Steel Products Prices North America

ArcelorMittal First to Raise Flat Rolled Spot Pricing
Written by John Packard
March 18, 2014
Late on Monday afternoon, ArcelorMittal moved to raise spot flat rolled steel pricing. In an email to their customers, AM reported that, “Inventories on sheet products appear to be in balance of slightly lean compared to our second quarter consumption forecast. As a result, we are quite surprised by the recent erosion in pricing that has been reported by customers and reflected in some indexes we monitor.”
The mill went on to say, “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.”
The mill then went on to announce new “minimum” base prices on all sheet products. The prices are to be effectively immediately. The base prices are as follows:
Hot Rolled: $660 per ton ($33.00/cwt)
Cold Rolled: $790 per ton ($39.50/cwt)
Galvanized: $790 per ton ($39.50/cwt)
The email did not provide new base prices on Galvalume (but SMU assumes $39.50/cwt base).
Steel Market Update had hot rolled average pricing at $620 per ton ($31.00/cwt) and the new HRC price would indicate an increase of $40 per ton.

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

SMU Price Ranges: HR holds, galv slips amid competing market narratives
SMU’s sheet and plate prices see-sawed this week as hot-rolled (HR) coil prices held their ground while prices for galvanized product slipped.

Nucor carries $875/ton HR list price into week seven
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Oct. 6

SMU Price Ranges: A newsy week sees modest price gains despite a quiet spot market
Market participants predicted that prices should be at or near a bottom. But while most seemed to agree on that point, many also said they saw little upside given a quiet spot market and ongoing concerns about demand.

Nucor increases plate prices by $60/ton
Nucor aims to increase prices for steel plate by $60 per short ton with the opening of its November order book.

Nucor’s $875/ton HR spot price spills into week six
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Sept. 29.