Steel Products
July Flat Rolled Pricing Cycle: Prices Moved Higher
Written by John Packard
August 13, 2013
Each month Steel Market Update will update our Monthly customers regarding the pricing cycles and any changes which occurred during the month.
The month of July saw a continuation of the “up” pricing cycle which began on May 22nd when U.S. Steel announced a $50 per ton price hike. The goal for the
first price hike was to take benchmark hot rolled prices to $610 per ton ($30.50/cwt).
During June there were two price hikes which bled into the beginning of July taking benchmark hot rolled to $650-$655 per ton ($32.50/cwt-$32.75/cwt).
The last increase announcement was begun by Severstal NA on July 23rd taking base prices to $675 per ton ($33.75/cwt) on hot rolled, $775 per ton ($38.75/cwt) on cold rolled and hot dipped galvanized. Other mills made flat price announcements of $25 per ton and then Nucor came out with pricing $5 per ton ($.25/cwt) below those of Severstal.
The bottom line is the new target base price for spot hot rolled is $670-$675 per ton and $770-$775 per ton on cold rolled and coated. We are seeing some mills asking for as much as $10 per ton above these prices in their quotes to small and medium sized customers.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/john-packard.png)
John Packard
Read more from John PackardLatest in Steel Products
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/10/CMC-New-Logo.png)
CMC to open rebar fabrication facility in Ohio
Longs producer and metal recycler CMC plans to open a new rebar fabrication plant in Akron, Ohio.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/steel_trade.png)
US and Mexico take action to curb ‘unfair’ trade
The US and Mexico announced measures on Wednesday to prevent tariff evasion and protect North America’s steel and aluminum industries.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/gears.png)
Final thoughts
First off, we hope everyone had a safe and happy July 4th holiday, with fireworks seen and BBQs attended. Many parts of the country are quite toasty at the moment, signaling that, yes, summer has indeed arrived. And looking at our most recent survey results, the summer doldrums have arrived as well.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/12/Rig_count_pic_3-scaled.jpg)
Active rig counts recover in US, slip in Canada
US drill rig activity moved back up last week after drifting lower for four straight weeks. Meanwhile, Canadian counts slipped for the first time after a seven-week rally, according to the latest data from Baker Hughes.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/AISI.png)
AISI: US steel shipments up in May from April, off from 2023
Domestic steel shipments increased in May month over month but have fallen on-year.