Steel Mills
ArcelorMittal USA Announces Higher Base Prices than NLMK USA
Written by John Packard
October 2, 2013
ArcelorMittal USA came out with new flat rolled base prices shortly after those announced by NLMK USA. In an email to their customers, AM advised, “Effective immediately, the following minimum base prices are applicable to all future orders accepted by Arcelor Mittal USA LLC for delivery by December 31, 2013.”
The base prices presented were higher than those requested by NLMK in their letter to their customers. AM is asking for a minimum of $34.00/cwt base on hot rolled coil ($680 per ton) and $39.50/cwt base on cold rolled and coated (galvanized & Galvalume) or $790 per ton plus extras.
The AM price levels are $10 per ton higher than NLMK on hot rolled and $20 per ton higher on cold rolled and coated.
ArcelorMittal did not provide any details as to why prices were being increased at this point in time.
As with NLMK, we have created a timeline for ArcelorMittal price increases below.
John Packard
Read more from John PackardLatest in Steel Mills
USS/Nippon deal: Who will have the happiest holidays?
Will Santa bring gifts for the leadership, employees, and shareholders of U.S. Steel and Nippon Steel, and lumps of coal for USW leadership and politicians opposed to the deal?
‘Orderly liquidation’ of AHMSA assets begins
A trustee has formally taken over AHMSA and begun the liquidation process of the bankrupt Mexican steelmaker.
Nippon buying stake in Canadian iron ore project
Nippon Steel and a Japanese trading company have entered an agreement to buy a 49% interest in a Champion Iron ore project in Canada.
USS anticipates Q4 loss on weak demand, BR2 start-up
Amid a challenging pricing and demand environment, and with the ongoing ramp-up of the Big River 2 mill, USS is anticipating a loss for the fourth quarter.
Nucor blames steel mills segment for depressed Q4 guidance
Nucor cited decreased volumes and prices in it steel mills segment as the key driver of its lower guidance for the fourth quarter.