 2014

Q3 suspension agreement reference prices set for Russian HRC imports to US

The US Department of Commerce (DOC) calculated Friday the third quarter 2014 reference prices for hot-rolled steel flat products pursuant to the suspension agreement with Russia.  
 
In addition, the DOC has confirmed that the 2014 export limit for hot-rolled steel flat products pursuant to the suspension agreement is 1,109,071 metric tons.
 
The reference prices for the third quarter of 2014 (i.e., July 1 – September 30, 2014) are as follows (with the reference prices from the second quarter of 2014 in parentheses for comparison):
 
Group 1:  Commercial and Structural Quality Steel – A36; A1011-CS; A1011-SS-Grades 30, 33, 36, 40; A1018-SS-Grades 30, 33, 36, 40; and API 5L Grades A and B
 
Reference price:  $557.13 per metric ton  ($554.61 per metric ton)
 
 
Group 2:  HSLA & HSLA-F Quality Steel Grades – A752; A1011-HSLAS; A1018-HSLAS; A1011-HSLAS-F; A1018-HSLAS-F; API 5L Grades X42, X46, X52, X56, X60; and API 5CT Grades J55 and K55
 
Reference price:  $612.84 per metric ton  ($610.07 per metric ton)
 
Group 3:  High Grade Coils and Sheets for Pipes and Casings – API 5L Grades X65, X70, X80
 

Reference price:  $713.12 per metric ton  ($709.90 per metric ton)
Source - SteelOrbis