Steel Products Prices North America
June 6, 2017
U.S. Steel Mills Raise Spot Flat Rolled $30 Ton
Written by John Packard
All of the major flat rolled steel producers have approached their customers and advised them of their intention to increase hot rolled, cold rolled, galvanized and Galvalume prices by a minimum of $30 per ton. As of this evening (Tuesday, June 6, 2017) we have seen price announcements out of California Steel Industries, USS Posco (UPI), NLMK USA, ArcelorMittal USA, Nucor, AK Steel and US Steel.
On Friday, June 2, 2017 California Steel Industries (CSI) became the first domestic steel mill to announce a $30 per ton price increase on all of their flat rolled steel products (hot rolled, hot rolled pickled & oiled, cold rolled and galvanized). The California Steel Industries announcement was unusual in that the mill opened their order book for the first two weeks of July instead of the full month of July. The announcement then went on to increase transaction prices by $30 per ton.
