Nucor Sheet Mill Group and NLMK USA have announced they will be raising prices for hot rolled coil (
HRC), cold rolled coil (
CRC) and hot dipped
galvanized coil (HDG) by a minimum of $1.50 cwt. ($33/mt or $30/nt) effective immediately.
The mills did not set forth a new, specified minimum base price for flat rolled steel products.
Prior to the price increase announcement, ex-mill
flats pricing was as follows:
HRC: $31.00-$32.50 cwt. ($683-$717/mt or $620-$650/nt)
CRC: $41.00-$42.50 cwt. ($904-$937/mt or $820-$850/nt)
base-price HDG: $40.50-$42.50 cwt. ($893-$937/mt or $810-$850/nt)