Steel Products Prices North America

ArcelorMittal, CSI, UPI Raise Prices

Written by Tim Triplett

January 26, 2018

West Coast steel mills California Steel Industries (CSI) and USS-POSCO Industries (UPI) announced further flat roll price increases yesterday, Jan. 24. Today, ArcelorMittal USA began advising their flat rolled customers of a change in their minimum base price levels on hot rolled, cold rolled and coated steels.

CSI told customers that due to changing market conditions it is increasing transaction prices by $60 per ton on Hot Rolled and P&O, $40 per ton on Galvanized and $30 per ton on Cold Rolled. The increases are effective immediately on all unconfirmed orders. CSI is now taking orders for shipment in the first two weeks of March.

UPI announced a $60 per ton increase on Hot Rolled P&O and $40 per ton hikes on Cold Rolled and Galvanized, effective immediately. UPI also said it has limited space available to accept March orders.

The latest price moves follow $30 per ton increases announced by the two mills on Jan. 2.

ArcelorMittal Moves Base Price Minimums

Joining the West Coast mills in announcing new pricing today was ArcelorMittal USA, which set new base prices for its sheet products. Effective immediately on unconfirmed orders, Hot Rolled is at $750 per ton, and Cold Rolled and Hot-Dipped Galvanized are at $930 per ton. The company said it has experienced a significant increase in order entry over the past couple weeks and has limited production availability through the first quarter.

Tim Triplett

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