Steel Products Prices North America
ArcelorMittal USA Announces Specific Base Price Levels on Flat Rolled
Written by John Packard
November 8, 2016
On Monday, November 7, 2016 ArcelorMittal USA began advising their customers of their intention of raising steel base prices to specific minimum levels. The announcement came from an internal memo (or email from the various sales representatives of the mill) which stated, “Effective immediately, the following minimum base prices will be applicable to all new sheet orders placed with ArcelorMittal, USA for current and future production:”
The memo continued by announcing the following base price for each product:
Hot Rolled Sheets = $520 per net ton ($26.00/cwt)
Cold Rolled Sheets = $740 per net ton ($37.00/cwt)
Hot Dipped Galvanized = $740 per net ton ($37.00/cwt)
Extras are not included in the price levels mentioned above.
The mill did not announce base prices on Galvalume which is a product produced by the mill.
With the announcement ArcelorMittal is continuing the wider than normal spread between hot rolled and CR/Coated base prices. The normal extra has been $100-$140 per ton and with this announcement AM is asking for $220 per ton spread.
A copy of the ArcelorMittal USA internal memo is below:
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 […]