Steel Products
October 25, 2019
Nucor, U.S. Steel Seek $40 Increase for Flat Rolled
Written by Tim Triplett
Nucor and U.S. Steel raised prices on their flat rolled products by $40 per ton ($2/cwt) today, following on similar announcements by ArcelorMittal and NLMK USA yesterday. The mills are hoping to reverse the slide that has taken the benchmark price of hot rolled steel from more than $700 per ton to less than $500 per ton since the beginning of the year.
Nucor’s Sheet Mill Group informed customers Friday that the base price of its hot rolled, cold rolled and galvanized products would increase by $40 per ton, effective immediately.
