NLMK USA today announced that they would be raising base prices for all new spot market business.
The mill will implement a $1.50 cwt. ($33/mt or $30/nt) price increase for
US hot rolled coil (
HRC). Prices for
US cold rolled coil (
CRC) and hot dipped
galvanized (HDG) coil will increase by $2.00 cwt. ($44/mt or $40/nt), effective with all new orders.
Further, NLMK USA has advised customers that all open quotations and unconfirmed orders are subject to review.