Steel Products
November 24, 2019
Steel Mills Call for Third Increase in Flat Rolled Prices
Written by Tim Triplett
U.S. Steel and ArcelorMittal USA raised flat rolled by an additional $30 per ton ($1.50/cwt) on Friday as the mills seek to maintain the upward momentum on steel prices. Other mills are likely to follow suit. The latest announcements follow on two earlier increases of $40 per ton in late October and early November.
U.S. Steel informed its North American Flat-Rolled Sales Organization in Friday, Nov. 22, that it is raising base pricing on new spot orders of all flat rolled products by a minimum of $30 per net ton, effective immediately. Pricing extras continue to be fully applied.
