Steel sheet increases said boosting market

Oct 03, 2013 | 11:58 AM | Catherine Ngai

Tags  steel, Nucor, hot-rolled, cold-rolled, price hike, NLMK USA, ArcelorMittal USA, AK Steel Severstal North America

NEW YORK — Nucor Corp. became the latest steelmaker to increase its base prices on sheet products as an increasing number of market participants seem convinced the recent rise in prices may hold some strength.

The Charlotte, N.C.-based steelmaker set prices at $34 per hundredweight ($680 per ton) for hot-rolled coil and $39.50 per cwt ($790 per ton) for cold-rolled and galvanized, it said in an Oct. 3 letter to customers.

The move came after Portage, Ind.-based NLMK USA and Chicago-based ArcelorMittal USA LLC kicked off a fresh round of steel sheet price increases earlier this week (, Sept. 30), which were followed by West Chester, Ohio-based AK Steel Corp., Dearborn, Mich.-based Severstal North America LLC and Pittsburgh-based U.S. Steel Corp. (, Oct. 1).....

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