Steel Products Prices North America
More Price Hikes from Nucor, U.S. Steel, UPI
Written by Tim Triplett
December 17, 2019
As widely expected, Nucor and U.S. Steel raised their flat rolled prices by $40 per ton on Monday, effective immediately on new spot orders, following on a comparable announcement by ArcelorMittal USA on Friday. NLMK USA is reported to be following suit, but has not issued a written announcement.
USS-POSCO Industries (UPI) raised its base prices for all sheet products, including hot rolled P&O, cold rolled and galvanized, by a minimum of $80 per ton on Monday. On top of the $40 increase the company announced on Oct. 25, that brings UPI roughly in line with its competitors.
The latest announcements—the fourth round of increases in the past two months—total up to $150 per ton ($7.50/cwt). Steel Market Update puts the current average HRC price at $570 per ton($28.50/cwt), up around $100 per ton from the low point in early October.
The mills are hoping the latest price hike will help them maintain the upward momentum. SMU data shows little movement in flat rolled steel spot prices over the past week.
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 […]