Steel Prices

AM/NS Calvert seeks $800/ton HR, $1,050/ton CR, and $1000/ton coated

February 6, 2025

ArcelorMittal is targeting a minimum base price of $800 per short ton (st) for hot-rolled coil.

The steelmaker is also seeking $1,050/st for cold-rolled product and a $1,000/st base price for coated material, according to a letter to customers dated Wednesday.

“The increase is applicable to all new spot orders and all recent quotations that have not yet been accepted by AMUS—AM/NS Calvert. We reserve the right to modify any outstanding quotations,” the company said in the letter.

Recall that AM/NS Calvert is a joint-venture sheet mill between Luxembourg-based ArcelorMittal and Japan’s Nippon Steel. It is located in Calvert, Ala.

The company in addition said in the letter that it was accepting March contract orders for HR and April orders for tandem products.

ArcelorMittal also announced a hefty price hike at ArcelorMittal Dofasco, its sheet mill in Hamilton, Ontario.

The target prices at Calvert are well above where SMU assessed spot prices earlier this week. We’re at $725/st on average for HR, $950/st on average for CR, and $910 on average for galvanized base. We’ll next update prices on Tuesday.

Michael Cowden

Michael Cowden is editor-in-chief for Steel Market Update. Cowden has covered the steel industry since 2007. He specializes in flat-rolled steel but has also reported on steel long products, steel pipe and tube, and aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.