Steel Products Prices North America

Nucor Hikes Flat Roll by Another $30

Written by Tim Triplett

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.

Latest in Steel Products Prices North America