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: HR slips, hopes for Q4 rebound still standing
SMU’s price ranges were mixed again this week as the market continues to seek a floor amid industry hopes for a Q4 rebound.
Nucor’s hot band list price holds at $875/ton
Nucor held its hot-rolled coil list price flat again this week, according to its Monday, Sept. 15 consumer spot price (CSP) notice.
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.