Thompson Fabricating Incorporated
Steel Fabricators For the Waste Industry

STEEL PRICES INCREASING

As stated I stated in  the Sept. 2 blog Steel Pricing Futures, I haven’t seen steel prices this low since 2009, but as of Wed. Dec. 9, 2015 two domestic mills made prices moves on flat rolled products.

NLMK was 1st to announce that spot prices out of their mills will increase by $40.00 per ton effective immediately, but will not impact contract order.

AK Steel announced through a press release on Wednesday that Minimum base prices for new order of Hot Rolled Coil will be $420 per ton, and since sources have stated that AK Steel was no participating in the sub- $400 market the increase could be considered minimal at $20.00 a ton.

I believe these prices will stick and that we will continue to see the steel market prices increase over the 1st quarter of 2016.