Steel Products Prices North America
March 22, 2016
Foreign Prices & Lack of Supply are Supporting Higher Flat Rolled Pricing
Written by John Packard
AK Steel followed the rest of the steel mills as they announced a $30 per ton price increase just 17 days after announcing their last flat rolled increase. This is the third price increase out of AK Steel so far this year. With the latest round of increases, AK Steel minimum base price levels are: hot rolled = $25.50/cwt ($510 per ton), cold rolled = $31.50/cwt ($630 per ton) and galvanized = $32.00/cwt ($640 per ton base plus extras).
Even with their announcement, AK Steel customers are advising Steel Market Update that there is little to no spot tonnage available. We heard from a manufacturing company today who told us, “The domestic boys seem to be pretty independent these days. AK, who we have historically bought from is not interested in spot buys at all.”
