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
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