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

Galvanized Sheet’s Premium Over Hot Rolled Hovering Around $200/Ton
The spread between hot-rolled coil (HRC) and galvanized sheet base prices has been hovering near $200 per net ton since late July, according to SMU’s latest analysis.

Plate Report: Quiet Turning to Sluggish?
The US plate market has been rather quiet over the past couple of weeks since Nucor Corp. caught many off guard with a $140-per-ton price cut.

SSAB’s Jeff Moskaluk on Wind’s Flurry of Opportunity for Steel
SMU discussed wind energy, a promising end-use market for steel, with SSAB Americas’ SVP and CCO Jeff Moskaluk.

SMU Survey: Mills Less Willing To Talk Price on Sheet, Plate More So
Steel buyers said mills are less willing to budge on spot pricing for sheet products, but plate bucked this trend, according to SMU’s most recent survey data.
AM/NS Calvert, Stelco Follow Major Sheet Mills Higher
ArcelorMittal and Stelco joined last week’s move by domestic mills to push sheet prices higher.