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

Cliffs moves sheet prices higher, seeks $1,100/ton HRC
Cleveland-Cliffs is now targeting base prices of $1,100 per ton ($55 per cwt) for hot-rolled coil (HRC).

SMU price ranges: Sheet surge continues on limited spot availability
Sheet prices shot higher again this week on the heels of another round of mill price increases as well as on reports of production and supply chain issues at certain domestic producers.

Galvanized Sheet’s Premium Over Hot Rolled Hovering Around $200/Ton
The spread between hot-rolled coil (HRC) and galvanized sheet base prices has been hovering near $200 per net ton since late July, according to SMU’s latest analysis.

Plate Report: Quiet Turning to Sluggish?
The US plate market has been rather quiet over the past couple of weeks since Nucor Corp. caught many off guard with a $140-per-ton price cut.

SSAB’s Jeff Moskaluk on Wind’s Flurry of Opportunity for Steel
SMU discussed wind energy, a promising end-use market for steel, with SSAB Americas’ SVP and CCO Jeff Moskaluk.