Steel Products

Mills Raise Flat Rolled Steel Prices by $30

Written by Tim Triplett

ArcelorMittal, California Steel Industries, NLMK USA and U.S. Steel all announced $30 per ton price increases on Friday. Their announcements follow on a similar hike by Nucor earlier this week.

In a letter to customers, U.S. Steel’s North American Flat-Rolled Sales Organization stated that, effective immediately, it was increasing base pricing for all new flat-rolled spot orders by a minimum of $30 per net ton.  The increase is also applicable to all open quotations or negotiations where an agreement is yet to be concluded. Pricing extras will continue to be fully applied.

California Steel Industries notified its customers of a $30 per ton increase on Hot Rolled, Pickled & Oil, Cold Rolled and Galvanized, effective immediately on new and unconfirmed orders. “Your support has allowed us to achieve our planned capacity for Hot Rolled/Pickled & Oil production and shipment for January 2018,” CSI also reported to customers. “Therefore, our order books are now closed. We have very limited capacity available for cold rolled and galvanized for the balance of January.”

Arcelor Mittal USA told customers that, effective immediately, minimum prices on sheet products are as follows: Hot Rolled $680 per ton; Cold Rolled $860 per ton; and Hot-Dipped Galvanized $860 per ton. The prices are applicable on all new and unconfirmed orders or quotations from ArcelorMittal USA or AM/NS Calvert.

Likewise, NLMK USA reported it is raising base prices immediately on all new spot business by $30 per ton. Open quotations and unconfirmed orders are subject to revision.

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