NEW YORK Severstal North America Inc. has increased its
minimum base price for all flat-rolled steel products effective
immediately, sources familiar with the mill confirmed.
The Dearborn, Mich.-based steelmakers new minimum
hot-rolled coil price is $32.50 per hundredweight ($650 per
ton), while its new cold-rolled and galvanized sheet prices are
$38 per cwt ($760 per ton).
The new base prices, announced Feb. 28, come after competitor
mills announced $50-a-ton hikes earlier this week (amm.com,