Steel Products Prices North America

CSI & UPI Open February & Raises Prices by $100-$120 per ton
Written by John Packard
December 11, 2016
On Friday California Steel Industries (CSI) and later in the day UPI (USS-POSCO Industries) increased base prices on flat rolled products produced by each mill.
California Steel was the first mill to move, raising prices on hot rolled by $100 per ton, HRP&O by $100 per ton ($5.00/cwt) and cold rolled and coated by $120 per ton ($6.00/cwt). The prices are effective immediately.
The USS-POSCO letter was sent later in the day and UPI mirrored the CSI increase announcement by taking HRP&O up by $100 per ton ($5.00/cwt) and cold rolled and galvanized up by $120 per ton.
West Coast customers told SMU the amount of the increase is not a surprise as the West Coast steel mills have been lagging behind the mills in the East who have been announcing more than one increase during any one month. The $100 to $120 per ton is to catch the West Coast mills up to their brethren east of the Rocky Mountains.
Both CSI and UPI published new coating weight extras during the month of November and their new extras are in effect for any February spot orders.

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

CRU: Q3 will be the lowest point in current sheet price cycle
CRU Principal Analyst Shankhadeep Mukherjee expects a restocking cycle for steel sheet products in most parts of the world due to either low inventories or seasonally stronger demand.

CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.

SMU Price Ranges: Sheet and plate steady ahead of Independence Day
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.

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.