Steel Products Prices North America
US Steel Announces Flat Rolled Price Increase
Written by John Packard
December 17, 2013
On Monday U.S. Steel put out a letter to their customers announcing a $20 per ton flat rolled spot price increase. The letter was from RY Kopf, General Manager North American Flat-Rolled Marketing and it read as follows:
Effective immediately, base pricing for all new Flat-rolled products spot orders is increased by a minimum of $20 USD per net ton. This increase is applicable to all open quotations and/or negotiations where an agreement is not yet concluded. Pricing extras, as published on our corporate web site, will continue to be fully applied.
Please communicate the details of this increase to our customers as soon as possible. Questions regarding this announcement should be directed to the appropriate NAFR Industry Manager or to me.
As we mentioned in Sunday night’s issue it is unusual for US Steel to make a public announcement. However, when reviewing the issues which exists at the other domestic mills it makes sense for USS to be the leader of this particular price increase announcement.
Steel buyers are telling us the USS announcement equates to essentially the same levels announced by AK Steel and Severstal NA back in early November. Hot rolled at approximately $700 per ton ($35.00/cwt), cold rolled and coated at approximately $810 per ton (base = $40.50/cwt) plus any applicable extras.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
Nucor lifts HR spot price by $10/ton
Nucor has raised its weekly spot list price on hot-rolled coil by $10 per short ton (st) after keeping it unchanged since Aug. 25.
Atlas Tube up $50/ton following NLMK USA sheet price hike
Atlas Tube, in a leading move, said it aims to increase prices for mechanical tubing, hollow structural sections (HSS), and piling products by at least $50 per short ton (st).
NLMK USA up $50/ton on HR and CR, up $100/ton on coated
NLMK USA plans to increase prices for hot-rolled and cold-rolled coil by at least $50 per short ton (st). The move is effective immediately for all spot orders, the steelmaker said in a letter to customers on Friday.
SMU Price Ranges: Sheet floor holds as market debates upside
Our average HR coil price increased $5/short ton from last week, marking a second consecutive week of modest gains. Market participants generally attributed the increase to...
Thin demand keeps plate prices hovering at lowest levels since February
Participants in the domestic plate market say spot prices appear to have hit the floor, and they continue to linger there. They say demand for steel remains thin, with plate products no exception.