Steel Prices
NLMK USA said to be seeking $900/st HR and $1,100/st for tandem products
Written by Michael Cowden
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
Read more from Michael CowdenLatest in Steel Prices
Miller on Raw Materials: Are more DRI investments coming to US?
Will more DRI investment come to the US?
Nucor maintains plate prices, opens August order book
Nucor aims to keep plate prices flat again with the opening of its August order book.
Nucor lifts HR spot price by $10/ton
Nucor has raised its weekly spot price on hot-rolled coil by $10 per short ton after holding it steady last week.
HR Futures: Oil, Mideast tensions fail to move steel
After a hot start to June, the CME ferrous derivatives complex has cooled down.
Hot rolled vs. galvanized price gap tightens further
As of June 24, the premium galvanized coil carries over hot-rolled coil is just $5 per short ton (st) above the lowest level recorded in almost two years.