Steel Products Prices North America

Algoma Raises Spot Price on Hot Rolled, Cold Rolled
Written by Sandy Williams
December 8, 2020
Canada’s Algoma Steel notified customers on Monday, Dec. 7, that, effective immediately, prices on spot orders for hot rolled and cold rolled sheet products will be increased by U.S. $60 per ton.
Algoma reserves the right to review and requote any unconfirmed orders. Published extras will also be applicable with new orders.
Algoma’s last price hike on HR and CR was on May 4, increasing $50 per ton at that time.
Steel Market Update estimates the current benchmark price for hot rolled in the market at $865 per ton, with all indications it will rise further, boding well for Algoma’s ability to collect its increase.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products Prices North America

CRU: Q3 will be the lowest point in current sheet price cycle
CRU Principal Analyst Shankhadeep Mukherjee expects a restocking cycle for steel sheet products in most parts of the world due to either low inventories or seasonally stronger demand.

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.

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.