Steel Products
ArcelorMittal USA Sets Higher Minimums for Flat Rolled
Written by Tim Triplett
September 30, 2020
Following on the heels of plate price increases announced this week, the mills have begun raising prices on flat rolled as well.
Sources tell Steel Market Update that ArcelorMittal USA has informed customers of new minimum base prices of $650 per ton for hot rolled, and $850 per ton for cold rolled and coated products, effective immediately. Other mills are expected to follow.
Various mills announced higher flat rolled prices in August and September. The last flat rolled increase by AMUSA was a hike of $40 per ton on July 22. Steel Market Update’s check of the market this week puts the average spot price for hot rolled steel at $605 per ton.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products
Domestic mill shipments rise in June: AISI
US steel shipments increased month over month and year over year in June, according to the latest figures from the American Iron and Steel Institute (AISI).
Active rig counts slipped in US, Canada
Drilling activity slowed in the US and Canada last week, according to the latest oil and gas rig count data released by Baker Hughes.
OCTG producers in Canada take aim at Mexico, US, others
Evraz NA and Welded Tube of Canada have lodged an unfair trade complaint against imports of OCTG, including those from USMCA trading partners Mexico and the US.
Final Thoughts
The difference: The spat with Turkey was a big deal for steel. This time, the 50% reciprocal tariff for Brazil – if it goes into effect as threatened on Aug.1 – hits everything from coffee and to pig iron. It seems almost custom-built to inflict as much pain as possible on Brazil.
CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.