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