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(AMM) USS, ArcelorMittal said set to hike flat-roll tags

July 01, 2009 - 22:02 GMT Location: PITTSBURGH

U.S. steel producers, emboldened by the success of two previously announced price hikes, are announcing additional increases on carbon flat-rolled products for September shipments, according to market sources.

Several buyer sources said Wednesday they had been informed by U.S. Steel Corp., Pittsburgh, of its intent to increase flat-rolled prices to $500 per ton ($25 per hundredweight) for hot-rolled sheet and $600 per ton ($30 per cwt) for cold-rolled sheet. Its base price for hot-dip galvanized sheet would move up to $620 per ton ($31 per cwt) while Galvalume sheet would go to $640 per ton ($32 per cwt).

Those prices all would be up about $40 per ton ($2 per cwt) from those announced during mill price increases made two weeks ago for August shipments.

Meanwhile, other sources said ArcelorMittal USA Inc., Chicago, also is planning a price increase expected to be announced Monday. ArcelorMittal's increase, they said, would be slightly less than that of...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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Carbon Steel Flat Products

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