Steel Mills
USS/Posco Announces New Base Prices
Written by John Packard
January 30, 2014
On Wednesday of this week, USS/POSCO (UPI) opened their galvanized order book for the month of April. At the same time the mill announced enhancements to the galvanized product line and new effective base prices on all carbon flat rolled sheet produced at their steel mill located in Pittsburg, California.
The mill announced two enhancements to their galvanized product line. They have expanded the maximum thickness to .130″ minimum (10 gauge). At the same time all of the UPI produced galvanized sheet products are being produced with a ROHS compliant chemical treatment.
The following minimum base prices were said to be effective immediately on all products:
Hot Rolled Pickled & Oil = $36.25/cwt ($725/ton)
Cold Rolled Annealed = $40.50/cwt ($810/ton)
Hot Dipped Galvanized = $43.00/cwt ($860/ton)
The mill noted in their letter to their customers that full published price book extras would continue to be applied.
Finished Stock Available for Immediate Shipment
Even though UPI is opening their galvanized order book for April they still have HRPO and cold rolled available for February, March and April. According to the company letter “finished stock is available for immediate shipment.”
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.