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
Mexico’s TYASA breaks ground on SBQ rolling mill
Mexican steelmaker Talleres y Aceros (TYASA) broke ground this month on the construction of a new special bar quality (SBQ) rolling mill in the state of Veracruz.
Goncalves sees more US trade actions ahead, says Nippon deal for USS has ‘zero chance’
Cleveland-Cliffs’ Lourenco Goncalves thinks trade measures announced by the US government on Tuesday against China were just the opening salvo in a series of trade actions. Case in point: The Biden administration targeted China’s “unfair” trade policies with additional tariffs on an array of Chinese-made goods - including steel, aluminum, and EVs.
Nucor holds weekly HRC price steady after last week’s cut
Nucor chose to hold its consumer spot price (CSP) for hot-rolled (HR) coil steady this week after stunning the market last week with a significant price decline. The steelmaker said in a letter to customers on Monday morning that its $760-per-short-ton (st) CSP base price for HR coil is effective immediately. The price is unchanged from the CSP announced on May 6 but down $65/st from $825/st April 29.
Nucor’s Jellison set to retire, Spicer tapped for EVP role
Nucor said EVP Douglas J. Jellison plans to retire on June 8 after more than 33 years with the company. Randy J. Spicer will be promoted to EVP effective May 12.
Republican Senators demand Biden block USS sale to Nippon
Three vocal Republican senators are demanding that President Joe Biden block the sale of U.S. Steel to Japan’s Nippon Steel.