More domestic steel mills back flat-rolled hike

Jan 23, 2013 | 06:05 PM | Catherine Ngai

Tags  ArcelorMittal, steel price, price increase, AK Steel, U.S. Steel, catherine ngai

NEW YORK — A number of major steelmakers have thrown their weight behind a carbon flat-rolled price increase as they look to reverse weeks of softening tags.

ArcelorMittal USA Inc. said it will raise minimum base prices for all carbon flat-rolled steel products effective immediately as it looks to restore "a fair value for (its) products and services," according to a letter sent to customers.

The Chicago-based steelmaker said its new base price for hot-rolled steel is $650 per ton ($32.50 per hundredweight), its new cold-rolled price is $750 per ton ($37.50 per cwt) and its new hot-dipped galvanized price is $760 per ton ($38 per cwt). The new minimum prices are in effect until Feb. 6, ArcelorMittal said in the letter.....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results