Mills boost published flat-rolled steel prices
Feb 27, 2013 | 05:04 PM
| Catherine Ngai
Tags
sheet,
AK Steel,
sheet prices,
U.S. Steel,
steel sheet,
Nucor,
NLMK USA,
ArcelorMittal USA
Catherine Ngai
NEW YORK — At least five domestic steel mills have increased sheet prices as market participants cite steady activity and an anticipated rise in ferrous scrap prices next month.
U.S. Steel Corp. appeared to lead the move, hiking its published base prices for all carbon flat-rolled steel products by $50 per ton ($2.50 per hundredweight) effective immediately, according to an internal memo dated Feb. 26 (amm.com, Feb. 27).
West Chester, Ohio-based AK Steel Corp., Charlotte, N.C.-based Nucor Corp. and Portage, Ind.-based NLMK USA Inc. quickly followed suit, announcing on Feb. 27 their own $50-per-ton base price increases on all new orders.
ArcelorMittal USA LLC was also calling customers to set a new minimum base price for April shipments, sources said.....
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