NLMK USA, ArcelorMittal hike sheet prices

Sep 30, 2013 | 12:42 PM | Catherine Ngai

Tags  steel, NLMK USA, ArcelorMittal, hot-rolled, cold-rolled, specialty 1050, steel price increase, catherine ngai

NEW YORK — NLMK USA and ArcelorMittal USA LLC have kicked off a fresh round of steel sheet price hikes effective immediately, a move that buyers say has a strong chance of taking off if other mills get on board.

NLMK set its minimum base price for hot-rolled coil at $33.50 per hundredweight ($670 per ton), cold-rolled coil and coated material at $38.50 per cwt ($770 per ton) and specialty 1050 material at $48 per cwt ($960 per ton), the Portage, Ind.-based steelmaker said in a Sept. 30 letter to customers.....

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