NEW YORK Nucor Corp.,
NLMK USA Inc. and Severstal North America Inc. have joined a
price hike on flat-rolled steel.
Charlotte, N.C.-based Nucor and
NLMK USA, Portage, Ind., have increased flat-rolled steel
product prices by a minimum of $50 per ton ($2.50 per
hundredweight), effective immediately.
The increase in base prices by
Nucors sheet mill group applies to hot-rolled,
cold-rolled and galvanized products, and the hike by NLMK USA
is on all products, the companies said in Jan. 24 letters to
Dearborn, Mich.-based Severstal
also told customers on Jan. 24 that it is setting minimum
published base prices for hot-rolled coil at $650 per ton
($32.50 per cwt), cold-rolled at $750 per ton ($37.50 per cwt)
and galvanized products at $760 per ton ($38 per cwt) "for all
orders not yet acknowledged or confirmed."
The moves follow similar carbon flat-rolled product
increases by other steelmakers on Jan. 21 (
amm.com, Jan. 22) and Jan. 23 (
amm.com, Jan. 23).