Steel Mills

CSI Opens November Flat Rolled Order Book, Raises Prices

Written by Michael Cowden

August 26, 2021

California Steel Industries (CSI) has opened its November order book for flat-rolled steel and increased prices, according to market participants.

CSI did not specify whether it had increased prices. But it has quietly hiked prices in prior months along with the opening of books.

The latest hike was approximately $60-80 per ton ($3-4 per cwt) – with the amount varying by customer and by proximity to the mill, sources said.

“All pricing is subject to slab availability and mill capacity,” the West Coast slab converter said in letters to customers dated Thursday, Aug. 26.

“Customers are reminded that prices are subject to change at any time unless a firm price has been previously quoted and confirmed,” the company added.

The move comes one month after CSI closed its October book.

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

Michael Cowden is managing editor for Steel Market Update. Cowden has covered the steel industry since 2007. He has since 2014 specialized in flat-rolled steel but has previously reported on steel long products, steel pipe and tube as well as aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago - where he was involved in launching AMM's daily hot-rolled coil index, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.

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