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 9:59:00 AM

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.

Average Rating:

(0)

Rate this:

Talkback

We would love your feedback!

»MORE

Featured Company

Zycus

Zycus provides global spend management solutions to more than 150 leading Fortune 1000 customers that consider spend management software, processes and technology strategic to their competitive advantage. Zycus Spend Management solutions automate... more
EMC

EMC Corporation is the world's leading developer and provider of information infrastructure technology and solutions for industries worldwide. EMC creates complete information environments that are reliable, efficient, and secure. The result is... more
Getty Images

Getty Images is the world's leading creator and distributor of still imagery, footage and multi-media products, as well as a recognized provider of other forms of premium digital content, including music. Getty Images serves business customers in... more
Aravo

Founded in 2000, Aravo reduces the cost of managing supplier information by up to 72%, according to leading analyst firm AMR. From supplier management to risk management to supply chain sustainability, Aravo's Application Suite solves today's most... more
PartMiner WorldWide

PartMiner WorldWide is uniquely positioned to provide an objective, global perspective of the electronic components marketplace. We maintain vast amounts of technical information and gather transactional market intelligence throughout the world... more