Steel Products Prices North America
ArcelorMittal USA Quantifies Flat Rolled Base Pricing (Again)
Written by John Packard
February 23, 2017
If at first you don’t succeed, try, try again.
On Monday Nucor began the flat rolled steel price increase announcement train as they, and just about every other flat rolled mill in the United States, came out with a $30 per ton increase. Steel buyers, however, were confused as to where spot base prices were headed and Steel Market Update collected a range of responses to that question ranging from $610 to $650 per ton on hot rolled and $840 to $860 on cold rolled and coated steels.
On Wednesday, ArcelorMittal USA (AM) once again provided some guidance as to what “minimum” base prices should look like. The mill told their customers, “Our books are currently open to receive orders for production and shipment of Hot Rolled Sheets in the March/April timeframe and Cold Rolled and Coated Sheet deliveries are now into late April/early May, respectively…”
AM then went on to provide minimum base prices to their customers:
Hot rolled sheet: $640 per ton ($32.00/cwt)
Cold rolled sheet: $850 per ton ($42.50/cwt)
Galvanized: $850 per ton ($42.50/cwt)
Galvalume: $850 per ton ($42.50/cwt)
The base prices referenced by AM were the same as the one’s announced by the mill in their January price announcement.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
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 […]
ArcelorMittal Dofasco increases spot sheet prices
ArcelorMittal Dofasco is raising spot sheet prices by CA$100 per ton (US$70/ton). The Hamilton, Ontario-based flat rolled steelmaker told customers the increase is effective immediately for all new orders. It did not specify to what level this brings its base prices but noted its right to re-quote previous but unconfirmed orders. “We will continue to […]
Nucor raises HR spot price to $775/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $775 per short ton (st) on Monday, Feb. 3. The $15/st week-on-week (w/w) rise marks the first back-to-back increases in the steelmaker’s weekly CSP since last August, according to SMU’s mill price announcement calendar. Nucor’s joint-venture subsidiary California Steel Industries (CSI) is also up […]
Nucor raises HR spot price to $760/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $760 per short ton (st) on Monday, Jan. 21. The $10/st week-on-week (w/w) rise marks the first increase in the CSP since Nov. 12. According to SMU’s mill price announcement calendar, the Charlotte, N.C.-based steelmaker held the weekly price at $750/st for 11 […]