Steel Products
January 22, 2019
CSI, UPI Announce $40 Price Hike on Flat-Rolled Steel
Written by Tim Triplett
California Steel Industries (CSI) and USS-POSCO Industries (UPI) announced price increases of $40 per ton on Monday, hoping to stem the slide in flat-rolled steel prices that began last summer. The announcements do not include plate.
In its Jan. 21 letter to customers, CSI stated that it is opening its order book for flat-rolled orders placed for shipment in March. Additionally, the West Coast re-roller said it was increasing transaction prices, effective immediately, by a minimum of $40 per ton on hot rolled, P&O, cold rolled and galvanized products. All pricing is subject to slab availability and mill capacity.
