WCI Steel wants $1,000 for June hot-rolled sheet
Steelmaker raises the June price for flat-rolled steel products.
By Tom Stundza -- Purchasing, 4/11/2008 1:59:00 PM
WCI Steel has raised the June base price of flat-rolled steel products according to an announcement on its web site. This is an unusual move for the Warren, Ohio-based steelmaker, which is more of a player in the longer-term contract market and typically doesn’t announce spot pricing. The firm wants $1,000/ton on deliveries of hot-rolled sheet in June; $1,100 for cold-rolled sheet and $1,120 for hot-dipped galvanized sheet. Earlier this week, Nucor of Charlotte and AK Steel of West Chester, Ohio, made cost-surcharge adjustments that essentially put their June hot-rolled sheet prices at $1,000. Their steel price hike announcements cited “unprecedented growth in scrap and other input costs” as the key drivers behind the increases.
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