Steel Products Prices North America
January 8, 2017
AK Steel Raises Spot Prices by $40/Ton
Written by John Packard
On Friday, January 6, 2017, AK Steel became the first U.S. steel mill to increases flat rolled steel spot prices. The mill announced an increase of $40 per ton ($2.00/cwt) effective immediately on all flat rolled, which for them includes hot rolled, cold rolled and galvanized steel products.
This is now the fifth (5th) price increase announcement on flat rolled steel in the current market cycle. AK Steel announced a $30 per ton ($1.50/cwt) price increase on October 24, 2015. Since then, the mill has raised spot transaction prices on flat rolled steel on November 8th by $30 per ton, one week later (November 15th) they took spot prices up by $40 per ton, then on December 1st they raised prices by $40 per ton. Since the first increase announcement made on October 24th, AK Steel has increased steel prices by a minimum of $180 per ton ($9.00/cwt).
