Prices
February 5, 2025
ArcelorMittal Dofasco increases spot sheet prices
Written by Laura Miller
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.
