Steel Mills
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/a9bd1b27ad1b9200aa2a705155deb316.jpg)
AM/NS Calvert Quietly Increases FR Prices $40/Ton
Written by Michael Cowden
February 17, 2021
AM/NS Calvert has quietly increased prices for new spot orders by $40 per ton ($2/cwt), according to market participants.
The move–which was effective on Feb. 16 but not widely announced–will see base prices for hot-rolled coil increase from $1,160 per ton to $1,200 per ton, sources said.
Base prices for cold-rolled and coated products will increase from $1,320 per ton to $1,360 per ton for coated products, they said.
But there is almost no spot availability for coated products. And that spot shortage is especially severe when it comes to Galvalume and aluminized material, sources said.
The AM/NS Calvert price hike comes after California Steel Industries (CSI) opened its May order book on Feb. 16 and quietly raised prices as well.
AM/NS Calvert is a 50/50 joint venture between ArcelorMittal and Nippon Steel. The mill, located in Alabama, converts slabs and has annual flat-rolled capacity of 5.3 million tons, according to the company’s website.
The facility makes hot-rolled, cold-rolled, and coated products for the appliance, HVAC, construction, distribution, and pipe and tube markets.
Higher prices from some domestic mills come as Steel Market Update’s average flat-rolled steel prices continue to test new highs.
Case in point: SMU’s average hot-rolled coil price now stands at $1,200 per ton, another record high. That price is up 11.1% from $1,080 per ton in mid-January and up 172.7% from a 2020 low of $440 per ton recorded in August.
By Michael Cowden, Michael@SteelMarketUpdate.com
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2024/02/SMU_MC_headshot-150x150.png)
Michael Cowden
Read more from Michael CowdenLatest in Steel Mills
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/stelco.png)
Steel Summit 2024: Stelco CEO reflects on strategy, growth, and sale to Cleveland-Cliffs
In a candid fireside chat with SMU Senior Analyst/Editor David Schollert, Stelco’s CEO Alan Kestenbaum opened up about Stelco’s pending sale to Cliffs, his business strategy, outlook for the industry, and plans for the future. The chat took place on Tuesday, Aug. 24, at the 2024 SMU Steel Summit in Atlanta.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/AISI.png)
AISI: US steel shipments unchanged in July vs. June, down on-year
Domestic steel shipments remained nearly flat in July month over month but fell from a year earlier.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/white_house.png)
Media reports: Biden could block USS sale on national security concerns
President Joe Biden could block the $15-billion sale of U.S. Steel to Japan's Nippon Steel by citing national security concerns That’s according to reporting in the Washington Post and the Financial Times that was later picked up by the New York Times as well as in wire services.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/US_Steel.png)
USS threatens to cut ‘thousands’ of jobs, move HQ if Nippon sale blocked
U.S. Steel could slash thousands of jobs, shift away from integrated steelmaking, and move its headquarters out of Pittsburgh if its acquisition by Nippon Steel isn’t completed, the company’s top executive said. “We want elected leaders and other key decision makers to recognize the benefits of the deal was well as the unavoidable consequences if the deal fails,” company President and CEO David Burritt said in a statement on Wednesday.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/SSAB.png)
CRU: SSAB to expand Mobile plate mill
SSAB plans to spend $12 million to boost production capacity at its electric-arc furnace (EAF) plate mill in Mobile, Ala. The Sweden-based steelmaker will do that by expanding the existing furnace there. Shot blast equipment will also be upgraded. The expanded capacity is expected to come online late next year. The mill currently has an […]