Steel Products Prices North America

USS/Posco Announces Base Prices for March 2014 Orders
Written by John Packard
December 22, 2013
U.S. Steel – POSCO Industries (UPI) has opened their March flat rolled steel order book and in the process the company has put out a letter to their customers advising of the new minimum base prices the mill will be charging for hot rolled pickled & Oiled (HRPO), cold rolled (fully annealed) and hot dipped galvanized.
The new base prices, fob UPI are quoted to be as follows:
HRPO $35.75/cwt or $715 per ton (includes the P&O extra)
Cold Rolled $40.00/cwt or $800 per ton
Galvanized $42.50/cwt or $850 per ton
The mill also advised that their published mill extras would continue to apply for any March 2014 orders.
The letter was signed by Charles Kearney, Vice President-Commercial

John Packard
Read more from John PackardLatest in Steel Products Prices North America

Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.

SMU Price Ranges: Some predict bottom is near as big discounts dry up
Sheet prices were mixed this week as some mills continued to offer significant discounts to larger buyers while others have shifted toward being more disciplined, market participants said.

SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.

Nucor spot HR list price unchanged at $875/ton
Nucor kept its weekly list price for hot-rolled (HR) coil unchanged this week, following a price bump of $10 per short ton (st) last week.

SMU price ranges: Flat-rolled balloon continues to leak
Sheet and plate prices were flat or lower again this week on continued concerns about demand and higher production rates among US mills.