On Monday, January 23rd, AK Steel announced a price increase on all flat rolled steel products of $40 per ton ($2.00/cwt). The price increase is for “spot” orders only and is “effective immediately” according to the press release issued by the company.
This is the first price announcement so far during the 2013 calendar year. During calendar year 2012, AK Steel made eight price announcements on flat rolled steel totaling $320 per ton ($16.00/cwt). Last year began with prices averaging $725 per ton they peaked at $745 per ton, dropped to a low of $580 per ton before ending the year at $635 per ton.
The mill did not provide any reason for their price announcement.
Note: Should say – Mill Announces “Second” not “Fourth” Price increase in the second to last line.
John PackardRead more from John Packard
Latest in Steel Products
Active US rig count rises to 5-month high, Canada level
The number of active rigs in the US inched up to the highest level seen since September, according to the latest data from Baker Hughes.
US HRC is just $42/st more expensive than imports
The premium US hot-rolled coil (HRC) held over offshore product for roughly five months has nearly vanished. Domestic hot band prices continue to run downhill at a high rate, erasing a $300/st gap they had over imported HRC just two months ago.
Nucor slashes plate prices by $90/st
Nucor Corp. announced that its plate mill group would cut prices for as-rolled, discrete, and normalized plate with the opening of its April order book.
Leibowitz: The future of WTO dispute settlement in the MC 13 conference
This week, the World Trade Organization (WTO) ministerial conference convenes in Abu Dhabi, UAE. There are many issues on the WTO’s plate. The question is whether any resolution of these matters is likely or even possible. One of the most important issues is the future of the dispute settlement system, which has been rendered impotent […]
US rig count expands, Canada slips
Rig counts in the US and Canada were mixed again for the week ended Feb. 23. The US saw totals move higher, while Canadian rig figures slipped week on week (w/w), Baker Hughes’ latest data shows. US rigs The number of active rotary rigs in the US expanded by five to 626 from the previous […]