Steel Products
ArcelorMittal USA Sets New Minimum Base Prices for Flat Rolled Steel
Written by Tim Triplett
July 22, 2019
ArcelorMittal USA is the latest mill to increase flat rolled steel prices, announcing new minimum base prices in a letter to customers on Monday. Effective immediately, the company set its minimum price for hot rolled sheet at $630 per short ton, and cold rolled and coated products at $800 per short ton. If the mill is able to collect those prices, that will represent an increase of more than $100 per ton over the market’s low point last month.
Market leader Nucor announced a $40 per ton increase on June 25, followed by a second $40 increase on July 9, which was matched by ArcelorMittal and the other major mills. So far, it appears the market has accepted at least part of the mills’ bid for higher prices. The industry hopes to reverse a year-long downtrend that has cut 40 percent from the price of steel, devaluing inventories and squeezing margins for both producers and distributors.
{loadposition reserved_message}
Tim Triplett
Read more from Tim TriplettLatest in Steel Products
SMU Steel Summit 2025: It’s coming at you fast!
Before you know it, we’ll all be singing those famous words made popular by Alice Cooper back in ’79 – “school’s out for summer!” But it’s not “all the girls and boys making that noise,” it’s the growing buzz around SMU’s Steel Summit 2025! So, while August might seem like a long way off, we’ve […]
Rig counts trend lower in US and Canada
Oil and gas drilling activity eased in both the US and Canada this week, according to Baker Hughes. US rig counts remain near multi-year lows, and Canadian activity continues its seasonal slowdown.
Wittbecker on Aluminum: When do the tariffs reach Main Street?
Containers sailing from China in April are down 15%-20% and Hapag Lloyd says their future bookings transpacific are down 30%.
SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]
US, offshore CRC prices edge lower
US cold-rolled (CR) coil prices edged lower again this week, slipping four weeks in a row now. Most offshore markets mirrored the move, ticking down marginally as well.