Flat Roll Mills Seek New Price in New Year

Nucor led the charge of the East Coast flat rolled steel mills in an effort to keep prices moving higher. On Wednesday, Nucor, followed by U.S. Steel, put out announcements advising customers of their intention to raise spot flat rolled prices by $40 per ton. Soon after, NLMK USA and AK Steel followed Nucor’s lead and took their hot rolled, cold rolled and coated steel prices up by the same $40 per ton. 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.”