Steel Products Prices North America
July 15, 2014
Flat Rolled Steel Prices Moving
Written by John Packard
Severstal NA has been actively informing their customers that they want hot rolled spot base prices to $700 per ton ($35.00/cwt) and cold rolled and coated to $820 per ton ($41.00/cwt). Other mills are mulling a move and we expect price announcements to be imminent. Whether specific base prices are announced or the mills go for something similar to US Steel’s announcement from June 30th (or a combination of both) the handwriting appears to be on the wall that something is coming. The question really is whether the mills will put something in writing or just inform their customers verbally.
U.S. Steel, just prior to the 4th July weekend, announced a flat rolled price increase of $25 per ton. Since then the market had been quietly treading sideways. As the long holiday weekend concluded we started to see firming at the low end of the price range.
