Steel Products Prices North America
March 18, 2014
ArcelorMittal Announces Price Increase- USS, NLMK, Severstal Follow
Written by Brett Linton
In an email sent late in the afternoon on Monday, March 17th, ArcelorMittal USA announced a price increase on all of their new flat rolled orders, with specific base prices at $33.00 for hot rolled, $39.50 for cold rolled, and $39.50 for galvanized. The mill justified their increase by stating “Despite the recent drop in scrap prices, energy and transportation costs have skyrocketed and offset any cost benefit in our operations that may be incorrectly perceived.”
Early Tuesday, two other steel mills followed the lead of ArcelorMittal by raising their prices, NLMK USA and US Steel. The new base prices out of NLMK were the same as those from ArcelorMittal, while the US Steel announcement stated a $40 per ton increase on spot orders rather than stating a firm base price.
