Steel Products
USS-POSCO Joins Rivals Up $30 Per Ton
Written by Tim Triplett
December 11, 2017
USS-POSCO is the latest flat roll mill to announce a price increase. In a letter to customers today, the mill said that, effective immediately, it is raising base prices on all sheet products by a minimum of the following: Hot Rolled P&O, $30 per net ton; Cold Rolled, $30 per net ton; and Galvanized, $30.00 per net ton. Published extras will continue to apply.
The scale and the terms of POSCO’s announcement match the $30 price hikes by the other major mills last week, including Nucor, ArcelorMittal, California Steel Industries, U.S. Steel and NLMK.
In its communication with customers, ArcelorMittal referenced spot transaction base price minimums of $680 per ton on hot rolled ($34.00/cwt) and $860 per ton on cold rolled and coated steels ($43.00/cwt), before any extras are added, setting the mark for the current market.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products
Ryerson reports net loss in Q3 as weak demand offsets tariff price support
Ryerson Holding Corp. Third quarter ended Sept. 30 2025 2024 % Change Net sales $1,161.5 $1,126.6 3.1% Net earnings (loss) $(14.8) $(6.6) 124.2% Per diluted share $(0.46) $(0.20) 130.0% Nine months ended Sept. 30 Net sales $3,466.5 $3,591.3 -3.5% Net earnings (loss) $(18.5) $(4.3) 330.2% Per diluted share $(0.58) $(0.13) 346.2% (in millions of dollars […]
HARDI: Galv demand improves in October, higher prices expected in new year
Participants on this month’s Heating Air-Conditioning & Refrigeration Distributors International (HARDI) Sheet Metal/Air Handling Council call expect galvanized steel base prices to firm up in the first quarter of 2026.
Global steel production falls to near two-year low in September
World crude steel output declined for the fourth-consecutive month in September, slipping 3% from August to an estimated 141.8 million metric tons (mt), according to the latest figures from the World Steel Association (worldsteel).
Market sources say regional activity is dictating plate demand
Demand for plate on the spot market remains soft by comparison to years past. However, this week regional demand variations grew more pronounced.
Battery #14 at USS Clairton to restart on Oct. 23
U.S. Steel plans to restart battery #14 at the Clairton Coke Works plant on Thursday, ending its idling period. Battery #14 was hot idled following the explosion at coke oven batteries 13 and 14 on Aug. 11. The Mon Valley Works Clairton plant has completed the necessary repairs. It expects the battery to restart during […]