Steel Products
NLMK USA is Latest to Raise Steel Price by $40
Written by Tim Triplett
July 24, 2019
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.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products
Rig count update: US activity stable, Canada slips
The number of oil and gas rigs operating in the US remained unchanged this week for the second consecutive week, while Canadian activity declined, according to the latest data released from Baker Hughes.
SMU 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 […]
Domestic, offshore CRC prices steady
The price spread between US-produced cold-rolled (CR) coil and offshore products on a landed basis was unchanged in the week ended Dec. 20.
SMU Survey: Mill lead times contract slightly, remain short
Steel mill production times have seen very little change since September, according to buyers participating in our latest market survey.
Worthington Enterprises’ earnings dip in fiscal Q2’25
Worthington Enterprises' profits edged down in its fiscal second quarter of 205 vs. a year earlier. The company said a slump in sales in the quarter was due largely to the "deconsolidation" of the Sustainable Energy Solutions segment in the fourth quarter of fiscal 2024.