Steel Products Prices North America
October Begins Where September Left Off – Price Increases
Written by John Packard
November 4, 2013
The month of September ended with a bang as NLMK USA became the first mill to announce new flat rolled price increases. As we moved into the first few days of October the other domestic mills followed the NLMK lead – although none of the mills followed the base price levels suggested in the NLMK announcement. Instead ArcelorMittal USA, Nucor and the vast majority of the mills came out with the following base price foundations:
Hot Rolled Coil $680 per ton ($34.00/cwt)
Cold Rolled Coil $790 per ton ($39.50/cwt)
Coated Coil $790 per ton base ($39.50/cwt)
The one defection from the group was AK Steel which followed the ArcelorMittal lead on hot rolled and cold rolled pricing but took their coated base to $40.50/cwt ($810 per ton).
The NLMK announcement called for $33.50/cwt ($670 per ton) base on hot rolled and $38.50/cwt ($770 per ton) on cold rolled and coated.
There were no further announcements regarding spot prices as we proceeded through the end of the month and slipped into the month of November.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
SMU Community Chat: Timna Tanners on ‘Trumplications’ for steel in 2025
Wolfe Research's Managing Director Timna Tanners discusses the 'Trumplications' for steel in the coming year in this week's SMU Community Chat.
Nucor raises hot rolled spot price to $750/ton
Nucor raised its weekly consumer spot price (CSP) for HRC this week to $750/short ton.
SMU price ranges: Most sheet and plate products drift lower
Steel sheet prices mostly edged lower for a second week, while plate prices slipped for the third consecutive week.
Nucor drops HRC price to $720/ton
After holding its weekly spot price for hot-rolled (HR) coil steady for three weeks at $730 per short ton (st), Nucor lowered the price this week by $10/st.
SMU price ranges: Sheet slips, plate falls to 45-month low
Steel sheet and plate prices moved lower this week as efforts among some mills to hold the line on tags ran up against continued concerns about demand.