Strong Demand Drives NLMK USA Steel Price Increase
NLMK USA announced a $50 per short ton increase in hot-rolled (HRC) and cold-rolled (CRC) steel prices. The adjustment takes effect immediately, with order fulfillment now scheduled for January. The price hike reflects strong market demand, active customer orders, and extended production schedules.
The company also confirmed that galvanized and coated steel products remain at least $150/t above HRC base prices. This marks the second increase in under three weeks. The previous $50/t adjustment occurred on October 24, reflecting sustained market momentum.
US Flat Steel Market Trends and Regional Comparisons
Other steel producers are following similar patterns. Nucor, for instance, raised weekly HRC spot prices three consecutive times, signaling recovery in the US flat steel sector. Spot HRC prices recently reached $830-865 per short ton, while CRC prices stabilized at $1030-1080 per short ton.
Globally, market dynamics differ. European HRC prices rose due to anticipated trade protection measures, while China lowered steel prices amid oversupply and industry uncertainty. The US market now shows higher domestic activity and price resilience, driven by long lead times and steady demand.
SuperMetalPrice Commentary:
NLMK USA’s latest price increase reflects a broader US flat steel recovery. Supply chain constraints and strong orders are likely to sustain elevated pricing. Investors and buyers should monitor HRC and CRC trends closely, as rising prices may influence project costs and procurement strategies throughout 2025.
Leave a Reply
You must be logged in to post a comment.