Steel Products Prices North America
April 17, 2016
Price Announcements Put Spot Numbers in Clearer Focus
Written by John Packard
On Friday, US Steel announced a $60 per ton flat rolled steel price increase. This was the first US Steel announcement done in public in some time. The increase came in the form of a letter emailed to their customers. U.S. Steel did not provide minimum base price guidelines in their announcement although minimum price guidelines were sent to each customer under separate cover.
On Thursday of this past week, ArcelorMittal advised their customers that their “minimum” spot pricing on hot rolled product was $520 per ton ($26.00/cwt). In the email send to customers they also advised the minimum base price levels for cold rolled and coated steels would be $700 per ton ($35.00/cwt).
