Steel Mills
ArcelorMittal USA Announces Higher Base Prices than NLMK USA
Written by John Packard
October 2, 2013
ArcelorMittal USA came out with new flat rolled base prices shortly after those announced by NLMK USA. In an email to their customers, AM advised, “Effective immediately, the following minimum base prices are applicable to all future orders accepted by Arcelor Mittal USA LLC for delivery by December 31, 2013.”
The base prices presented were higher than those requested by NLMK in their letter to their customers. AM is asking for a minimum of $34.00/cwt base on hot rolled coil ($680 per ton) and $39.50/cwt base on cold rolled and coated (galvanized & Galvalume) or $790 per ton plus extras.
The AM price levels are $10 per ton higher than NLMK on hot rolled and $20 per ton higher on cold rolled and coated.
ArcelorMittal did not provide any details as to why prices were being increased at this point in time.
As with NLMK, we have created a timeline for ArcelorMittal price increases below.
John Packard
Read more from John PackardLatest in Steel Mills
Cliffs unveils new hydrogen-powered stainless line in Ohio
CEO Lourenco Goncalves, flanked by state leaders and union reps, touted the project as proof that US manufacturing is not only alive, but also advancing.
Cliffs idles Steelton, Riverdale, and Conshohocken operations
Cliffs has idled facilities in Riverdale, Ill., and Conshohocken and Steelton, Pa.
Radius loss narrows, volumes climb in ‘healthy’ West Coast market
Stronger steel demand in the Western US, rising scrap flows, and improved rolling mill utilization drove sequential gains for Portland, Ore.-based Radius Recycling.
AISI: Raw steel production backs off multi-year high
US raw steel output edged lower last week after hitting a multi-year high in mid-June, according to the American Iron and Steel Institute (AISI).
Private equity firm Atlas Holdings to acquire Evraz North America
Atlas Holdings said it has signed a definitive agreement to acquire Evraz North America (Evraz NA). The Greenwich, Conn.-based private equity firm said it expects the deal for the Chicago-based steelmaker to close in the second quarter of 2025 subject to various closing condition.