Steel Products Prices North America
West Coast Mills First to Raise Prices
Written by John Packard
November 5, 2013
California Steel Industries (CSI) and U.S. Steel Posco (UPI) became the first domestic mills to raise flat rolled steel prices as they opened their order books for the month of January 2014.
CSI was the first to release their letter informing their customers that “due to changing market conditions” the mill was increasing their transaction prices as follows:
Hot Rolled $40 per ton ($2.00/cwt)
HRP&O $40 per ton ($2.00/cwt)
Cold Rolled $40 per ton ($2.00/cwt)
Galvanized $60 per ton ($3.00/cwt)
Soon after the CSI announcement, SMU received a letter from one of UPI’s customers essentially following the California Steel price announcement. The UPI letter called for their increase to be effective “immediately” and their HRP&O, cold rolled transaction prices would increase by $40 per ton and galvanized by $60 per ton.
Both California Steel and USS/Posco are conversion mills located in California. CSI produces their products from slabs while UPI converts hot bands.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
Nucor slows HRC price climb with $5/ton increase
After eight weeks of double-digit price increases on hot-rolled (HR) coil, Nucor slowed the price rise this week with an increase of $5 per short ton.
Domestic CRC prices surge ahead of imports
The price spread between stateside-produced CR and imports reached its widest margin in over a year.
Evraz raises plate prices $160/ton
Evraz North America (NA) has followed Nucor and SSAB with a plate price increase of its own: up $160 per short ton (st). The increase was effective immediately for all new orders of carbon, high-strength low-alloy, and normalized and quenched-and-tempered plate products, as well as for hot-rolled coil, the steelmaker said in a letter to […]
Nucor lifts HR coil to $820/ton
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil for a fourth consecutive week.
Nucor pushes HR spot price to $790/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $790 per short ton (st) on Monday, Feb. 10 – a $15/st bump vs. last week. The Charlotte, N.C.-based company has raised its weekly CSP by $40/st over the past three weeks after maintaining tags at $750/st since Nov. 12, according to SMU’s […]