Steel Market Intelligence » AK steel https://www.michelleapplebaum.com/blog Analytical Steel Industry Expertise Wed, 09 Apr 2014 19:25:37 +0000 en-US hourly 1 AK Steel Raises Sheet Prices $30 Following Nucor’s Hike https://www.michelleapplebaum.com/blog/?p=2877 https://www.michelleapplebaum.com/blog/?p=2877#comments Fri, 07 Dec 2012 21:38:03 +0000 http://www.michelleapplebaum.com/blog/?p=2877 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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]]> https://www.michelleapplebaum.com/blog/?feed=rss2&p=2877 0 Nucor Quick to Follow AK Steel’s Sheet Hike https://www.michelleapplebaum.com/blog/?p=2705 https://www.michelleapplebaum.com/blog/?p=2705#comments Wed, 07 Nov 2012 15:30:28 +0000 http://www.michelleapplebaum.com/blog/?p=2705 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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]]> https://www.michelleapplebaum.com/blog/?feed=rss2&p=2705 0 AK Steel Trying to Lead with Another Sheet Price Hike https://www.michelleapplebaum.com/blog/?p=2688 https://www.michelleapplebaum.com/blog/?p=2688#comments Mon, 05 Nov 2012 23:39:45 +0000 http://www.michelleapplebaum.com/blog/?p=2688 Less than three weeks after US Steel led with a $40/ton sheet hike, AK Steel announced a second sheet price increase of $50/ton effective immediately today, bringing the total to $90/ton.

SBB’s domestic HRC price assessment had remained stable the past two weeks after jumping $25/ton (or 4.3%) less than a week after US Steel’s initial hike, and we believe this increase is an attempt to get the market to fully absorb the first $40/ton hike.

Scrap Will Help. Strengthening scrap will likely support the increase, as there are increasing reports of scrap purchases up as much as $45-55/ton. We believe other sheet mills are likely to follow, although we suspect mini-mills will wait for Chicago scrap prices to settle before announcing increases of their own.

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