Steel Products
Flat Rolled Price Up $40 at ArcelorMittal
Written by Tim Triplett
January 30, 2019
Steel Market Update has confirmed that ArcelorMittal joined the other major mills in raising flat rolled steel prices this week.
ArcelorMittal notified its commercial team that it is raising base prices a minimum of $40 per ton on all light flat rolled sheet products, effective immediately. The increase applies to all new and unacknowledged orders with ArcelorMittal or AM/NS Calvert. All current published extras continue to apply.
{loadposition reserved_message}
Comparable $40 increases were also announced by Nucor, U.S. Steel, NLMK, California Steel Industries and USS-POSCO. The mills hope to stop, if not reverse, the downtrend in steel prices that began last summer. The benchmark price for hot rolled steel has declined by more than 25 percent since July 2018.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products
Northwest Pipe changes name to NWPX Infrastructure
Northwest Pipe changes name to NWPX Infrastructure.
Tariffs, ample domestic supply cause importers to shift or cancel HR import orders
Subdued demand is causing importers to cancel hot-rolled (HR) coil orders and renegotiate the terms of shipments currently enroute to the US, importers say. An executive for a large overseas mill said customers might find it difficult to justify making imports buys after US President Donald Trump doubled the 25% Section 232 tariff on imported steel […]
Drilling activity slows in the US, grows in Canada
Oil and gas drilling activity was mixed this week, according to Baker Hughes. US totals slipped for a sixth straight week, while Canada saw a slight bump in activity.
Commerce finds no Korean OCTG shipments below market value
US Department of Commerce (Commerce) review found no South Korean oil country tubular goods (OCTG) exporters or producers sold products below market value
Drilling activity slows further in US and Canada
Oil and gas drilling activity declined again this week in both the US and Canada, according to Baker Hughes.