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
SMU price ranges: Flat-rolled balloon continues to leak
Sheet and plate prices were flat or lower again this week on continued concerns about demand and higher production rates among US mills.
HRC vs. busheling spread narrows in August
The price spread between prime scrap and hot-rolled coil (HRC) narrowed in August, according to SMU’s most recent pricing data.
SMU Price Ranges: Market drifts lower still
All five of SMU's steel sheet and plate price indices declined this week, falling to lows last seen in February.
Discontentment brews in plate market with flat, status-quo pricing
Sources in the carbon and alloy steel plate market said they are less discouraged by market uncertainty resulting from tariffs or foreign relations, but are instead, eager to see disruption to the flat pricing environment.
Nucor lowers HR coil spot price by $15/ton
Nucor has implemented a double-digit price decrease on spot hot-rolled (HR) coil for the second consecutive week.