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Severstal boosts sheet product prices

Keywords: Tags  Severstal North America, base prices, hot-rolled sheet, cold-rolled coil, galvanized sheet, steel prices, Catherine Ngai

NEW YORK — Severstal North America Inc. has raised base prices on its steel sheet products effective immediately, the company said in a July 23 letter to customers.

Hot-rolled coil prices were set at $33.75 per hundredweight ($675 per ton), and cold-rolled coil and hot-dipped galvanized at $38.75 per cwt ($775 per ton).

The Dearborn, Mich., company also set higher quarterly and six-month buying prices as part of its firm pricing option, with another $1 per cwt for the August-to-October period and another $2 per cwt for the August-to-January period.

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