New Report Preview:
AK Steel announced a $30/ton sheet price increase today on the heels of Nucor’s leading $20/ton hike yesterday. The higher price is most probably reflective of a surge in orders …more
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New Report Preview:
Quick on the heels of AK Steel’s hike on Monday, trade press has reported that Nucor has followed with a $50/ton sheet price increase of its own. We are surprised at the …more
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New Report Preview:
Following US Steel’s leading $40/ton sheet price hike yesterday, Nucor, ArcelorMittal, AKSteel, Severstal and NLMK have now announced matching price increases, with Severstal’s HRC list price set at $620/ton, a 7% increase. An additional five sheet producers raising prices cements the credibility of US Steel’s initial move and we expect any mill yet to follow to do so in quick order…more
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