Steel Products Prices North America
NLMK USA Announces February Base Pricing
Written by John Packard
December 28, 2013
In a letter to their customers dated today, Monday, December 23, 2013 – NLMK USA opened their February order book and advised their customers of their “minimum” new base price levels:
Hot Rolled $35.00/cwt ($700 per ton)
Cold Rolled $40.50/cwt ($810 per ton)
Coated $40.50/cwt ($810 per ton)
Specialty $25/ton increase on all high carbon and alloy products.
NLMK USA also advised that all published extras are in effect and that the pricing is to be effective immediately on all new orders.
The letter was signed by James M Banker, Jr., Executive Vice President, Commercial for NLMK USA.
The base prices referenced are in line with the US Steel announcement of December 16, 2013 as well as the AK Steel and Severstal NA announcements made early in November 2013 (Severstal was $40.00/cwt on cold rolled and coated).
John Packard
Read more from John PackardLatest in Steel Products Prices North America
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.
HRC vs. busheling spread narrows in August
The price spread between prime scrap and hot-rolled coil (HRC) narrowed in August, according to SMU’s most recent pricing data.
SMU Price Ranges: Market drifts lower still
All five of SMU's steel sheet and plate price indices declined this week, falling to lows last seen in February.
Discontentment brews in plate market with flat, status-quo pricing
Sources in the carbon and alloy steel plate market said they are less discouraged by market uncertainty resulting from tariffs or foreign relations, but are instead, eager to see disruption to the flat pricing environment.
Nucor lowers HR coil spot price by $15/ton
Nucor has implemented a double-digit price decrease on spot hot-rolled (HR) coil for the second consecutive week.