Steel Products Prices North America
Nucor Hikes Flat Roll by Another $30
Written by Tim Triplett
January 28, 2018
The Nucor Sheet Mill Group informed customers on Friday of this past week, that it is raising base prices on new orders by a minimum of $30 per ton on hot rolled, cold rolled and galvanized products. Nucor’s latest hike follows a $40 per ton increase the steelmaker announced on flat rolled spot prices early this month.
On Thursday, ArcelorMittal USA announced new base prices for its sheet products, setting hot rolled at $750 per ton ($37.50/cwt) and cold rolled and hot-dipped galvanized at $930 per ton ($46.50/cwt).
West Coast steel mills California Steel Industries (CSI) and USS-POSCO Industries (UPI) kicked off the latest round of price increases with their announcements Wednesday. CSI raised transaction prices by $60 per ton on hot rolled and P&O, $40 per ton on galvanized and $30 per ton on cold rolled. UPI announced a $60 per ton increase on hot rolled P&O and $40 per ton hikes on cold rolled and galvanized.
SMU expects that the rest of the domestic steel mills will raise prices as this week progresses.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
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).
Domestic plate prices could heat up despite so-so demand, market sources say
Some sources also speculated that plate could see further price increases thanks to modest but steady demand, lower imports, mill maintenance outages, and end markets less immediately affected by tariff-related disruptions.