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

Active rig counts slipped in US, Canada
Drilling activity slowed in the US and Canada last week, according to the latest oil and gas rig count data released by Baker Hughes.

OCTG producers in Canada take aim at Mexico, US, others
Evraz NA and Welded Tube of Canada have lodged an unfair trade complaint against imports of OCTG, including those from USMCA trading partners Mexico and the US.

Final Thoughts
The difference: The spat with Turkey was a big deal for steel. This time, the 50% reciprocal tariff for Brazil – if it goes into effect as threatened on Aug.1 – hits everything from coffee and to pig iron. It seems almost custom-built to inflict as much pain as possible on Brazil.

CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.
CRU: Excessive global supply could hit rebar mill investments in US
Following the onset of the war in Ukraine in March 2022, concerns about import availability and expectations of rising demand from President Biden’s Infrastructure Bill pushed US rebar prices to record highs. In response, a flurry of new mills and capacity expansions were announced to meet the rise in demand from growth in the construction […]