Steel Products Prices North America
January 9, 2020
Mills Raise Flat Rolled by Another $40 Per Ton
Written by Tim Triplett
As widely expected, Nucor was the first to announce another $40 increase in flat rolled steel prices Wednesday, followed closely by ArcelorMittal USA, NLMK USA, California Steel Industries, USS-POSCO Industries and Algoma Steel. This represents the fifth round of price hikes by the major mills since late October totaling around $190 per ton.
In a letter dated Jan. 8, Nucor’s Sheet Mill Group notified customers that the base price for new spot orders of hot rolled, cold rolled and galvanized steel will increase by $40 per ton, effective immediately. Nucor had previously announced flat rolled increases of $40 on Oct. 25, $40 on Nov. 7, $30 on Nov. 25 and $40 on Dec. 16, which were matched by most mills.
