Steel Products Prices North America
ArcelorMittal USA Quantifies Flat Rolled Base Pricing (Again)
Written by John Packard
February 23, 2017
If at first you don’t succeed, try, try again.
On Monday Nucor began the flat rolled steel price increase announcement train as they, and just about every other flat rolled mill in the United States, came out with a $30 per ton increase. Steel buyers, however, were confused as to where spot base prices were headed and Steel Market Update collected a range of responses to that question ranging from $610 to $650 per ton on hot rolled and $840 to $860 on cold rolled and coated steels.
On Wednesday, ArcelorMittal USA (AM) once again provided some guidance as to what “minimum” base prices should look like. The mill told their customers, “Our books are currently open to receive orders for production and shipment of Hot Rolled Sheets in the March/April timeframe and Cold Rolled and Coated Sheet deliveries are now into late April/early May, respectively…”
AM then went on to provide minimum base prices to their customers:
Hot rolled sheet: $640 per ton ($32.00/cwt)
Cold rolled sheet: $850 per ton ($42.50/cwt)
Galvanized: $850 per ton ($42.50/cwt)
Galvalume: $850 per ton ($42.50/cwt)
The base prices referenced by AM were the same as the one’s announced by the mill in their January price announcement.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
SMU Price Ranges: HR slips, hopes for Q4 rebound still standing
SMU’s price ranges were mixed again this week as the market continues to seek a floor amid industry hopes for a Q4 rebound.
Nucor’s hot band list price holds at $875/ton
Nucor held its hot-rolled coil list price flat again this week, according to its Monday, Sept. 15 consumer spot price (CSP) notice.
Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.
SMU Price Ranges: Some predict bottom is near as big discounts dry up
Sheet prices were mixed this week as some mills continued to offer significant discounts to larger buyers while others have shifted toward being more disciplined, market participants said.
SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.