Steel Products Prices North America

Flat Rolled Price Up $40 at ArcelorMittal
Written by Tim Triplett
January 31, 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.
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 Prices North America

SMU Price Ranges: HR holds, galv slips amid competing market narratives
SMU’s sheet and plate prices see-sawed this week as hot-rolled (HR) coil prices held their ground while prices for galvanized product slipped.

Nucor carries $875/ton HR list price into week seven
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Oct. 6

SMU Price Ranges: A newsy week sees modest price gains despite a quiet spot market
Market participants predicted that prices should be at or near a bottom. But while most seemed to agree on that point, many also said they saw little upside given a quiet spot market and ongoing concerns about demand.

Nucor increases plate prices by $60/ton
Nucor aims to increase prices for steel plate by $60 per short ton with the opening of its November order book.

Nucor’s $875/ton HR spot price spills into week six
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Sept. 29.