Steel Products Prices North America
ArcelorMittal USA First Mill to Announce 4th Round of Price Increases
Written by John Packard
November 29, 2016
Today ArcelorMittal USA announced new minimum base price levels for orders of hot rolled, cold rolled and coated products. This is the 4th flat rolled steel price announcement since late October.
The announcement takes base prices to the following minimum levels:
Hot Rolled = $600 per ton ($30.00/cwt)
Cold Rolled = $820 per ton ($41.00/cwt)
Galvanized = $820 per ton ($41.00/cwt)
Galvalume = $820 per ton ($41.00/cwt)
The mill advised their customers, “These prices are applicable to all new orders and recent quotations that have not been accepted and acknowledged with an ArcelorMittal or AM/NS Calvert Order Acknowledgement. We reserve the right to change any outstanding quotations or pending orders without further notice.”
Prices on benchmark hot rolled bottomed at $470 per ton ($23.50/cwt) in late October 2016 according to the SMU HR Index. If the new base numbers are collected (and they were expected by the vast majority of steel buyers) it represents a total move of $130 per ton over the past six weeks.
SMU expectation is for the other mills to follow with increases of their own in the next few days.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
Nucor drops weekly HR coil price by $10/ton
Nucor lowered its weekly base spot price for hot-rolled (HR) coil by $10 per short ton (st) this week.
Nucor holds HR price steady this week
Nucor is holding its hot-rolled (HR) coil consumer spot price (CSP) flat this week.
SMU price ranges: Sheet, plate largely unchanged
Sheet prices varied this week. While hot-rolled (HR) coil pricing was largely flat, cold-rolled (CR) coil and tandem product pricing eased slightly reflecting the momentum shift seen last week for HR coil. SMU’s average HR coil price was flat from last week at $835 per short ton (st) – potentially emphasizing the tension between competing […]
Nucor posts $830/ton spot HR price for week of April 8
Nucor said its spot hot-rolled (HR) coil price this week will be $830 per short ton (st).
US HR prices rebound, no longer near parity with imports
US hot-rolled coil and offshore hot band moved further away from parity this week as stateside prices have begun to move higher in response to mill increases.