Steel Products
CSI, UPI Announce More Price Increases
Written by Tim Triplett
January 25, 2018
West Coast steel mills California Steel Industries (CSI) and USS-POSCO Industries (UPI) announced further flat roll price increases yesterday, Jan. 24.
CSI told customers that due to changing market conditions it is increasing transaction prices by $60 per ton on Hot Rolled and P&O, $40 per ton on Galvanized and $30 per ton on Cold Rolled. The increases are effective immediately on all unconfirmed orders. CSI is now taking orders for shipment in the first two weeks of March.
UPI announced a $60 per ton increase on Hot Rolled P&O and $40 per ton hikes on Cold Rolled and Galvanized, effective immediately. UPI also said it has limited space available to accept March orders.
The latest price moves follow $30 per ton increases announced by the two mills on Jan. 2.
{loadposition reserved_message}
Tim Triplett
Read more from Tim TriplettLatest in Steel Products
US CR price gains ground on imports
The price gap between US cold-rolled (CR) coil and offshore product is a bit broader this week despite slightly lower tags stateside. The premium is still widening since falling to a 10-month low in late July.
Rig count update: US count rebounds, Canada’s slips
Oil and gas drilling activity in the US recovered the week ended Sept. 13, but remains near multi-year lows.
Plate report: Prices getting closer to pre-Covid norms
The US plate market finds itself in unfamiliar territory, well maybe unfamiliar territory for this side of the post-Covid “normal,” that is.
SMU survey: Buyers report mills still willing to negotiate prices
Negotiation rates have edged lower from our previous market check, a downward trend witnesses since July.
USS introduces ‘ZMAG’ coated steel to withstand tough weather
U.S. Steel has rolled out “ZMAG,” a flat-rolled coated steel product intended to endure harsh weather conditions.