Steel Mills

Stelco Follows $60/Ton Sheet Price Push
Written by David Schollaert
November 30, 2022
Stelco Holdings Inc. intends to increase spot prices for carbon steel sheet by at least CAD $80 per ton (USD $60 per ton or $4 per cwt).
The move is effective immediately, the company said in a letter to customers on Tuesday, Nov. 29, and applies equally to all new orders of hot-rolled, cold-rolled, and coated steel products in North America.
The Hamilton, Ontario-based steelmaker is the third North American mill to announce a price increase this week. Cleveland-Cliffs and US Steel both announced a $60-per-ton price increase on all flat-rolled products on Monday.
SMU’s HRC price now stands at $625 per ton as of Nov. 29, up $10 per ton from the previous week. It’s still too early to tell if the latest round of mill increases will in fact provide some lift to eroding tags or if it will ultimately be like the price-hike notices back in August. At the time, the move only temporarily delayed an inevitable second round of decreases.
By David Schollaert, David@SteelMarketUpdate.com

David Schollaert
Read more from David SchollaertLatest in Steel Mills

ArcelorMittal posts solid results as commissioning of Calvert EAF begins
AM/NS Calvert has begun commissioning its new electric-arc furnace, with plans to reach its full annual run rate of 1.65 million short tons a year from now.

Tampa Steel Conference: Tanners on rising capacities and storms brewing across steel
There's a lot of production waiting to come online

USS idles “B” battery at Clairton following explosion
U.S. Steel has idled its "B" Battery at its Clairton Coke Works near Pittsburgh following a “release of excess pressure” inside a section of the battery on Feb. 5.

ArcelorMittal to start building Calvert NGO electrical steel line this year
ArcelorMittal announced on Thursday that it will begin the construction of its new $1.2-billion electrical steel mill in Alabama later this year. The steelmaker said it is proceeding with plans to build the new greenfield mill near its existing AM/NS joint venture in Calvert, Ala. The ArcelorMittal Calvert plant will have an annealing pickling line, […]

AISI: US steel shipments rise in December
Domestic steel shipments increased month over month and year on year in December, according to the latest data from the American Iron and Steel Institute (AISI). US steel mills shipped 7,145,016 short tons (st) in December, up 0.9% from 7,082,921 st in December 2023 and 6.6% higher than 6,702,557 st in November 2024. For the full-year […]