Prices
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
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