Product
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 Product
Brazil pig iron market activity picks up
The pig iron market in Brazil saw some activity last week that could present some additional options to producers there, but at lower price levels.
Nucor targets ‘white hot’ data center boom
With infrastructure demand shifting toward digital capacity, Nucor Corp. is positioning itself as the go-to steel supplier for the data center boom.
Drilling activity slows at October’s end in US and Canada
The latest Baker Hughes rig count report showed oil and gas drilling slowing in both the US and Canada last week.
Key takeaways from CRU’s US Ferroalloys Connections Summit
CRU analysts break down their top takeaways from CRU's 31st Annual Ferroalloys Connections Summit, held Oct. 19-21 in Miami.
SMU Survey: Mills less negotiable on spot prices
Most steel buyers responding to our market survey this week reported that domestic mills are considerably less willing to talk price on sheet and plate products than they were in recent weeks.