AK, NLMK Join Price Hike Parade

AK Steel and NLMK USA raised spot market base prices on all carbon flat-rolled steel prices by $40 per ton today, matching similar $40 hikes on hot rolled, cold rolled and galvanized steel products yesterday by Nucor and U.S. Steel. All four companies said the increase is effective immediately on new orders and will not affect pricing extras.

NLMK informed customers that the increase is “due to increasing strength in market demand, extended lead times, and rising raw material costs.”