Steelmakers boost sheet prices amid supply fears

Apr 04, 2014 | 05:30 PM | Catherine Ngai

Tags  steel sheet, steel sheet prices, Nucor, NLMK USA, hot-rolled, cold-rolled, galvanized, Great Lakes Works Gary Works

NEW YORK — At least three U.S. steelmakers have officially published higher prices due to a number of recent disruptions on the supply side as some in the market expressed concern over an increasingly "tight" marketplace.

Nucor Corp. was the first to increase prices on its steel sheet products. Hot-rolled coil was set at $34.25 per hundredweight ($685 per ton) and cold-rolled and galvanized products at $40.75 per cwt ($815 per ton), effective immediately, the Charlotte, N.C.-based steelmaker said in an April 4 letter to customers (, April 4).

The prices are $1.25-per-cwt ($25-per-ton) higher than previously announced prices of $33 per cwt ($660 per ton) for hot-rolled coil and $39.50 per cwt ($790 per ton) for cold-rolled and galvanized products (, March 17). ....

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