Steel Products
USS-POSCO Joins Rivals Up $30 Per Ton
Written by Tim Triplett
December 11, 2017
USS-POSCO is the latest flat roll mill to announce a price increase. In a letter to customers today, the mill said that, effective immediately, it is raising base prices on all sheet products by a minimum of the following: Hot Rolled P&O, $30 per net ton; Cold Rolled, $30 per net ton; and Galvanized, $30.00 per net ton. Published extras will continue to apply.
The scale and the terms of POSCO’s announcement match the $30 price hikes by the other major mills last week, including Nucor, ArcelorMittal, California Steel Industries, U.S. Steel and NLMK.
In its communication with customers, ArcelorMittal referenced spot transaction base price minimums of $680 per ton on hot rolled ($34.00/cwt) and $860 per ton on cold rolled and coated steels ($43.00/cwt), before any extras are added, setting the mark for the current market.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products
Don’t miss next week’s Community Chat with Algoma Steel CEO Michael Garcia
Algoma Steel CEO Michael Garcia will be the featured guest on SMU’s Community Chat webinar on Wednesday, April 9, at 11 a.m. ET. Register here for free to join the timely conversation. As a key Canadian flat-rolled steel producer and supplier to the US, Algoma can offer valuable insight into the evolving tariff landscape — its challenges […]
AISI: US steel shipments decline in February
Domestic steel shipments decreased month over month and year on year in February, according to the latest data from the American Iron and Steel Institute (AISI).
US, offshore HRC prices differ widely on tariff situation
Domestic hot-rolled (HR) coil prices declined this week, a trend again reflected in most offshore markets. Despite similarities, the shifting tariff landscape has made for a wild ride in Q1.
Atlas Tube debuts ‘HSS Connections Hub’
Atlas Tube, part of Zekelman Industries, has introduced an engineering resource aimed at simplifying Hollow Structural Sections (HSS) connection design for structural engineers and fabricators.
Nucor keeps HRC price unchanged
Nucor paused its weekly hot-rolled (HR) coil price this week, keeping it flat for the first time since Jan. 21. This comes after a nine-week rally that saw the company increase prices by double-digits for eight of those weeks.