Steel Products Prices North America
California Steel Opens August at Dramatically Higher Prices
Written by John Packard
May 24, 2016
California Steel informed their customers earlier today that they were opening their August order book and their transactional (spot) prices on all flat rolled steel products produced by CSI were being increased as follows:
Hot Rolled +$130 per ton ($6.50/cwt)
HRP&O +$130 per ton ($6.50/cwt)
Cold Rolled +$150 per ton ($7.50/cwt)
Galvanized +$150 per ton ($7.50/cwt)
During the past few months California Steel has been able to open and close their order books within a few days time. With imports being restricted due to the antidumping and countervailing duty suits (AD/CVD) it is expected that their order books will fill quickly.
Last week USS/POSCO, another West Coast steel mill, announced they were opening their August order book at +$150 per ton ($7.50/cwt).
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.