Severstal NA sets new base prices, follows move away from CRU discounts

Apr 18, 2013 | 09:25 AM | Catherine Ngai

Tags  CRU, discounted index price, Severstal, ArcelorMittal, flat-rolled steel, hot-rolled sheet, cold-rolled sheet, hot-dipped galvanized Tom Marchak

NEW YORK — Severstal North America Inc. has set new minimum base prices for its flat-rolled steel products and vowed to halt selling against a discounted CRU index price, according to an April 17 letter to customers.

The company’s new price for hot-rolled coil will be $32 per hundredweight ($640 per ton), while cold-rolled and hot-dipped galvanized sheet will be priced at $37 per cwt ($740 per ton) effective April 22, the Dearborn, Mich.-based steelmaker said.....

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