Nucor & NLMK USA Follow ArcelorMittal with +$40 Price Increase on Flat Rolled

In the case of NLMK USA they announced $30 per ton on October 24, 2016, another $30 per ton on November 8th before providing specific base price levels to their customers on November 15th of $560 per ton on hot rolled and $780 per ton on cold rolled and coated steels. With this $40 per ton increase NLMK USA will be at the same minimum base price levels as ArcelorMittal – $600 per ton ($30.00/cwt) on hot rolled and $820 per ton ($41.00/cwt) on cold rolled as well as coated products.

Nucor, on the other hand, raised prices on Wednesday by $40 per ton. Since October 21st Nucor has increased flat rolled prices by $200 per ton ($10.00/cwt). Nucor was up $30 on October 21st, another $30 on November 8th and $40 on November 15th.