Steel Products Prices North America

US Steel Announces Flat Rolled Price Increase
Written by John Packard
December 17, 2013
On Monday U.S. Steel put out a letter to their customers announcing a $20 per ton flat rolled spot price increase. The letter was from RY Kopf, General Manager North American Flat-Rolled Marketing and it read as follows:
Effective immediately, base pricing for all new Flat-rolled products spot orders is increased by a minimum of $20 USD per net ton. This increase is applicable to all open quotations and/or negotiations where an agreement is not yet concluded. Pricing extras, as published on our corporate web site, will continue to be fully applied.
Please communicate the details of this increase to our customers as soon as possible. Questions regarding this announcement should be directed to the appropriate NAFR Industry Manager or to me.
As we mentioned in Sunday night’s issue it is unusual for US Steel to make a public announcement. However, when reviewing the issues which exists at the other domestic mills it makes sense for USS to be the leader of this particular price increase announcement.
Steel buyers are telling us the USS announcement equates to essentially the same levels announced by AK Steel and Severstal NA back in early November. Hot rolled at approximately $700 per ton ($35.00/cwt), cold rolled and coated at approximately $810 per ton (base = $40.50/cwt) plus any applicable extras.

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 […]