Steel Products

NLMK USA is Latest to Raise Steel Price by $40

Written by Tim Triplett


Following the lead of most of the other flat rolled mills, NLMK USA informed customers yesterday that it is raising spot prices on all products by a minimum of $40 per ton.

Nucor, U.S. Steel and USS-POSCO Industries also announced $40 increases this week. ArcelorMittal USA released higher minimum base prices of $630 per ton for hot rolled steel and $800 per ton for cold rolled and coated products.

All told, domestic steelmakers have raised flat rolled prices three times in the past month for a total of $120 per ton.

Steel Market Update data places the current benchmark price of hot rolled steel at an average of $560 per ton, up approximately $40 from the average low a month ago.

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