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
CRU: Q3 will be the lowest point in current sheet price cycle
CRU Principal Analyst Shankhadeep Mukherjee expects a restocking cycle for steel sheet products in most parts of the world due to either low inventories or seasonally stronger demand.
CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.
SMU Price Ranges: Sheet and plate steady ahead of Independence Day
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.
Nucor maintains plate prices, opens August order book
Nucor aims to keep plate prices flat again with the opening of its August order book.
Nucor CSP remains level at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.