Steel Products Prices North America
CSI Raises Flat Rolled Price by $40 Per Ton
Written by Tim Triplett
July 14, 2019
California Steel Industries is the latest mill to raise flat rolled steel prices. In a letter to customers on Wednesday, the Fontana, Calif.-based steelmaker said transaction prices for hot rolled, P&O, cold rolled and galvanized steels would increase by $40 per ton ($2/cwt) effective immediately.
CSI’s move follows on similar announcements this week from Nucor, ArcelorMittal, USS-POSCO Industries, U.S. Steel and NLMK USA. The nation’s leading steel producers have announced two price increases in the past two weeks totaling $80 per ton in the hope of turning around a year-long decline in steel prices. The benchmark price of hot rolled steel, currently around $535 per ton, is down 40 percent from its $910 peak this time last year.
CSI is an opponent of the Trump administration’s Section 232 tariffs on steel imports. As a re-roller, CSI does not produce its own steel, but rather relies on semi-finished steel purchased from other mills, many of them in other countries. With an adequate supply of slabs, CSI has the capacity to produce 2 million tons per year of flat-rolled sheet and ERW pipe.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
Nucor slows HRC price climb with $5/ton increase
After eight weeks of double-digit price increases on hot-rolled (HR) coil, Nucor slowed the price rise this week with an increase of $5 per short ton.
Domestic CRC prices surge ahead of imports
The price spread between stateside-produced CR and imports reached its widest margin in over a year.
Evraz raises plate prices $160/ton
Evraz North America (NA) has followed Nucor and SSAB with a plate price increase of its own: up $160 per short ton (st). The increase was effective immediately for all new orders of carbon, high-strength low-alloy, and normalized and quenched-and-tempered plate products, as well as for hot-rolled coil, the steelmaker said in a letter to […]
Nucor lifts HR coil to $820/ton
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil for a fourth consecutive week.
Nucor pushes HR spot price to $790/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $790 per short ton (st) on Monday, Feb. 10 – a $15/st bump vs. last week. The Charlotte, N.C.-based company has raised its weekly CSP by $40/st over the past three weeks after maintaining tags at $750/st since Nov. 12, according to SMU’s […]