Steel Products
UPI Hikes Sheet Prices
Written by Tim Triplett
February 22, 2018
USS-POSCO Industries is raising base prices on all sheet products. Effective immediately, UPI’s hot rolled pickled and oiled (HRPO) price increases by a minimum of $70 per net ton, while cold rolled and galvanized increase by $60 per ton.
The increase is due to changing market conditions, the mill said. “At this time, we have limited space available to accept orders for all products,” stated its letter to customers. Published extras continue to apply.
This is the fifth price increase announced by UPI since November totaling $220 on hot rolled and $190 on cold rolled and galvanized.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products
US CR price gains ground on imports
The price gap between US cold-rolled (CR) coil and offshore product is a bit broader this week despite slightly lower tags stateside. The premium is still widening since falling to a 10-month low in late July.
Rig count update: US count rebounds, Canada’s slips
Oil and gas drilling activity in the US recovered the week ended Sept. 13, but remains near multi-year lows.
Plate report: Prices getting closer to pre-Covid norms
The US plate market finds itself in unfamiliar territory, well maybe unfamiliar territory for this side of the post-Covid “normal,” that is.
SMU survey: Buyers report mills still willing to negotiate prices
Negotiation rates have edged lower from our previous market check, a downward trend witnesses since July.
USS introduces ‘ZMAG’ coated steel to withstand tough weather
U.S. Steel has rolled out “ZMAG,” a flat-rolled coated steel product intended to endure harsh weather conditions.