Steel Products
CSI Raises Flat Rolled Price by $40 Per Ton
Written by Tim Triplett
February 20, 2019
California Steel Industries (CSI) raised the price of its hot rolled, P&O, cold rolled and galvanized sheet products by $40 per ton ($2/cwt) today. CSI has opened its flat rolled order book for April shipments.
CSI’s change follows on a similar $40 increase it announced on Jan. 21, just one month ago. All pricing is subject to slab availability and mill capacity, the company said.
Nucor and ArcelorMittal also announced price changes today, which suggests that the mills have had some success in collecting last month’s increases and are hoping for more. The price of hot rolled steel has declined by about 25 percent since last summer and the mills have been struggling to reverse the trend. Buyers tell Steel Market Update that current mill offers for hot rolled are typically in the $680-$700 per ton range.
{loadposition reserved_message}
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 […]