Steel Mills

CSI Opens October, Raises Prices and Closes in a Week
Written by Michael Cowden
July 27, 2021
California Steel Industries (CSI) has closed its flat-rolled steel order book for October just a week after opening it.
“We want to thank you for your continued support. … We will contact you when we open the flat rolled order book for future orders,” the company said in letters to customers.
The West Coast slab converter opened its October books on Monday, July 19, and closed them on Monday, July 26, according to the letters.
CSI also opened and closed its September order book after just one week.
The company did not officially announce any price increases when it opened its October books. But market participants said the company quietly raised prices by approximately $80 per ton ($4 per cwt).
That resulted in hot-rolled coil base prices going from approximately $1,860 per ton ($93 per cwt) in September to $1,940 per ton ($97 per ton) in October. The increase also brought cold-rolled coil and galvanized base prices to approximately $2,180 per ton ($109 per cwt), sources said.
CSI is expected to open November books in mid-August and is likely to raise prices then yet again, they said.
The company, 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

SSAB announces $74M expansion in Alabama
The project will expand heat treat capacity at its Axis, Alabama plant

ArcelorMittal’s EAF in Alabama expects first heat in Q2
The facility at AMNS Calvert will be the first EAF in North America capable of supplying exposed automotive grades with domestically melted and poured material.

Nucor’s Topalian lauds Trump’s trade policies, downplays impact
Nucor’s top exec Leon Topalian said the benefit of the current administration’s aggressive trade policies “trumps” any risk of potentially higher raw materials prices.

SSAB reports higher production, shipments
But profits slipped vs. last year.

Nucor earnings slump in first quarter, but better times seen ahead
Nucor’s profits fell precipitously in the first quarter, but the company has a rosier outlook for the following quarter.