CSI, UPI Announce More Price Increases

West Coast steel mills California Steel Industries (CSI) and USS-POSCO Industries (UPI) announced further flat roll price increases yesterday, Jan. 24.

CSI told customers that due to changing market conditions it is increasing transaction prices by $60 per ton on Hot Rolled and P&O, $40 per ton on Galvanized and $30 per ton on Cold Rolled. The increases are effective immediately on all unconfirmed orders. CSI is now taking orders for shipment in the first two weeks of March.

UPI announced a $60 per ton increase on Hot Rolled P&O and $40 per ton hikes on Cold Rolled and Galvanized, effective immediately. UPI also said it has limited space available to accept March orders.

The latest price moves follow $30 per ton increases announced by the two mills on Jan. 2.

{loadposition reserved_message}