Steel Products Prices North America

ArcelorMittal Dofasco increases spot sheet prices

February 5, 2025

ArcelorMittal Dofasco is raising spot sheet prices by CA$100 per ton (US$70/ton).

The Hamilton, Ontario-based flat rolled steelmaker told customers the increase is effective immediately for all new orders.

It did not specify to what level this brings its base prices but noted its right to re-quote previous but unconfirmed orders.

“We will continue to monitor the marketplace and will respond accordingly with competitively priced product,” the company said in a letter to customers.

Sheet prices moving higher

Dofasco’s move follows other steelmakers also hoping to push prices higher in the new year.

On Monday, Feb. 3, Nucor raised its weekly spot price for HR to $775/st. That represents a $25/st rise since the first week of January.

On Jan. 31, U.S. Steel moved up $50/short ton on sheet products, targeting $800/st on HR coil.

The last time Cleveland-Cliffs published its monthly spot HR price was in December, when it said it would target a HR base price of $800/st.

SMU’s weekly check of the market showed current HR spot prices at $690-760/st, with an average of $725/st.

You can check out SMU’s Steel Mill Price Announcement Calendar to follow announced pricing moves.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. Since 2007, she has held various editorial and marketing positions with steel industry publications, associations, and mills. In 2021, after a five-year hiatus working across other industries, she returned to steel trade journalism, joining SMU in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.