Steel Mills
AK Steel Announces Price Increase
Written by John Packard
July 23, 2017
After the market closed on Friday, July 21, 2017, AK Steel became the fourth eastern flat rolled steel mill to raise prices on hot rolled, cold rolled and galvanized steels. In a very short statement, which can be found in the “news” section of the mill’s website, AK told customers, “AK Steel (NYSE: AKS) said today that it will increase current spot market base prices for all carbon flat-rolled steel products by a minimum of $25 per ton, effective immediately with new orders.”
Their $25 per ton ($1.25/cwt) increase matches those of Nucor and ArcelorMittal USA, which announced earlier in the week. NLMK USA, in a letter to their customers, took their prices up $40 per ton. Two West Coast steel mills have made announcements: USS/POSCO announced a $50 per ton increase a few weeks ago, while California Steel took their second half of August prices up $25 per ton this past week.
Last week steel buyers were informing Steel Market Update that it appears the target is $640 on hot rolled, $840 on cold rolled and $840 to $860 on coated steels.
We will be investigating pricing again early this week and will provide our latest steel indices on flat rolled and plate steels on Tuesday evening.
John Packard
Read more from John PackardLatest in Steel Mills
CRU: Blackout knocks out ArcelorMittal mill ‘for months’
Truchas works in Lazaro Cadenas, Michoacan, western Mexico. Repairs may take up to six months.
Nippon Steel posts quarterly loss on cost to buy U.S. Steel
Nippon Steel earnings take hit from buy of U.S. Steel.
Atlas completes Evraz NA deal, renames firm, and hires former USS exec as CEO
Atlas Holdings has completed its acquisition of Evraz North America (Evraz NA) and its subsidiaries.
ArcelorMittal: As tariffs slow global growth, Calvert could be a bright spot
ArcelorMittal expects less demand growth across most of the markets it operates in, including the US, because of President Donald Trump’s tariffs. But the Luxembourg-based steelmaker also thinks it stands to benefit from an increasingly regionalized world thanks to investments like the new EAF at its mill in Calvert, Ala.
Ternium posts solid Q2, expects further shipment growth
Latin American steel producer Ternium delivered a solid performance in the second quarter of 2025. Performance was driven primarily by higher realized steel prices in Mexico, even as shipment volumes declined slightly across its regional portfolio.