NEW YORK Steel beam
imports were on track to jump 53.1 percent month over month in
October, paced by higher arrivals from one ongoing offshore
source and two that have been absent for most of this year.
Import license applications for
October for wide-flange and standard beams totaled 35,092
tonnes vs. preliminary imports of 22,914 tons in September,
according to Commerce Department data.
For October, South Korean
applications rose 44.5 percent to 10,065 tonnes from
Septembers preliminary arrivals of 6,967 tonnes, while
those from Luxembourg, another major beam exporter, were down
42.8 percent in October to 6,769 tonnes.
However, Spainwhich in
recent months has barely registered in U.S. beam import stats
and logged no arrivals in Septemberapplied for imports of
8,529 tonnes of standard beams in October. Sources believe
those beams arrived mostly in the Gulf region; one estimate of
their price on an ex-dock basis was $700 per ton ($35 per
hundredweight). Market observers noted the Spanish beams were
likely sold when the domestic price was higher.
The average unit value of the
Spanish beamsroughly their cost of productionwas
listed by the Commerce Department at $632.76 per tonne (about
$574.19 per ton), lower than any other country in either the
standard or wide-flange categories.
Meanwhile, license applications
in October for 4,342 tonnes of Russian beams, none of which
arrived in September, have raised the biggest questions. Market
sources said these beams appeared to be exported chiefly by
Evraz Group SA of Russia to its Evraz Inc. North America unit
in Portland, Ore. These beams, as well as about 2,000 tonnes of
beams that arrived earlier in the year, havent yet been
offered widely for sale, sources said; moreover, it appears the
Russian beams are mainly 40-foot lengths, which could limit
An Evraz NA spokeswoman
couldnt be reached for comment.