Steel Products Prices North America
July 7, 2015
US Steel Announcement Starts 3rd Round of Flat Rolled Price Increases
Written by John Packard
The domestic steel mills are determined to keep pricing momentum on their side as US Steel became the first mill to announce a new round of price increases on flat rolled products. The US Steel announcement, which was made via the use of an internal memo to their sales group leaked to the industry, advises their customers that base prices are being moved up by a minimum of $40 per ton ($2.00/cwt) on all new spot orders.
The mill advised their salespeople, “Effective immediately, base pricing for all new Flat-rolled products spot orders is increased by $40 per net ton. This increase is also applicable to all open quotations and/or negotiations where an agreement is not yet concluded. Pricing extras, as published on our corporate web site, will continue to be fully applied.
