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
ISM: Manufacturing growth down again in April
Activity had trended up for most of Q1
EU HR prices gain ground on US, Asian HR still well behind
Section 232 returned on March 12, and since then, the price gap between offshore and US hot band has tightened.
SMU Community Chat replay now available
The latest SMU Community Chat webinar reply is now available on our website to all members. After logging in at steelmarketupdate.com, visit the community tab and look under the “previous webinars” section of the dropdown menu. All past Community Chat webinars are also available under that selection. If you need help accessing the webinar replay, or if your company […]
SSAB announces $74M expansion in Alabama
The project will expand heat treat capacity at its Axis, Alabama plant
Service centers: Mill orders retreat in March
SMU’s Mill Order Index declined in March after repeated gains at the start of the year, according to our latest service center inventories data.