Steel Products Prices North America
CSI Raises Flat Rolled Price by $40 Per Ton
Written by Tim Triplett
July 14, 2019
California Steel Industries is the latest mill to raise flat rolled steel prices. In a letter to customers on Wednesday, the Fontana, Calif.-based steelmaker said transaction prices for hot rolled, P&O, cold rolled and galvanized steels would increase by $40 per ton ($2/cwt) effective immediately.
CSI’s move follows on similar announcements this week from Nucor, ArcelorMittal, USS-POSCO Industries, U.S. Steel and NLMK USA. The nation’s leading steel producers have announced two price increases in the past two weeks totaling $80 per ton in the hope of turning around a year-long decline in steel prices. The benchmark price of hot rolled steel, currently around $535 per ton, is down 40 percent from its $910 peak this time last year.
CSI is an opponent of the Trump administration’s Section 232 tariffs on steel imports. As a re-roller, CSI does not produce its own steel, but rather relies on semi-finished steel purchased from other mills, many of them in other countries. With an adequate supply of slabs, CSI has the capacity to produce 2 million tons per year of flat-rolled sheet and ERW pipe.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
CRU: US longs prices remain mostly flat in October
CRU Senior Steel Analyst Alexandra Anderson shares insight into the current market for long steel products.
Nucor holds HR base price at $730/st
Nucor is holding its hot-rolled (HR) coil consumer spot price (CSP) at $730 per short ton (st) this week.
Buyers say galv prices stable mill level but stuck in swamp on the street
Galvanized steel buyers on Tuesday discussed the eerie stability in sheet prices of late. Expectations are for the murky market to persist in the short term, while glimmers of hope continue for prices pushing higher.
Nucor ups weekly HR price by $10/ton
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil increased $10 per short ton (st) from last week to $730/st as of Monday, Sept. 23.
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.