Steel Products Prices North America

It's March Madness! Nucor, ArcelorMittal & NLMK Announce $30 Price Increase
Written by John Packard
March 17, 2016
Earlier this week Nucor Plate Group and SSAB announced price increases on plate products (with SSAB also including hot rolled coil) of $40 per ton. Over the past few months we have seen the plate mills lead the charge with sheet mills following close behind. This week was no different.
Three mills announced flat rolled price increases this afternoon: Nucor, ArcelorMittal USA and NLMK USA all went up by a minimum of $30 per ton ($1.50/cwt) effective immediately. This is the fourth price announcement since early December 2015.
Nucor and NLMK informed their customers through the use of an emailed letter. James Banker, Jr., Executive Vice President, Commercial for NLMK USA advised their customers, “Due to improving market demand, extending lead times, and increased raw material costs, NLMK USA is increasing price for all products by a minimum of $30 per ton.”
ArcelorMittal USA had their sales representatives send an email to their customers advising that all flat rolled products (including Galvalume, Electro-Galvanized and Aluminized) were increasing by $30 per ton.
Steel Market Update will have more about what this means to the marketplace, where the new minimum base price levels should be and the reaction of buyers in our next issue of Steel Market Update.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
September Import Share of US Sheet and Plate Markets
Imported sheet and plate products arrived at US ports at a slower clip in September, accounting for a lower share of the domestic market for the third straight month. That’s according to a Steel Market Update analysis of import data from the US Commerce Department and domestic shipment figures from the American Iron and Steel […]
US Apparent Steel Supply Falls Further in September
US apparent steel supply eased further in September, down 8% from August to 8.29 million net tons, according to data from the US Department of Commerce and the American Iron and Steel Institute (AISI). As the lowest monthly figure since February 2021, this was a 19-month low. September supply was 10% below the average monthly rate […]
Northwest Pipe Reports Sharply Higher Q3 Results
Engineered pipe and tube producer Northwest Pipe Co. posted sharply higher profits for the third quarter ended Sept. 30. The Vancouver, Wash.-based company said the boost was driven by strong demand and increasing backlogs from its engineered pipeline systems and precast products, according to earnings data released on Tuesday, Nov. 8 All told, Northwest Pipe posted net […]
SMU Price Ranges: Flat-Rolled Steel Falls (Yet Again)
Sheet prices fell across the board again this week as the slow grind lower that we’ve seen since last spring continued to gain speed. Hot-rolled coil prices fell $30 per ton ($1.50 per cwt) week-over-week. Declines in coated products were more pronounced, with cold rolled down $55 per ton, galvanized down $35 per ton, and […]
US Steel Exports Slip 10% in September
US steel export volumes shrunk 10% from August to September, according to the latest US Commerce Department data. 723,000 net tons of steel products exited the country during the month, now the fourth-lowest monthly export rate over the past year and a half. Recall that exports levels in August were at the third-highest monthly rate […]
