Majestic Steel USA Inc. has raised its prices effective
immediately due to higher pricing from steelmakers.
"The price change is a
direct result of the increases being passed down from our
suppliers," the Cleveland-based service center said in an Oct.
15 letter to customers. It cited steel mill pricing as high as
$39.50 per hundredweight ($790 per ton) for cold-rolled coil
and $40.50 per cwt ($810 per ton) for hot-dipped
galvanized product that has been attributed to raw material
costs, planned line maintenance and low marketplace
represent the fourth round of steel mill increases since this
markets bottom," according to Majestic Steel.
While Majestic Steel
didnt state a specific value for its increase, it will
vary by product, location, industry and previously quoted
pricing levels, a company source said.
Earlier this month,
steelmakers initiated a fresh round of price hikes that has
gained some traction (
amm.com, Oct. 11).
Majestic Steel distributes a number of coated products,
including galvanized, galvannealed, galvalume, aluminized,
cold-rolled and prepainted material, according to its