Steel Products Prices North America
CSI & UPI Open February & Raises Prices by $100-$120 per ton
Written by John Packard
December 11, 2016
On Friday California Steel Industries (CSI) and later in the day UPI (USS-POSCO Industries) increased base prices on flat rolled products produced by each mill.
California Steel was the first mill to move, raising prices on hot rolled by $100 per ton, HRP&O by $100 per ton ($5.00/cwt) and cold rolled and coated by $120 per ton ($6.00/cwt). The prices are effective immediately.
The USS-POSCO letter was sent later in the day and UPI mirrored the CSI increase announcement by taking HRP&O up by $100 per ton ($5.00/cwt) and cold rolled and galvanized up by $120 per ton.
West Coast customers told SMU the amount of the increase is not a surprise as the West Coast steel mills have been lagging behind the mills in the East who have been announcing more than one increase during any one month. The $100 to $120 per ton is to catch the West Coast mills up to their brethren east of the Rocky Mountains.
Both CSI and UPI published new coating weight extras during the month of November and their new extras are in effect for any February spot orders.
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 […]