Steel Products Prices North America
CSI, UPI Start 2018 with $30 Price Hikes
Written by Tim Triplett
January 2, 2018
Starting the New Year with a new price, California Steel Industries (CSI) and USS-POSCO Industries (UPI) announced $30 per ton price increases today, Jan. 2.
In a letter to customers, CSI stated it is increasing transaction prices on hot rolled, hot rolled pickled and oiled, cold rolled and galvanized flat roll by $30 per ton, effective immediately. CSI is now taking orders for shipment in the first two weeks of February.
Likewise, UPI announced that it was raising base prices for hot rolled P&O, cold rolled and galvanized sheet by a minimum of $30.00 per net ton. Both mills reserve the right to requote any unconfirmed orders. Mill extras will continue to apply.
CSI and UPI were among several flat roll mills that announced a $30 per ton increase in mid-December. This latest announcement, following so closely on the previous price hike, suggests the mills are seeing some success in collecting higher spot steel prices.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
SMU Price Ranges: Sheet and plate steady ahead of Independence Day
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.
Nucor maintains plate prices, opens August order book
Nucor aims to keep plate prices flat again with the opening of its August order book.
Nucor CSP remains level at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.
Cliffs raises prices, seeks $950/ton for July spot HR
Cleveland-Cliffs plans to increase prices for hot-rolled (HR) coil to $950 per short ton (st) with the opening of its July spot order book. The Cleveland-based steelmaker said the price hike was effective immediately in a letter to customers dated Monday.
HRC vs. prime scrap spread widens in June
The price spread between HRC and prime scrap widened in June.