Severstal North America Inc. and AK Steel Corp. have separately
increased minimum base prices on flat-rolled steel sheet
Severstal set hot-rolled coil prices at $35 per hundredweight
($700 per ton), while cold-rolled and hot-dipped galvanized
coil were set at $40.50 per cwt ($810 per ton) effective 8 a.m.
Central time Nov. 11, it said in a Nov. 7 letter to
The increase was due
to raw material input cost pressures, capacity restrictions and
a better order book, the company said, adding that it remains
"watchful of market conditions and may announce further price
modifications in the near future."
AK Steel Corp.
increased its spot market base prices for all carbon
flat-rolled products by $30 per ton effective immediately, the
West Chester, Ohio-based company said.
The moves comes on the
heels of market speculation that steelmakers were planning to
launch a new round of increases (
amm.com, Nov. 6).
Inc., Pittsburg, Calif., and California Steel Industries Inc.,
Fontana, Calif., raised sheet prices by $40 to $60 per ton ($2
to $3 per cwt) effective Nov. 4 (
amm.com, Nov. 4).