Last week, US domestic flat rolled steel mills announced they would be raising prices on all US domestic flat rolled steel products by $1.50 cwt. ($33/mt or $30/nt), effective with all new orders.
The announcement, which had been rumored would be sent out to customers before the Thanksgiving holiday, did not come as a surprise, sources say. However, many feel the price increase was premature, due to short lead times and current market demand, which is weaker-than-desired due to year-end factors.
At current, spot market prices are unchanged since our last report a week ago, as many within the US domestic steel industry have taken the week off in advance of the Thanksgiving Day holiday.
| Cwt. | Metric Ton (mt) | Net ton (nt) | Change from last week | |
| US domestic HDG base price | $37-$38 | $816-$838 | $740-$760 | neutral |
| 0.012”x40.875” G30 | ||||
| ex-Midwest mill | $46-$48 | $1014-$1058 | $920-$960 | neutral |
| 0.019”x48” G90 | ||||
| ex-Midwest mill | $47-$49 | $1036-$1080 | $940-$980 | neutral |
| US domestic Galvalume base price | ||||
| ex-Midwest mill | $37-$38 | $816-$838 | $740-$760 | neutral |
| 0.019x41.5625 Gr80/AZ55 | ||||
| ex-Midwest mill | $46-$48 | $1014-$1058 | $920-$960 | neutral |