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’s hot band list price holds at $875/ton
Nucor held its hot-rolled coil list price flat again this week, according to its Monday, Sept. 15 consumer spot price (CSP) notice.
Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.
SMU Price Ranges: Some predict bottom is near as big discounts dry up
Sheet prices were mixed this week as some mills continued to offer significant discounts to larger buyers while others have shifted toward being more disciplined, market participants said.
SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.
Nucor spot HR list price unchanged at $875/ton
Nucor kept its weekly list price for hot-rolled (HR) coil unchanged this week, following a price bump of $10 per short ton (st) last week.