Steel Products Prices North America
CSI Raises Flat Rolled by Another $50-70 Per ton
Written by Tim Triplett
November 17, 2020
California Steel Industries notified customers on Monday that its February order book is now open and it is increasing transaction prices on its flat rolled products.
CSI increased pricing on spot orders of hot rolled and P&O by $50 per ton, and on orders for cold rolled and galvanized by $70 per ton, effective immediately. All pricing is subject to slab availability and mill capacity.
“We express our sincere appreciation for your ongoing support as we all manage our business through the significant swings in economic conditions related to the Covid-19 pandemic,” the company said.
This is the fourth increase by CSI on flat rolled since late August as the economy and steel demand have recovered from the pandemic. This week’s announcement was preceded by increases of $90-100 per ton on Nov. 2, $60-70 per ton on Sept. 21, and $50-60 per ton on Aug. 26. Steel Market Update’s check of the market this week puts the benchmark price for hot rolled steel at $730 per ton.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
CRU: US longs prices remain mostly flat in October
CRU Senior Steel Analyst Alexandra Anderson shares insight into the current market for long steel products.
Nucor holds HR base price at $730/st
Nucor is holding its hot-rolled (HR) coil consumer spot price (CSP) at $730 per short ton (st) this week.
Buyers say galv prices stable mill level but stuck in swamp on the street
Galvanized steel buyers on Tuesday discussed the eerie stability in sheet prices of late. Expectations are for the murky market to persist in the short term, while glimmers of hope continue for prices pushing higher.
Nucor ups weekly HR price by $10/ton
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil increased $10 per short ton (st) from last week to $730/st as of Monday, Sept. 23.
Plate report: Prices getting closer to pre-Covid norms
The US plate market finds itself in unfamiliar territory, well maybe unfamiliar territory for this side of the post-Covid “normal,” that is.