Sheet
March 7, 2025
Written by David Schollaert
US cold-rolled (CR) coil prices continued to rise this week, well ahead of offshore prices. The price spread between stateside-produced CR and imports reached a 14-month high in the week ended March 7.
Steady price gains in overseas markets continue to be overshadowed by increases in domestic prices. The result? The US premium over imports widened for a fifth straight week.
Nucor's consumer spot price for hot-rolled increased by $10/st w/w on Monday, Oct. 5 to $1,230 per short ton.
Algoma Steel Group Inc. expects the first heat from its second electric-arc furnace (EAF) in the coming days, even as it forecasts a quarterly EBITDA loss and a 20% decline in shipments.
The results of the latest Steel Market Update (SMU) flat-rolled market survey are now available on our website to all premium members.
Steel mill lead times continued to expand for sheet and plate products this week, according to buyers responding to our latest market survey.
Sheet and plate prices continued to inch higher on a combination of scarce spot tons, long lead times, lean inventories, and stable demand.