NLMK, Nucor join sheet price increase

Jul 29, 2013 | 04:16 PM | Catherine Ngai

Tags  NLMK USA, steel sheet, steel prices, hot-rolled band, Severstal North America, AK Steel, U.S. Steel, Catherine Ngai

NEW YORK —NLMK USA and Nucor Corp. have become the latest steelmakers to increase base prices on sheet products as buyers wonder whether the new levels are sustainable in what seems to be the fourth round of industry hikes.

Portage, Ind.-based NLMK USA increased base prices for all steel sheet products by $25 per ton effective immediately on all new spot orders, the company told customers in a July 29 letter. The increase follows similar moves last week by Severstal North America Inc. (, July 23), AK Steel Corp. (, July 25) and U.S. Steel Corp. (, July 26).....

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