NEW YORK At least two
more mills have set new minimum base prices for flat-rolled
steel products, according to letters sent to customers.
Portage, Ind.-based NLMK
USAs new hot-rolled coil price is $30.50 per
hundredweight ($610 per ton), while its new price for
cold-rolled and coated sheet products is $35.50 per cwt ($710
per ton) effective immediately, according to a May 23 letter to
Charlotte, N.C.-based Nucor
Corp. also set a price of $30.50 per cwt for hot-rolled coil
and $35.50 per cwt for cold-rolled and galvanized products
effective immediately, according to a letter dated May 24.
The announcements come after Pittsburgh-based U.S. Steel
Corp.s leading move this past week to boost spot prices
on all flat-rolled products by a minimum of $50 per ton, which
was followed by a number of competitors (
amm.com, May 23).