Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/2955874dabdd61fd763b543a1fbf3447.jpg)
ArcelorMittal Announces Price Increase- USS, NLMK, Severstal Follow
Written by Brett Linton
March 18, 2014
In an email sent late in the afternoon on Monday, March 17th, ArcelorMittal USA announced a price increase on all of their new flat rolled orders, with specific base prices at $33.00 for hot rolled, $39.50 for cold rolled, and $39.50 for galvanized. The mill justified their increase by stating “Despite the recent drop in scrap prices, energy and transportation costs have skyrocketed and offset any cost benefit in our operations that may be incorrectly perceived.”
Early Tuesday, two other steel mills followed the lead of ArcelorMittal by raising their prices, NLMK USA and US Steel. The new base prices out of NLMK were the same as those from ArcelorMittal, while the US Steel announcement stated a $40 per ton increase on spot orders rather than stating a firm base price.
Later in the day, Severstal followed suit and followed ArcelorMittal and NLMK, announcing new base prices at the same level as the other mills. Highlights from their announcement include “The winter has been a difficult one for all of us… Steel production and shipments have been reduced and delayed across the industry, especially in the Midwest. Further complicating the picture, we have faced dramatically higher energy costs due to increased consumer needs for heating” and “Steel production is healthy, but as a result scrap cost is also looking to move up over the next few months.”
We are watching the AK Steel website as they tend to publish their price increases (normally they post increases after 4 PM).
We understand that Nucor has sales meetings scheduled for tomorrow (Wednesday) and expect they will follow with some form of announcement.
SDI does not announce their changes in prices in writing to their customers.
A $40 per ton price increase, based on SMU indices from today, would take hot rolled to $660 per ton, cold rolled to $780 per ton, galvanized base to $765 per ton and Galvalume base to $775 per ton.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2024/04/SMU_BL_headshot-V4-150x150.png)
Brett Linton
Read more from Brett LintonLatest in Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/CRU-Logo-2023-07-21-at-4.35.41-PM.png)
CRU: Longs pricing trends diverge in North, South America
Most longs prices in the US were unchanged this month, except for rebar, which declined by $1.50/cwt ($30/short ton) m/m. While end-use demand is stable, inventories are well-stocked, keeping purchases limited. Domestic availability is sufficient to meet current demand, hindering the appetite for imported material. Meanwhile, prices for scrap remained under pressure in June, with […]
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor cuts plate prices by $125/ton, cites ongoing competition
Nucor Corp. announced that its plate mill group would cut prices for as-rolled, discrete, and normalized plate with the opening of its August order book.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor cuts HR price for fourth straight week
Nucor lowered its consumer spot price (CSP) for hot-rolled (HR) coil by another $10 per short ton (st) for the first week of July. The steelmaker said in a letter to customers on Monday that its CSP base price for the week will be $670/st for all of its sheet mills with the exception of California Steel Industries (CSI).
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Cliffs_logo2.2.png)
Cliffs sets $720/ton HR price with opening of August books
Cleveland-Cliffs on Tuesday announced its monthly hot-rolled (HR) coil price of $720 per short ton (st) with the official opening of its August order book. The rate is down from last month’s price of $800/st.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/CRU-Logo-2023-07-21-at-4.35.41-PM.png)
CRU: Demand weakness continues to weigh on global sheet markets
Demand has remained persistently weak across the globe for sheet steel, weighing on prices. US HR coil prices fell the furthest this week as high-volume, low-priced deals were transacted as mills looked to fill order books and competed with one another amid relative demand weakness. Meanwhile, European prices were also down due to low demand […]