Steel Products Prices North America
Nucor & NLMK USA Follow ArcelorMittal with +$40 Price Increase on Flat Rolled
Written by John Packard
December 1, 2016
Late in the day on Wednesday, Nucor and NLMK USA advised their customers of their intention to raise spot flat rolled prices by an additional $40 per ton. This follows ArcelorMittal’s announcement on Tuesday of specific minimum base price levels of $600 per ton hot rolled, $820 per ton cold rolled and coated steel products (galvanized & Galvalume).
This is now the 4th price announcement made by Nucor and NLMK USA since late October 2016.
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.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
Plate report: Prices getting closer to pre-Covid norms
The US plate market finds itself in unfamiliar territory, well maybe unfamiliar territory for this side of the post-Covid “normal,” that is.
SMU price ranges: Sheet momentum indicator shifts to neutral in mixed market
SMU’s steel price indices showed mixed signals for a second consecutive week. Our hot rolled, cold rolled, and plate price indices inched lower from last week, as the galvanized index held steady and Galvalume's ticked higher.
Nucor increases CSP, aims for $720/ton on HRC
Nucor has raised its weekly consumer spot price (CSP) by $10 per short for hot-rolled (HR) coil to $720/st.
Nucor inches HR price up, aims for $695/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $695 per short ton (st), up $5/st from last week.
Nucor maintains $690/ton HR base price
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil is unchanged from last week at $690/ton.