Steel Products Prices North America

CSI Raises Flat Rolled by Another $50-70 Per ton

Written by Tim Triplett

November 17, 2020

California Steel Industries notified customers on Monday that its February order book is now open and it is increasing transaction prices on its flat rolled products.

CSI increased pricing on spot orders of hot rolled and P&O by $50 per ton, and on orders for cold rolled and galvanized by $70 per ton, effective immediately.  All 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 is the fourth increase by CSI on flat rolled since late August as the economy and steel demand have recovered from the pandemic. This week’s announcement was preceded by increases of $90-100 per ton on Nov. 2, $60-70 per ton on Sept. 21, and $50-60 per ton on Aug. 26. Steel Market Update’s check of the market this week puts the benchmark price for hot rolled steel at $730 per ton.

Tim Triplett

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