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
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