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
SMU Community Chat: Timna Tanners on ‘Trumplications’ for steel in 2025
Wolfe Research's Managing Director Timna Tanners discusses the 'Trumplications' for steel in the coming year in this week's SMU Community Chat.
Nucor raises hot rolled spot price to $750/ton
Nucor raised its weekly consumer spot price (CSP) for HRC this week to $750/short ton.
SMU price ranges: Most sheet and plate products drift lower
Steel sheet prices mostly edged lower for a second week, while plate prices slipped for the third consecutive week.
Nucor drops HRC price to $720/ton
After holding its weekly spot price for hot-rolled (HR) coil steady for three weeks at $730 per short ton (st), Nucor lowered the price this week by $10/st.
SMU price ranges: Sheet slips, plate falls to 45-month low
Steel sheet and plate prices moved lower this week as efforts among some mills to hold the line on tags ran up against continued concerns about demand.