Steel Products
December 9, 2017
Mills Raise Flat Rolled Steel Prices by $30
Written by Tim Triplett
ArcelorMittal, California Steel Industries, NLMK USA and U.S. Steel all announced $30 per ton price increases on Friday. Their announcements follow on a similar hike by Nucor earlier this week.
In a letter to customers, U.S. Steel’s North American Flat-Rolled Sales Organization stated that, effective immediately, it was increasing base pricing for all new flat-rolled spot orders by a minimum of $30 per net ton. The increase is also applicable to all open quotations or negotiations where an agreement is yet to be concluded. Pricing extras will continue to be fully applied.
