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

August US mill shipments slip but still higher than last year
The American Iron and Steel Institute reported a decline in the monthly shipments of US mills from July to August.

TransPod, Algoma, Supreme Steel linkup anchors Canadian steel in high-speed transit build
The three Canadian companies have announced a strategic partnership to support the development of an ultra-high-speed transit line from Edmonton to Calgary.

Metallus, USW agree to tentative four-year labor deal
Metallus and the United Steelworkers (USW) have agreed to a tentative four-year labor contract.

ArcelorMittal Dofasco resumes cokemaking after emergency maintenance
The Canadian steelmaker reported on Sept. 30 that “urgent maintenance” was needed in its coke plant off-gas systems. The work required coke oven gas from the No. 2 coke plant to be flared for most of that week.

AISI: Raw steel production ticks back down
US raw steel output declined last week after increasing the week prior, according to the latest data from the American Iron and Steel Institute (AISI). Output has see-sawed from week to week since mid-August. Still, it has remained historically strong over the past four months and has held near multi-year highs since June. Domestic mills […]