Steel Products Prices North America
ArcelorMittal, CSI, UPI Raise Prices
Written by Tim Triplett
January 26, 2018
West Coast steel mills California Steel Industries (CSI) and USS-POSCO Industries (UPI) announced further flat roll price increases yesterday, Jan. 24. Today, ArcelorMittal USA began advising their flat rolled customers of a change in their minimum base price levels on hot rolled, cold rolled and coated steels.
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.
ArcelorMittal Moves Base Price Minimums
Joining the West Coast mills in announcing new pricing today was ArcelorMittal USA, which set new base prices for its sheet products. Effective immediately on unconfirmed orders, Hot Rolled is at $750 per ton, and Cold Rolled and Hot-Dipped Galvanized are at $930 per ton. The company said it has experienced a significant increase in order entry over the past couple weeks and has limited production availability through the first quarter.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
BREAKING NEWS: NLMK USA up $50/ton on HR and CR, up $100/ton on coated
NLMK USA plans to increase prices for hot-rolled and cold-rolled coil by at least $50 per short ton (st). The move is effective immediately for all spot orders, the steelmaker said in a letter to customers on Friday.
SMU Price Ranges: Sheet floor holds as market debates upside
Our average HR coil price increased $5/short ton from last week, marking a second consecutive week of modest gains. Market participants generally attributed the increase to...
Thin demand keeps plate prices hovering at lowest levels since February
Participants in the domestic plate market say spot prices appear to have hit the floor, and they continue to linger there. They say demand for steel remains thin, with plate products no exception.
SMU Price Ranges: HR crawls back to $800/ton
SMU’s HR price stands at $800/st on average, up $5/st from last week. The modest gain came as the low end of our range firmed, and despite the high end of our range declining slightly.
SMU successfully completes IOSCO review
SMU has successfully completed an external review of all our prices. The review has concluded that they algin with principles set by the International Organization of Securities Commissions (IOSCO).