Mills boost published flat-rolled steel prices
Feb 27, 2013 | 05:04 PM
| 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.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.