Steel Mills
CSI Opens May Books, Quietly Increases Prices: Sources
Written by Michael Cowden
February 16, 2021
California Steel Industries (CSI) has opened its May order book, and the West Coast slab converter has also increased prices, according to market participants.
“The purpose of this letter is to inform you that CSI’s May flat rolled order book is now open,” the company said in a Feb. 16 letter to customers.
The letter did not specify an increase. But market participants said CSI had offered them May pricing $50-80 per ton ($2.50-4.00/cwt) higher than April levels.
Those increases put CSI’s prices, fob mill, at approximately $1,240-1,260 per ton for hot-rolled coil and $1,400-1,420 for cold-rolled and galvanized base, sources said.
While some sources have said domestic prices will peak around current levels, others think they might continue to rise on limited supplies and given that new capacity–namely, Steel Dynamics Inc.’s new mill in Sinton, Texas–won’t come online until this summer.
CSI, approximately 50 miles east of Los Angeles in Fontana, Calif., makes hot-rolled, pickled-and-oiled, cold-rolled and galvanized products as well as welded pipe.
By Michael Cowden, Michael@SteelMarketUpdate.com
Michael Cowden
Read more from Michael CowdenLatest in Steel Mills
SDI first steelmaker with carbon targets certified by GSCC
Steel Dynamics Inc. (SDI) has become the world’s first steel producer with carbon targets certified by the Global Steel Climate Council (GSCC).
ArcelorMittal Mexico to return to full production next week
After a complete stoppage earlier this year, ArcelorMittal Mexico’s steel mill in Lazaro Cardenas, in the state of Michoacán, will soon return to full production.
Stelco/Cliffs deal clears antitrust hurdle in Canada
Stelco Inc. said that the Canadian Competition Bureau will not challenge Cleveland-Cliffs’ pending buy of the Hamilton, Ontario-based steelmaker.
Cliffs clears antitrust step in $2.5B bid for Stelco
Cleveland-Cliffs has cleared a regulatory hurdle for its pending purchase of Canadian steelmaker Stelco Inc.
AISI: Raw steel production continues to slide
US raw steel mill production has slipped for the fourth consecutive week, according to the latest figures released from the American Iron and Steel Institute (AISI).