Steel Products Prices North America
June 21, 2016
ArcelorMittal & NLMK USA Price Announcements: Trying to Put a Floor to the Market?
Written by John Packard
Today two mills began advising their customers of their intention to raise flat rolled steel prices. ArcelorMittal USA and NLMK USA both came out with increases. ArcelorMittal provided specific base price “minimums” while NLMK USA advised their customers of a flat $30 per ton increase. If all of the other mills follow, this would be the 6th price increase since early December 2015.
ArcelorMittal USA opened their August order book and provided minimum base price guidance on hot rolled, cold rolled and coated products. In an internal memo to their sales staff leaked to their customers earlier today, AMUSA told their customers steel base prices were moving up by a minimum of $20 per ton and were now:
