Steel Mills
Mills Raise Flat Rolled Prices by $40 Per Ton
Written by Tim Triplett
October 11, 2018
On the heels of the price hike announced by Nucor yesterday, the other major sheet mills followed suit today raising spot prices on flat rolled steel products by $40 per net ton. Customers were notified of the increase by ArcelorMittal USA, U.S. Steel, California Steel Industries and USS-POSCO Industries.
California Steel Industries told customers it is increasing transaction prices by a minimum of $40 per ton on hot rolled, P&O, cold rolled and galvanized steel products. The prices are effective immediately on all orders unless a firm price has been previously quoted and confirmed, the company said.
U.S. Steel also notified customers it is increasing base pricing for all new spot orders of flat-rolled products by a minimum of $40 per net ton. The increase is applicable to all open quotations and/or negotiations where an agreement is yet to be concluded. Pricing extras, as published on the USS corporate website, will continue to be fully applied, the company said.
Likewise, USS-POSCO Industries raised the base price of hot rolled P&O, cold rolled and galvanized by $40 per net ton, effective immediately on unconfirmed orders, with no change to the published price book extras.
Sources tell Steel Market Update they have been informed by ArcelorMittal USA of a comparable $40 increase, though without an “official” letter.
Spot steel prices have been on a downward slide, declining by about $80 per ton since this summer. The last round of price increase announcements by the flat rolled mills dates back to the first quarter of this year.
Tim Triplett
Read more from Tim TriplettLatest in Steel Mills
Atlas completes Evraz NA deal, renames firm, and hires former USS exec as CEO
Atlas Holdings has completed its acquisition of Evraz North America (Evraz NA) and its subsidiaries.
ArcelorMittal: As tariffs slow global growth, Calvert could be a bright spot
ArcelorMittal expects less demand growth across most of the markets it operates in, including the US, because of President Donald Trump’s tariffs. But the Luxembourg-based steelmaker also thinks it stands to benefit from an increasingly regionalized world thanks to investments like the new EAF at its mill in Calvert, Ala.
Ternium posts solid Q2, expects further shipment growth
Latin American steel producer Ternium delivered a solid performance in the second quarter of 2025. Performance was driven primarily by higher realized steel prices in Mexico, even as shipment volumes declined slightly across its regional portfolio.
Algoma swings to loss on ‘unprecedented disruptions’ and trade barriers
Canada’s Algoma Steel saw a sharp loss in the second quarter amid a continued challenging market environment and “tariff uncertainties.”
Nucor eyes long-term gains amid strong demand and trade enforcement
Resilient demand across its steel product lines, combined with the continued ramp-up of key expansion projects, drove Nucor’s improved financial results and record-setting performance in the second quarter. That’s according to company executives speaking on an earnings conference call on Tuesday.