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: Longs pricing trends diverge in North, South America
Most longs prices in the US were unchanged this month, except for rebar, which declined by $1.50/cwt ($30/short ton) m/m. While end-use demand is stable, inventories are well-stocked, keeping purchases limited. Domestic availability is sufficient to meet current demand, hindering the appetite for imported material. Meanwhile, prices for scrap remained under pressure in June, with […]
Nucor cuts plate prices by $125/ton, cites ongoing competition
Nucor Corp. announced that its plate mill group would cut prices for as-rolled, discrete, and normalized plate with the opening of its August order book.
Nucor cuts HR price for fourth straight week
Nucor lowered its consumer spot price (CSP) for hot-rolled (HR) coil by another $10 per short ton (st) for the first week of July. The steelmaker said in a letter to customers on Monday that its CSP base price for the week will be $670/st for all of its sheet mills with the exception of California Steel Industries (CSI).
Cliffs sets $720/ton HR price with opening of August books
Cleveland-Cliffs on Tuesday announced its monthly hot-rolled (HR) coil price of $720 per short ton (st) with the official opening of its August order book. The rate is down from last month’s price of $800/st.
CRU: Demand weakness continues to weigh on global sheet markets
Demand has remained persistently weak across the globe for sheet steel, weighing on prices. US HR coil prices fell the furthest this week as high-volume, low-priced deals were transacted as mills looked to fill order books and competed with one another amid relative demand weakness. Meanwhile, European prices were also down due to low demand […]