Steel Products Prices North America
February 27, 2018
CSI Surprises Market with a $120 Price Hike
Written by Tim Triplett
California Steel Industries (CSI) surprised customers with a whopping $120 per ton price increase on all its flat rolled products on Monday, the same day that its main West Coast competitor USS-POSCO (UPI) informed customers that its April order book is now closed.
In its Feb. 26 letter to customers, CSI announced that it’s April order book is now open. “Due to changing market conditions, CSI is increasing transaction prices, effective immediately, by a minimum of $120 per ton on hot rolled, hot rolled pickled and oiled, cold rolled and galvanized. All pricing is subject to slab availability and mill capacity. Due to the limited availability, your regional sales manager will provide you with available tonnage in addition to your detailed pricing,” the letter stated.
