Steel Products Prices North America
November 26, 2019
Nucor, Algoma Follow with $30 Increase on Flat Rolled
Written by Tim Triplett
Nucor’s Sheet Mill Group and Canada’s Algoma Steel have matched last week’s price increases by U.S. Steel and ArcelorMittal USA. Nucor informed customers on Monday that is has increased based prices on new orders of hot rolled, cold rolled and galvanized steel by a minimum of $30 per ton ($1.50/cwt). LIkewise, Algoma notified its flat rolled customers in the U.S. Monday that it is also raising the spot price of its hot rolled and cold rolled sheet products by $30 per ton, effective immediately.
The latest announcements by the major flat rolled producers follow on two earlier increases of $40 per ton in late October and early November, making for a total of $110 per ton, as the mills seek to maintain their upward momentum in collecting higher steel prices.
