Steel Prices

NLMK USA said to be seeking $900/st HR and $1,100/st for tandem products

February 20, 2025

NLMK USA has opened its April order book at new, higher base prices for steel sheet, according to market participants.

The steelmaker is seeking at least $900 per short ton (st) for hot-rolled (HR) coil and at least $1,100/st for cold-rolled and coated products, they said.

NLMK USA has not written the increase on company letterhead, sources said.

NLMK USA operates an electric-arc furnace (EAF) steel mill in Portage, Ind., a hot-strip mill and a cold-reduction mill in Farrell, Pa., and a galvanizing facility in Sharon, Pa. The Portage mill has a capacity of 800,000 st per year.

The company has a smaller presence in the US than major sheet mills such as Nucor, Cleveland-Cliffs, Steel Dynamics Inc. (SDI), and U.S. Steel. But it is a significant player in the spot market.

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.