Steel Products Prices North America
CSI Raises Flat Rolled Price by $90-100 Per Ton
Written by Tim Triplett
November 3, 2020
California Steel Industries has opened its January order book with a considerable bump in prices. CSI notified customers on Monday that it has increased transaction prices on its flat rolled products by $90-100 per ton.
Effective immediately, unconfirmed orders for hot rolled, P&O and galvanized increase by $90 per ton, while cold rolled prices increase by $100. Pricing is subject to slab availability and mill capacity.
“We express our sincere appreciation for your ongoing support as we all manage our business through the significant swings in economic conditions related to the COVID-19 pandemic,” the company said.
This latest price announcement follows on a $50-60 increase by CSI on Aug. 26 and a $60-70 increase on Sept. 21.
Steel Market Update’s check of the market this week puts the benchmark average for hot rolled steel at $700 per ton. SMU’s Price Momentum Indicator continues to point toward higher flat rolled prices.
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.