CSI moves to boost flat-rolled prices

Mar 01, 2013 | 04:45 PM | Frank Haflich

Tags  hot-rolled steel, cold-rolled steel, galvanized steel, West Coast, California Steel Industries, CSI, USS-Posco, Frank Haflich

LOS ANGELES — An increase in West Coast flat-rolled steel prices appears more and more likely, although plenty of skeptics remain unconvinced of the possibility.

Fontana, Calif.-based California Steel Industries Inc. (CSI) told customers this past week that it was boosting prices by $30 per ton on hot-rolled and hot-rolled pickled and oiled sheet and $50 per ton on cold-rolled and galvanized sheet, effective Feb. 28, according to market sources.

While Pittsburg, Calif.-based USS-Posco Industries Inc. hadn’t announced its own increase by March 1, most buyers expect CSI’s chief rival to follow the increases.....

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