Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/c1295a2367a2a81c937fc7e469fe33fe.jpg)
AMUSA and NLMK USA Announce $40/Ton Price Increase
Written by John Packard
December 15, 2019
On Friday afternoon of this past week, ArcelorMittal USA began advising their flat rolled clients of their intention to raise sheet prices by $40 per ton. AMUSA customers were advised by phone and by email that base prices of hot rolled, cold rolled and coated products would increase effective immediately.
At the same time, AMUSA announced the January 2020 hot rolled order books at AMUSA and AM/NS Calvert were closed.
A little later in the afternoon, we were advised that NLMK USA was following with a $40 per ton increase of their own, although it was not known if the company intended to provide a written announcement to their customers.
In late November, ArcelorMittal USA announced specific base pricing of $600 per ton ($30.00/cwt) on hot rolled, and cold rolled and coated at $810 per ton ($40.50/cwt). If the mill is holding the line on its price announcements, this would mean the goal is for $640 per ton hot rolled ($32.00/cwt) and $850 per ton on cold rolled and coated ($42.50/cwt).
So far SMU does not see the strength of this market as one where the domestic mills can dictate specific base pricing with no negotiation. SMU had benchmark HRC averaging $570 per ton ($28.50/cwt) last week prior to the announcement by AMUSA and NLMK USA.
The $570 per ton HRC average is up $100 per ton from the low of the cycle, which occurred the week of Oct. 1.
The latest announcements are the fourth in this cycle totaling $150 per ton ($7.50/cwt).
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/john-packard.png)
John Packard
Read more from John PackardLatest in Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/CRU-Logo-2023-07-21-at-4.35.41-PM.png)
CRU: Longs pricing trends diverge in North, South America
Most longs prices in the US were unchanged this month, except for rebar, which declined by $1.50/cwt ($30/short ton) m/m. While end-use demand is stable, inventories are well-stocked, keeping purchases limited. Domestic availability is sufficient to meet current demand, hindering the appetite for imported material. Meanwhile, prices for scrap remained under pressure in June, with […]
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor cuts plate prices by $125/ton, cites ongoing competition
Nucor Corp. announced that its plate mill group would cut prices for as-rolled, discrete, and normalized plate with the opening of its August order book.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor cuts HR price for fourth straight week
Nucor lowered its consumer spot price (CSP) for hot-rolled (HR) coil by another $10 per short ton (st) for the first week of July. The steelmaker said in a letter to customers on Monday that its CSP base price for the week will be $670/st for all of its sheet mills with the exception of California Steel Industries (CSI).
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Cliffs_logo2.2.png)
Cliffs sets $720/ton HR price with opening of August books
Cleveland-Cliffs on Tuesday announced its monthly hot-rolled (HR) coil price of $720 per short ton (st) with the official opening of its August order book. The rate is down from last month’s price of $800/st.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/CRU-Logo-2023-07-21-at-4.35.41-PM.png)
CRU: Demand weakness continues to weigh on global sheet markets
Demand has remained persistently weak across the globe for sheet steel, weighing on prices. US HR coil prices fell the furthest this week as high-volume, low-priced deals were transacted as mills looked to fill order books and competed with one another amid relative demand weakness. Meanwhile, European prices were also down due to low demand […]