Steel Products
Flat Rolled Price Up $40 at ArcelorMittal
Written by Tim Triplett
January 30, 2019
Steel Market Update has confirmed that ArcelorMittal joined the other major mills in raising flat rolled steel prices this week.
ArcelorMittal notified its commercial team that it is raising base prices a minimum of $40 per ton on all light flat rolled sheet products, effective immediately. The increase applies to all new and unacknowledged orders with ArcelorMittal or AM/NS Calvert. All current published extras continue to apply.
{loadposition reserved_message}
Comparable $40 increases were also announced by Nucor, U.S. Steel, NLMK, California Steel Industries and USS-POSCO. The mills hope to stop, if not reverse, the downtrend in steel prices that began last summer. The benchmark price for hot rolled steel has declined by more than 25 percent since July 2018.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products
US HR prices surge above offshore tags
Hot-rolled (HR) coil prices leaped in the US this week, while tags abroad saw more measured gains. The result: US hot band prices have become even more expensive than imports on a landed basis. In fact, the premium US HR prices carry over HR prices abroad now stands at a 12-month high.
US rig counts inch up again, Canadian activity slips
The latest oil and gas rig count in the US increased slightly from last week, while Canadian activity edged lower, according to Baker Hughes.
SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]
CRU: Rising protectionism impacts global steel trade
US sheet prices surge following tariff announcement
SMU Community Chat replay now available
The latest SMU Community Chat webinar reply is now available on our website to all members. After logging in at steelmarketupdate.com, visit the community tab and look under the “previous webinars” section of the dropdown menu. All past Community Chat webinars are also available under that selection. If you need help accessing the webinar replay, or if your company […]