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| NLMK USA Flat Steel |
Strong Demand Drives NLMK USA Steel Price Increase
NLMK USA raised hot-rolled (HRC) and cold-rolled (CRC) steel prices by $50 per short ton. This price adjustment reflects strong demand, high order volumes, and extended lead times through January. Meanwhile, galvanized and coated products remain at least $150/t above base HRC prices. Notably, this is the second increase within three weeks, following the October 24 hike. Consequently, US flat steel markets show signs of sustained activity.
Market Trends and Regional Comparisons
Other steelmakers, including Nucor, mirrored this price trajectory by raising HRC spot prices multiple times. According to Kallanish, US HRC spot prices reached $830–865 per short ton by mid-November, while CRC prices stabilized at $1030–1080 per short ton. In contrast, European HRC prices increased due to anticipated trade protection, whereas China lowered prices amid inventory surpluses and industrial uncertainty. Therefore, NLMK USA’s move aligns with broader North American market recovery.
Implications for Supply Chains and Industrial Demand
The NLMK USA steel price increase impacts downstream industries, particularly automotive, construction, and machinery sectors. Extended lead times may cause procurement adjustments and cost recalculations. However, strong order volumes indicate industrial confidence despite global price divergences. As a result, stakeholders should monitor US HRC and CRC price trends closely for strategic planning.
ScrapInsight Commentary
NLMK USA’s repeated price hikes suggest a robust US flat steel market, reflecting strong industrial demand. Lead time extensions could pressure downstream costs, while global divergence highlights strategic sourcing challenges. Monitoring these dynamics is critical for recycling and steel trading strategies.
