Steel Products Prices North America

USS/POSCO & California Steel Raise January Prices by $30
Written by John Packard
November 15, 2016
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.”

John Packard
Read more from John PackardLatest in Steel Products Prices North America

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.

Cliffs raises prices, seeks $950/ton for July spot HR
Cleveland-Cliffs plans to increase prices for hot-rolled (HR) coil to $950 per short ton (st) with the opening of its July spot order book. The Cleveland-based steelmaker said the price hike was effective immediately in a letter to customers dated Monday.

HRC vs. prime scrap spread widens in June
The price spread between HRC and prime scrap widened in June.

SMU price ranges: Steel prices rise in response to tariffs
Steel prices climbed for a second straight week across all five sheet and plate products tracked by SMU.