Steel Products
NLMK Boosts Prices by $30
Written by Tim Triplett
January 29, 2018
NLMK USA notified customers today, Jan. 29, that it was increasing base prices on all products by $30 per ton, effective immediately, due to continued strong order placement. NLMK produces hot rolled, hot rolled pickled and oiled, cold rolled and galvanized products.
This is the fourth price increase announced by NLMK in the last three months, following $30 increases in November and December and a $40 price hike earlier in January.
NLMK’s move mirrors today’s announcement by AK Steel of a $30 per ton hike on its flat roll products.
{loadposition reserved_message}

Tim Triplett
Read more from Tim TriplettLatest in Steel Products

Nucor maintains plate prices, again
Nucor aims to keep plate prices flat again with the opening of its July order book.

Asian HR remains much cheaper than US, EU product
Domestic hot-rolled (HR) coil prices were flat this week after declining seven of the last nine weeks. Offshore prices have also eroded in recent weeks, though not nearly as significantly as in the US.

Galv buyers less optimistic about short-term market
“It was a little more of a seller's market as contractors seemed to be protecting themselves against a potential run up in prices," one buyer said.

SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]

US, offshore CRC prices continue to fall
US cold-rolled (CR) coil prices were down again this week, slipping six weeks in a row and seeing the sharpest drop-off since last July.