Steel Products Prices North America
Mills Announce $40 Increase in Flat Rolled Prices
Written by Tim Triplett
July 21, 2020
U.S. Steel, USS-POSCO Industries (UPI) and AK Steel each announced a $40 increase in flat rolled steel prices on Tuesday, July 21, hoping to reverse the slide that has cut about $120 per ton from steel prices since the coronavirus struck in mid-March.
U.S. Steel’s North American Flat-Rolled Sales Organization informed customers today that base pricing for all new flat-rolled spot orders is increased by a minimum of $40 per net ton, and pricing extras will continue to be fully applied as published.
USS-POSCO Industries (UPI) followed suit, raising its base prices for all hot rolled P&O, cold rolled and galvanized products by $40 per net ton.
Cleveland-Cliffs, Inc., parent company of AK Steel, announced that it also has increased spot market base prices for all carbon flat-rolled steel, including hot rolled, cold rolled and coated products, by a minimum of $40 per ton, effective immediately on new orders in North America.
The last flat rolled price hike by the major mills was exactly two months ago, on May 21, when they announced a similar $40 increase, which subsequently failed to stick.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
SMU Price Ranges: HR holds, galv slips amid competing market narratives
SMU’s sheet and plate prices see-sawed this week as hot-rolled (HR) coil prices held their ground while prices for galvanized product slipped.
Nucor carries $875/ton HR list price into week seven
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Oct. 6
SMU Price Ranges: A newsy week sees modest price gains despite a quiet spot market
Market participants predicted that prices should be at or near a bottom. But while most seemed to agree on that point, many also said they saw little upside given a quiet spot market and ongoing concerns about demand.
Nucor increases plate prices by $60/ton
Nucor aims to increase prices for steel plate by $60 per short ton with the opening of its November order book.
Nucor’s $875/ton HR spot price spills into week six
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Sept. 29.