Steel Products Prices North America
USS/POSCO Raises Flat Rolled Prices by $50/Ton
Written by John Packard
June 18, 2017
On Friday, June 16th USS/POSCO Industries (UPI) in Pittsburgh, California increased flat rolled steel prices by $50 per ton ($2.50/cwt). The steel price increases were to be in effect “immediately.”
Prices were raised on all products produced at UPI. This includes hot rolled pickled & oiled (HRPO), cold rolled (CR) and galvanized steels.
In a letter to their customers, Director of Sales for Sheet Products, MD Amin advised, “At this time, we have limited space to accept July orders for all products.”
This is the second increase announced by USS/POSCO during the month of June 2017. The mill took prices up $30 per ton on June 5th after California Steel Industries (UPI) led the charge with the same increase amount on June 2nd. All of the domestic and Canadian mills followed.
It is expected that the U.S. and Canadian mills will follow UPI’s lead and announce flat rolled price increases of their own next week (week of June 19th).
USS/POSCO is a joint venture conversion steel mill located in Pittsburgh, California close to San Francisco & Oakland, CA. The mill converts hot rolled coil to HRPO, cold rolled and galvanized steel coils servicing the West Coast markets.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
SMU Price Ranges: HR slips, hopes for Q4 rebound still standing
SMU’s price ranges were mixed again this week as the market continues to seek a floor amid industry hopes for a Q4 rebound.
Nucor’s hot band list price holds at $875/ton
Nucor held its hot-rolled coil list price flat again this week, according to its Monday, Sept. 15 consumer spot price (CSP) notice.
Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.
SMU Price Ranges: Some predict bottom is near as big discounts dry up
Sheet prices were mixed this week as some mills continued to offer significant discounts to larger buyers while others have shifted toward being more disciplined, market participants said.
SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.