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    November 1, 2023

    AM/NS Calvert Increases Sheet Again, Seeks $900/ton HR base

    Written by David Schollaert

    ArcelorMittal has joined U.S. Steel and Cleveland-Cliffs in aiming to push sheet prices higher, according to an internal commercial memo on Oct. 31.

    In the memo, ArcelorMittal set minimum base prices for product from AM/NS Calvert – its joint venture mill in Alabama with Japan’s Nippon Steel – at $900 per ton ($45 per cwt) for hot-rolled coil (HRC) and $1,150 per ton for cold-rolled and coated products.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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