Steel Mills
US Steel Piles in With Nucor, Cliffs in Hiking Sheet Prices $100/ton
Written by Michael Cowden
February 21, 2023
US Steel has joined competitors Nucor and Cleveland-Cliffs in raising base prices for steel sheet by at least $100 per ton ($5 per cwt).
The Pittsburgh-based steelmaker said the price hike was effective immediately for all new spot orders in a letter to top sales staff dated Tuesday, Feb. 21.
The company said the increases were also being implemented at its Big River Steel electric-arc furnace sheet mill in Arkansas and at its USS-UPI operations in California.
“Pricing extras, as published on our websites, and fuel surcharges must continue to be fully applied,” US Steel said in the letter, which was signed by chief commercial officer Ken Jaycox.
The price hike by US Steel means that three of the four largest domestic sheet mills have announced price increases totaling $200 per ton since the beginning of the month.
Steel Dynamics Inc. (SDI), the fourth, does not typically announce price hikes publicly.
Nucor and Cliffs announced a target price of $1,000 per ton for hot-rolled coil (HRC). US Steel did not announce a target price.
HRC prices have not been at or above $1,000 per ton since late June of last year, when they were falling on their way to a 2022 low of $615 per ton in November, according to SMU’s pricing tool.
By Michael Cowden, michael@steelmarketupdate.com

Michael Cowden
Read more from Michael CowdenLatest 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 […]