On Wednesday, January 2, 2014, ArcelorMittal Dofasco out of Hamilton, Ontario, Canada advised their customers through the use of an internal memo that their flat rolled steel prices would change. The company noted the changes were being made, “Due to recent changes in the exchange rates and market conditions for Flat Rolled products…” The company went on to state that the changes being requested were to be in effect immediately.
Hot Rolled $35.00/cwt USD or $37.00/cwt CND
Cold Rolled $40.50/cwt USD or $43.00/cwt CND
Galvanized $40.50/cwt USD or $43.00/cwt CND
Galvanneal $41.00/cwt USD or $43.50/cwt CND
Galvalume $41.50/cwt USD or $44.00/cwt CND
The company also advised that their full extras would continue to be applicable on all orders.
The price levels on hot rolled, cold rolled and galvanized are the same as what we have been seeing out of the U.S. domestic steel mills.
If you would like to view a larger version of the memo to the left you can click on it to expand it.
John PackardRead more from John Packard
Latest in Steel Products Prices North America
SMU Price Ranges: Sheet Rebounds – Sustainable Rally or Dead-Cat Bounce?
Sheet prices rose this week on the heels of a price increase announced by Cleveland-Cliffs last week that was quietly followed by other mills.
Plate Report: Mills Hold the Line Despite Slowing Demand
US plate prices have been relatively flat this year, especially when compared to sheet products. Case in point; SMU's plate prices stands at $1,455 per ton ($72.75 per cwt) on average, down 7% from a $1,560 per ton peak in April. Our HRC price is at $645 per ton, down 44% from an April peak of $1,160 per ton.
Nucor Maintains Plate Prices
Nucor Corp. will keep plate prices unchanged with the opening of its November order book.
Most Mills Still Willing To Negotiate Lower Sheet and Plate Prices: SMU Survey
The overall steel mill negotiation rate remained level this week vs. two weeks earlier, but plate’s rate fell by 15 percentage points, according to SMU’s most recent survey data.
SMU Price Ranges: Sheet Declines Moderate – Meaning or Noise?
Hot-rolled coil prices were down again this week, continuing a streak of week-over-week (WoW) declines that began in early/mid-July.