Steel Products Prices North America

Nucor & NLMK USA Follow ArcelorMittal with +$40 Price Increase on Flat Rolled
Written by John Packard
December 1, 2016
Late in the day on Wednesday, Nucor and NLMK USA advised their customers of their intention to raise spot flat rolled prices by an additional $40 per ton. This follows ArcelorMittal’s announcement on Tuesday of specific minimum base price levels of $600 per ton hot rolled, $820 per ton cold rolled and coated steel products (galvanized & Galvalume).
This is now the 4th price announcement made by Nucor and NLMK USA since late October 2016.
In the case of NLMK USA they announced $30 per ton on October 24, 2016, another $30 per ton on November 8th before providing specific base price levels to their customers on November 15th of $560 per ton on hot rolled and $780 per ton on cold rolled and coated steels. With this $40 per ton increase NLMK USA will be at the same minimum base price levels as ArcelorMittal – $600 per ton ($30.00/cwt) on hot rolled and $820 per ton ($41.00/cwt) on cold rolled as well as coated products.
Nucor, on the other hand, raised prices on Wednesday by $40 per ton. Since October 21st Nucor has increased flat rolled prices by $200 per ton ($10.00/cwt). Nucor was up $30 on October 21st, another $30 on November 8th and $40 on November 15th.

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

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.

Nucor lifts list price for spot HRC by $20/ton
The $20/short ton increase applies to all of the steelmaker’s sheet mills, including West Coast joint-venture subsidiary CSI.

Nucor pauses month-long slide in weekly HR price
Nucor halted a four-week decline in its spot price for hot-rolled coil this week, maintaining its weekly consumer spot price (CSP) at $870/st.