Steel Products
NLMK USA is Latest to Raise Steel Price by $40
Written by Tim Triplett
July 24, 2019
Following the lead of most of the other flat rolled mills, NLMK USA informed customers yesterday that it is raising spot prices on all products by a minimum of $40 per ton.
Nucor, U.S. Steel and USS-POSCO Industries also announced $40 increases this week. ArcelorMittal USA released higher minimum base prices of $630 per ton for hot rolled steel and $800 per ton for cold rolled and coated products.
All told, domestic steelmakers have raised flat rolled prices three times in the past month for a total of $120 per ton.
Steel Market Update data places the current benchmark price of hot rolled steel at an average of $560 per ton, up approximately $40 from the average low a month ago.

Tim Triplett
Read more from Tim TriplettLatest in Steel Products

Domestic mill shipments rise in June: AISI
US steel shipments increased month over month and year over year in June, according to the latest figures from the American Iron and Steel Institute (AISI).

Active rig counts slipped in US, Canada
Drilling activity slowed in the US and Canada last week, according to the latest oil and gas rig count data released by Baker Hughes.

OCTG producers in Canada take aim at Mexico, US, others
Evraz NA and Welded Tube of Canada have lodged an unfair trade complaint against imports of OCTG, including those from USMCA trading partners Mexico and the US.

Final Thoughts
The difference: The spat with Turkey was a big deal for steel. This time, the 50% reciprocal tariff for Brazil – if it goes into effect as threatened on Aug.1 – hits everything from coffee and to pig iron. It seems almost custom-built to inflict as much pain as possible on Brazil.

CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.