Update: AM Dofasco, Stelco up prices by CA$100/ton

ArcelorMittal Dofasco and Stelco are aiming to increase by prices by a minimum of CA$100 per short ton (US$72) (st), effective immediately.

Hamilton, Ontario-based AM Dofasco and fellow Canadian steelmaker issued announcements to customers on Monday.

AM Dofasco noted in its letter that the hike on spot market base prices applies to all new orders, and that all extras will continue to apply.

In its separate announcement, Stelco said the increase applies to all products.

Last month, the two companies announced another CA$100/st price rise.

You can track mill pricing notices on SMU’s Mill Price Announcement Calendar.

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA. in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

Ethan Bernard

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