Steel Products Prices North America

CSI Raised Flat Rolled Prices
Written by Tim Triplett
September 22, 2020
California Steel Industries notified customers on Monday, Sept. 21, that it has raised prices on its flat rolled products by $60-70 per ton ($3.00-3.50/cwt) due to changing market conditions. Effective immediately on all unconfirmed orders, prices for hot rolled, P&O and galvanized have increased by a minimum of $60 per ton, while cold rolled is up by $70 per ton.
CSI also has opened its flat rolled order book for November and December to enable orders to be produced without being affected by annual maintenance scheduled on the company’s hot mill in December. All pricing is subject to slab availability and mill capacity, the company said.
Slabs may be in tight supply in the fourth quarter as a result of the Trump administration’s decision to dial back the quota on imports from Brazil. The decision will limit the amount of Brazil’s semifinished steel exports to the U.S. for the rest of the year to 60,000 metric tons, down from 350,000 tons.
CSI last raised flat rolled prices less than a month ago, on Aug. 26, when it announced a $50-60 hike. Domestic steelmakers have announced a series of price increases on flat rolled and plate products since May, as the economy and steel demand recover from the coronavirus, bringing the spot market price for hot rolled to about $600 per ton.

Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America

SMU Price Ranges: Sheet and plate steady ahead of Independence Day
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.

Nucor maintains plate prices, opens August order book
Nucor aims to keep plate prices flat again with the opening of its August order book.

Nucor CSP remains level at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.

Cliffs raises prices, seeks $950/ton for July spot HR
Cleveland-Cliffs plans to increase prices for hot-rolled (HR) coil to $950 per short ton (st) with the opening of its July spot order book. The Cleveland-based steelmaker said the price hike was effective immediately in a letter to customers dated Monday.

HRC vs. prime scrap spread widens in June
The price spread between HRC and prime scrap widened in June.