Steel Products
ArcelorMittal Raises Flat Rolled Price by $40
Written by Tim Triplett
October 24, 2019
Speculation that steel prices were near the bottom and the mills were contemplating a price increase has proven out as ArcelorMittal became the first to hike flat rolled prices today by $40 per ton. Other mills are expected to follow.
ArcelorMittal informed its commercial team today that it is raising base prices on light flat rolled sheet products, including hot rolled, cold rolled and coated products, by a minimum of $40 per ton, effective immediately. The increase is applicable to all new orders and recent quotations that have not yet been accepted by ArcelorMittal or AM/NS Calvert.
The last time ArcelorMittal raised flat rolled prices was July 22. Since then the benchmark market price for spot orders of hot rolled steel has declined by nearly 50 percent, from $915 per ton to the current $480.
SMU sources estimate the increase will put ArcelorMittal’s base price for HR around $26/cwt.
{loadposition reserved_message}
 
			    			
			    		Tim Triplett
Read more from Tim TriplettLatest in Steel Products
AM/NS Calvert, Outokumpu extend tolling arrangement
AM/NS Calvert will continue providing hot rolling tolling services for Outokumpu for the time being.
AISI: Two regions see boost in raw steel output
Raw steel production in the US rose in the week ended Dec. 2, according to the American Iron and Steel Institute’s (AISI’s) report on Monday, Dec. 4.
 
		                                Bell: Buy clean programs need a single carbon emissions standard for steel
The Biden administration’s climate ambitions are laudable. Buy Clean programs have the potential to meaningfully reduce CO2 emissions, supporting the American steel industry and its workers. Buying clean steel In February 2022, the administration launched the federal Buy Clean initiative and established its Buy Clean Task Force. These programs prioritize the use of American-made, low […]
 
		                                CRU aluminum: A call for import monitoring and sustainable practices
CRU analysts share an update on the aluminm markets.
 
		                                Worthington Steel completes spinoff, now a standalone company
Worthington Industries has completed its split into two separate companies: Worthington Steel Inc. and Worthington Enterprises Inc.
