Steel Products Prices North America
CSI, UPI Start 2018 with $30 Price Hikes
Written by Tim Triplett
January 2, 2018
Starting the New Year with a new price, California Steel Industries (CSI) and USS-POSCO Industries (UPI) announced $30 per ton price increases today, Jan. 2.
In a letter to customers, CSI stated it is increasing transaction prices on hot rolled, hot rolled pickled and oiled, cold rolled and galvanized flat roll by $30 per ton, effective immediately. CSI is now taking orders for shipment in the first two weeks of February.
Likewise, UPI announced that it was raising base prices for hot rolled P&O, cold rolled and galvanized sheet by a minimum of $30.00 per net ton. Both mills reserve the right to requote any unconfirmed orders. Mill extras will continue to apply.
CSI and UPI were among several flat roll mills that announced a $30 per ton increase in mid-December. This latest announcement, following so closely on the previous price hike, suggests the mills are seeing some success in collecting higher spot steel prices.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
SMU price ranges: Slow start to the year
Steel prices ticked lower this week for four of the five products SMU tracks, according to our latest canvass of the sheet and plate markets. Following last week’s bump, our hot rolled, cold rolled, galvanized, and plate indices all edged lower this week by $5-15 per short ton (st) on average. Galvalume was the only […]
Nucor holds the line on published HR spot price
The steelmaker has kept its weekly consumer spot price for hot-rolled steel sheet unchanged since Nov. 12.
Nucor’s HR spot price unchanged for 5th week
Nucor’s weekly spot price for hot-rolled (HR) coil will remain at $750 per short ton (st) for a fifth week.
SMU price ranges: Market stable amid post-Thanksgiving glut
Steel sheet prices remain at or near multi-month lows, while plate prices continue edging lower from their mid-2022 peak.
Nucor again holds HR spot price at $750/ton
For the fourth week in a row, Nucor will keep its published spot price for hot-rolled (HR) coil unchanged.