USS/POSCO, the joint venture conversion mill located in California, was the first of the domestic steel mills to raise prices as they opened their January order book. UPI (USS/POSCO Industries) informed their customers last Thursday (November 10th) of their intention to increase their base prices by $30 per ton ($1.50/cwt). At the same time UPI advised their customers that effective January 1, 2017 they would be charging new extras on HRPO, cold rolled and hot dipped galvanized steels.
On Monday California Steel Industries (CSI) opened their January order book and informed their customers that prices on all flat rolled products produced by the mill would increase by $30 per ton ($1.50/cwt). Ricardo Bernardes, Executive Vice President, Commercial advised the reason for the increase was due to “changing market conditions” and the new price levels were “effective immediately.”
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