Steel Products Prices North America
January 10, 2016
Partial Price Increases Taking Hold
Written by John Packard
Last week Steel Market Update conducted our early January 2016 flat rolled steel market analysis. Our Premium level customers got access to the results of our queries in the form of a Power Point presentation which puts the results into a historical context.
One of the unique line of questions asked were related to the early December 2015 price increase announcements and if the domestic mills have been able to collect some, all or none of the announced pricing. In early December most mills increased their prices by a minimum of $40 per ton with one (AK Steel) putting specific base prices out there with hot rolled at $420 per ton (+$60 over the SMU average low at the time) or $21.00/cwt base and cold rolled at $540 per ton ($27.00/cwt base) and galvanized at $550 per ton ($27.50/cwt base).
