Steel Products Prices North America
Nucor, Severstal & NLMK USA Announce New Flat Rolled Price Increases
Written by John Packard
April 6, 2014
On Friday morning, April 4th, Nucor became the first mill to announce a new wave of flat rolled steel price increases.
In a letter to their customers, the Nucor Sheet Mill managers advised that effective immediately, minimum base prices would be as follows:
Hot Rolled = $34.25/cwt ($685 per ton)
Cold Rolled = $40.75/cwt ($815 per ton)
Galvanized = $40.75/cwt ($815 per ton)
This represents a $25 per ton increase above the prices announced on March 17th by ArcelorMittal which Nucor matched on Wednesday, March 19, 2014. At that time, hot rolled prices were referenced as being $33.00/cwt ($660 per ton) and cold rolled and coated were $39.50/cwt ($790 per ton).
Later in the day NLMK USA came out with a $30 per ton price increase. When added to the previously announced $660 per ton for hot rolled this would put NLMK at $690 per ton and on coated they would move from $790 to $820 per ton base prices on cold rolled and coated (assuming they are pricing their increase off prior announced base price levels).
Late in the day Severstal came out with a price announcement matching the Nucor $685 and $815.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
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 […]
ArcelorMittal Dofasco increases spot sheet prices
ArcelorMittal Dofasco is raising spot sheet prices by CA$100 per ton (US$70/ton). The Hamilton, Ontario-based flat rolled steelmaker told customers the increase is effective immediately for all new orders. It did not specify to what level this brings its base prices but noted its right to re-quote previous but unconfirmed orders. “We will continue to […]
Nucor raises HR spot price to $775/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $775 per short ton (st) on Monday, Feb. 3. The $15/st week-on-week (w/w) rise marks the first back-to-back increases in the steelmaker’s weekly CSP since last August, according to SMU’s mill price announcement calendar. Nucor’s joint-venture subsidiary California Steel Industries (CSI) is also up […]
Nucor raises HR spot price to $760/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $760 per short ton (st) on Monday, Jan. 21. The $10/st week-on-week (w/w) rise marks the first increase in the CSP since Nov. 12. According to SMU’s mill price announcement calendar, the Charlotte, N.C.-based steelmaker held the weekly price at $750/st for 11 […]