Steel Products Prices North America

AK Steel, USS/Posco, California Steel and Essar Steel Algoma Raise Prices
Written by John Packard
April 8, 2014
More flat rolled steel mills have joined in and raised flat rolled steel prices over the past couple of days.
On Friday, April 4th USS/POSCO sent a letter to their customers advising them that flat rolled steel base prices would rise by $30 per ton ($1.50/cwt) on all products. UPI opened their June order book for galvanized and announced that they have expanded their thickness range to now include 0.130” min (10 gauge). UPI also advised their customers that they still have cold rolled and hot rolled pickled & oiled availability for May. The mill also has some finished inventory available for immediate shipment.
On Monday, AK Steel put out a press release advising the industry that they are taking hot rolled base prices to $700 per ton ($35.00/cwt). AK Steel is the first to reach the $700 per ton mark on spot hot rolled price offers as the other mills are in the $685-$690 range. AK has not made any spot adjustments on cold rolled and coated products as SMU believes they have no spot tons to sell in those products.
We learned today that Essar Steel Algoma, which has been suffering from ice and other issues limiting the amount of iron ore into their facility, has been running on reduced capacity for a number of weeks. Our sources advise the mill is verbally raising prices on hot rolled to $685 for May production.
California Steel Industries (CSI) sent a letter to their customers dated today (April 8th) advising that their order book is now open and their transaction prices are going up by $20 per ton on hot rolled, HRPO and cold rolled and $30 per ton on galvanized.
All of these price increases come after Nucor raised flat rolled base prices on spot sales by $25 per ton to $685 on hot rolled coil and $815 on cold rolled and coated.
So far, SMU has confirmed price increases out of the mills referenced above as well as Severstal and NLMK USA. We anticipate other mills to follow the increases but many have limited to no spot tons available to sell.

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 […]