Steel Products
NLMK Boosts Prices by $30
Written by Tim Triplett
January 29, 2018
NLMK USA notified customers today, Jan. 29, that it was increasing base prices on all products by $30 per ton, effective immediately, due to continued strong order placement. NLMK produces hot rolled, hot rolled pickled and oiled, cold rolled and galvanized products.
This is the fourth price increase announced by NLMK in the last three months, following $30 increases in November and December and a $40 price hike earlier in January.
NLMK’s move mirrors today’s announcement by AK Steel of a $30 per ton hike on its flat roll products.
{loadposition reserved_message}
Tim Triplett
Read more from Tim TriplettLatest in Steel Products
Domestic CRC prices edge up, import tags mixed
The price spread between US-produced cold-rolled (CR) coil and offshore products on a landed basis widened slightly in the week ended Nov. 22.
Active rig counts stable this week
US rig activity has remained in multi-year low territory since June. Drilling in Canada has edged lower across the last few weeks but remains historically strong.
Domestic HR, offshore prices decline
US hot-rolled (HR) coil prices slipped this week, while tags in offshore markets were also largely down. Thus, the price premium between stateside hot band and imports on a landed basis was relatively unchanged.
Kloeckner, SDI collaborate on aluminum plant in Mississippi
The investment is aimed at growing Kloeckner’s automotive and industrial segment in the US and Mexico.
HVAC shipments slip in September but are still trending higher
Following a strong August, total heating and cooling equipment shipments eased in September to a five-month low, according to the latest data from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).