Steel Products Prices North America
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SMU Community Chat to Feature Energy Market Expert
Written by John Packard
March 2, 2021
Preston Pipe Partner Rick Preckel will be the speaker at Steel Market Update’s next Community Chat webinar.
The webinar will be held tomorrow, Wednesday, March 3, at 11 a.m. ET and is free to those looking to learn more about the interplay between the steel and energy markets.
Joining Rick will be SMU Senior Editor Michael Cowden. Rick and Michael will discuss the rebound in oil prices and what a reinvigorated energy sector might mean for steel demand.
You can register for next week’s webinar by clicking here or by going to www.SteelMarketUpdate.com/blog/smu-community-chat-webinars.
About Rick Preckel and Preston Pipe
Preston Pipe is a consulting, market research, and reporting firm that specializes in steel pipe and tube data, analysis, and related services. It was founded in 1982.
Preckel has been in the steel industry since 1985, when he started his career at Maverick Tube. He held increasingly senior roles at the pipe and tube producer, including vice president of strategic services and president and CEO of Prudential Steel, a Maverick Tube subsidiary. He, along with another steel veteran, Paul Vivian, purchased Preston Pipe in 2006.
Preckel is a graduate of the University of Missouri-St. Louis, where he received a bachelor of science in business administration.
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John Packard
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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.
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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 […]
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ArcelorMittal Dofasco increases spot sheet prices
ArcelorMittal Dofasco is raising spot sheet prices by CA$100 per ton (US$70/ton). The Hamilton, Ontario-based flat rolled steelmaker told customers the increase is effective immediately for all new orders. It did not specify to what level this brings its base prices but noted its right to re-quote previous but unconfirmed orders. “We will continue to […]
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Nucor raises HR spot price to $775/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $775 per short ton (st) on Monday, Feb. 3. The $15/st week-on-week (w/w) rise marks the first back-to-back increases in the steelmaker’s weekly CSP since last August, according to SMU’s mill price announcement calendar. Nucor’s joint-venture subsidiary California Steel Industries (CSI) is also up […]
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Nucor raises HR spot price to $760/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $760 per short ton (st) on Monday, Jan. 21. The $10/st week-on-week (w/w) rise marks the first increase in the CSP since Nov. 12. According to SMU’s mill price announcement calendar, the Charlotte, N.C.-based steelmaker held the weekly price at $750/st for 11 […]