Steel Prices

AM/NS Calvert seeks $800/ton HR, $1,050/ton CR, and $1000/ton coated
Written by Michael Cowden
February 6, 2025
ArcelorMittal is targeting a minimum base price of $800 per short ton (st) for hot-rolled coil.
The steelmaker is also seeking $1,050/st for cold-rolled product and a $1,000/st base price for coated material, according to a letter to customers dated Wednesday.
“The increase is applicable to all new spot orders and all recent quotations that have not yet been accepted by AMUS—AM/NS Calvert. We reserve the right to modify any outstanding quotations,” the company said in the letter.
Recall that AM/NS Calvert is a joint-venture sheet mill between Luxembourg-based ArcelorMittal and Japan’s Nippon Steel. It is located in Calvert, Ala.
The company in addition said in the letter that it was accepting March contract orders for HR and April orders for tandem products.
ArcelorMittal also announced a hefty price hike at ArcelorMittal Dofasco, its sheet mill in Hamilton, Ontario.
The target prices at Calvert are well above where SMU assessed spot prices earlier this week. We’re at $725/st on average for HR, $950/st on average for CR, and $910 on average for galvanized base. We’ll next update prices on Tuesday.

Michael Cowden
Read more from Michael CowdenLatest in Steel Prices

SMU price ranges: Sheet and plate edge lower on tariff uncertainty
This week is the first time all of our indices have moved lower in unison since July 2024.

Trump’s tariffs could have unforeseen impacts on ferrous raw materials
The imposition of reciprocal tariffs by President Trump as explained on Wednesday afternoon has rattled virtually every market. This policy has some advantages for the steelmaking sector, but there may be some disadvantages that were not considered, especially for the EAF producers of flat-rolled.

Nucor’s weekly spot HR price unchanged, again
Nucor’s consumer spot price (CSP) for hot-rolled (HR) coil remains unchanged again this week. The pause over the past two weeks stands in contrast to the nine-week rally that saw the company increase prices regularly by double-digits. The Charlotte, N.C.-based steelmaker told customers on Monday that this week’s consumer spot price (CSP) for HR coil […]

Market pressures trigger HR futures reversal
Market dynamics are shifting rapidly, with futures pricing diverging from physical fundamentals, creating a complex landscape for steel traders.

SMU price ranges: Tags mixed as market seeks tariff clarity ahead of ‘Liberation Day’
Sheet and plate prices were mixed on Tuesday as the market took a wait-and-see approach to the Trump administration’s “Liberation Day” tariffs.