Final Thoughts
May 20, 2020
Final Thoughts
Written by John Packard
U.S. Steel, AK Steel (Cleveland-Cliffs), Nucor, NLMK, ArcelorMittal and UPI all announced price increases today on flat rolled. With the exception of AMUSA, all were +$40/ton. AMUSA provided specific minimum base price guidance of $540 ($27.00.cwt) on hot rolled and $740 ($37.00/cwt) on cold rolled and coated products.
Some early comments from various steel service centers regarding the flat rolled price increase by the domestic mills this morning:
