NEW YORK At least three more steel mills have raised base prices on flat-rolled sheet products.
West Chester, Ohio-based AK Steel Corp. announced spot market base price increases for all its carbon flat-rolled steel products effective immediately, the company said Oct. 1. The steelmaker set minimum base prices of $680 per ton ($34 per hundredweight) for hot-rolled coil, $790 per ton ($39.50 per cwt) for cold-rolled and $810 per ton ($40.50 per cwt) for hot-dipped galvanized.
Pittsburgh-based U.S. Steel Corp. and Dearborn, Mich.-based Severstal North America LLC independently issued new minimum base prices of $680 per ton ($34 per cwt) for hot-rolled coil and $790 per ton ($39.50 per cwt) for cold-rolled and coated sheet products, according to Oct. 1 letters to customers.
The moves came one day after Portage, Ind.-based NLMK USA and Chicago-based ArcelorMittal USA LLC kicked off a fresh round of steel sheet price hikes, although at different minimum base prices (amm.com, Sept. 30).
Other mills were said to be mulling similar moves.