CSI Raises Flat Rolled Price by $70

California Steel Industries informed customers Wednesday that, “due to changing market conditions,” it has increased transaction prices for its products by $70 per ton. The change applies immediately to new orders of hot rolled, P&O, cold rolled and galvanized products.

“All pricing is subject to slab availability and mill capacity,” the company said in its letter to customers. SMU learned from sources that the increase is not related to President Trump’s tweet about possible 25 percent duties being levied on Brazilian slabs. However, should the tariffs actually go into place, CSI customers can expect to be hit with further price increases.