Steel Mills
CSI Closes September Flat Rolled Order Book
Written by Michael Cowden
July 1, 2021
You’ll have to wait until the fourth quarter if you’re looking for flat rolled from California Steel Industries (CSI).
The West Coast slab converter announced that it had closed its September order book on Thursday, July 1 – just a week after it opened the month and increased prices by $200 per ton ($10 per cwt).
“We will contact you when we open the flat rolled order book for October,” the company said in a letter to customers.
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.
The company’s closure of its September order book dovetails with SMU channel checks indicating that demand remains firm despite prices continuing to set new highs week-over-week following a nearly year-long upcycle.
Case in point: SMU’s benchmark hot-rolled coil price is at $1,770 per ton ($88.50 per cwt), up 9.3% from $1,620 per ton a month ago and more than triple $480 per ton a year ago.
Hot-rolled coil lead times – an advance indicator of which way prices are headed – average 10.5 weeks, little changed from 10.36 weeks a month ago but nearly triple the 3.58 weeks recorded this time last year, according to SMU’s interactive pricing tool.
By Michael Cowden, Michael@SteelMarketUpdate.com
Michael Cowden
Read more from Michael CowdenLatest in Steel Mills
Steel Summit: Schneider sees SDI ‘on the edge of a very good run’
Steel Dynamics Inc. (SDI) President and Chief Operating Officer, Barry Schneider, remains bullish about the Fort Wayne, Ind.-based steelmaker’s position in the current market.
Steel Summit: Burritt says USS and Nippon are fast-tracking modern steelmaking
U.S. Steel President and CEO David Burritt told audiences at SMU's Steel Summit 2025 that the iconic American steelmaker’s partnership with Nippon Steel is fast-tracking smarter steel production.
Nucor moves to stop HRC price slide with $10/ton hike
Nucor is attempting to halt the decline in hot-rolled coil prices with the announcement of a $10-per-short-ton increase in its weekly consumer spot price on Monday.
Explosion rocks ArcelorMittal’s DR plant in Mexico
ArcelorMittal reported a "strong" explosion at the direct reduction part of its massive Lazaro Cardenas mill in Mexico.
SDI to acquire remaining stake in New Process Steel
Steel Dynamics Inc. (SDI) announced that it has agreed to acquire the remaining 55% equity interest in New Process Steel.