SMU Data and Models
January 17, 2023
Cliffs Hiking HR, CR, and Coated Spot Prices $50 Per Ton
Cleveland-Cliffs said it is raising current spot market base prices for all carbon hot-rolled, cold-rolled, and coated steel products by a minimum of $50 per net ton ($2.50 per cwt), effective immediately with all new orders.
The Cleveland-based steelmaker said it had seen increases in both pricing and volume from its automotive steel business since the beginning of the year. This has reduced material available to be sold on a spot basis, the company said in a press release on Tuesday, Jan. 17.
