Steel Products Prices North America

NLMK USA is Latest to Raise Flat Rolled Price by $40
Written by Tim Triplett
July 25, 2019
Following the lead of most of the other flat rolled mills, NLMK USA informed customers Tuesday 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 Prices North America
BREAKING NEWS: NLMK USA up $50/ton on HR and CR, up $100/ton on coated
NLMK USA plans to increase prices for hot-rolled and cold-rolled coil by at least $50 per short ton (st). The move is effective immediately for all spot orders, the steelmaker said in a letter to customers on Friday.
SMU Price Ranges: Sheet floor holds as market debates upside
Our average HR coil price increased $5/short ton from last week, marking a second consecutive week of modest gains. Market participants generally attributed the increase to...
Thin demand keeps plate prices hovering at lowest levels since February
Participants in the domestic plate market say spot prices appear to have hit the floor, and they continue to linger there. They say demand for steel remains thin, with plate products no exception.
SMU Price Ranges: HR crawls back to $800/ton
SMU’s HR price stands at $800/st on average, up $5/st from last week. The modest gain came as the low end of our range firmed, and despite the high end of our range declining slightly.
SMU successfully completes IOSCO review
SMU has successfully completed an external review of all our prices. The review has concluded that they algin with principles set by the International Organization of Securities Commissions (IOSCO).
