Market Segment
California Steel and USS/Posco Raise Flat Rolled Spot Pricing
Written by John Packard
December 15, 2015
USS/Posco (UPI) and California Steel both sent out letters over the past few working days advising their customers of their intention to raise prices on spot flat rolled orders.
On December 11, 2015 USS/Posco sent out a letter announcing $40 per ton.
On Monday, December 14, 2015 California Steel Industries (CSI) opened their February order book and at the same time they announced a $40 per ton ($2.00/cwt) increase on all of their flat rolled products.
According to one of our West Coast sources, the California Steel price increase announcement letter came with comments from sales telling their customers that “for you” the price increase was only going to be up $20 per ton (not the full $40).
West Coast foreign hot rolled offers were reported to be $380 EDDP out of Korea and Japan. Cold rolled offers are reported to range from $435 base up to the high $440’s. The countries mentioned the most are Thailand, Korea and Vietnam.
Galvanized prices are harder to gauge as they are normally quoted “effective” (freight, duties and all extras already incorporated into the number). One of our sources on the West Coast advised us that they are seeing GI effective numbers in the $27.00/cwt-$32.00/cwt range with Brazil being the most aggressive.
John Packard
Read more from John PackardLatest in Market Segment
Leibowitz: Is the China truce real or a Band-Aid?
US President Donald Trump and Chinese President Xi Jinping on Thursday had a much-anticipated meeting. Is it only a hiatus in the trade war, or did it really change the situation? I suspect the former, I but hope for the latter.
Nucor targets ‘white hot’ data center boom
With infrastructure demand shifting toward digital capacity, Nucor Corp. is positioning itself as the go-to steel supplier for the data center boom.
Gerdau’s N. American earnings rise in Q3 due to fall in imports
Gerdau’s North American profits rose in the third quarter, boosted by a decline in imports due to Section 232 steel tariffs.
Ternium swings to Q3 loss, eyes 2026 recovery
Ternium closed the third quarter with steady shipments and improving margins. But trade policy uncertainty and subdued demand in Mexico weighed on the Latin American steelmaker’s results.
SMU Mill Order Index fell in September
SMU’s Mill Order Index declined in September after repeated gains from June through August. The shift came as service center shipping rates and inventories fell.