Steel Products Prices North America
Nucor & ArcelorMittal Announce $40 Price Increase
Written by John Packard
December 13, 2015
On Friday Nucor and ArcelorMittal USA followed the lead of NLMK USA, Northstar Bluescope and AK Steel by announcing steel price increases on hot rolled, cold rolled and galvanized coated steels.
Nucor sent a letter to their customers advising them that base prices on new orders would increase by a minimum of $40 per ton ($2.00/cwt). Products affected were hot rolled, cold rolled and galvanized steels.
They also advised that the mill reserved the right to re-quote any offers that are not confirmed with a sales acknowledgement from the Nucor sales department.
Steel Market Update also learned that ArcelorMittal USA began informing their customers that they too were raising spot prices on flat rolled steels by $40 per ton. The news came out in the form of an email from the sales department advising the increase came from Dan Mull.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
CRU: Q3 will be the lowest point in current sheet price cycle
CRU Principal Analyst Shankhadeep Mukherjee expects a restocking cycle for steel sheet products in most parts of the world due to either low inventories or seasonally stronger demand.
CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.
SMU Price Ranges: Sheet and plate steady ahead of Independence Day
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.
Nucor maintains plate prices, opens August order book
Nucor aims to keep plate prices flat again with the opening of its August order book.
Nucor CSP remains level at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.