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.