Canadian steel mills join price hike push
Two Canadian flat steel mills have increased their spot pricing.
Integrated steelmakers ArcelorMittal Dofasco and Stelco both increased prices on Thursday in announcements to customers.
ArcelorMittal Dofasco raised hot-rolled coil (HRC) minimum prices to C$1,100/short ton ($803/st), a similar price to ArcelorMittal's joint venture rerolling mill in Calvert, Alabama and matching US mill's minimum price levels.
Dofasco's took cold rolled coil (CRC) and hot-dipped galvanized (HDG) coil pricing to C$1,440/st, with galvanneal at C$1,450/st and galvalume hitting C$1,480/st.
Stelco raised its spot prices by C$135/st on its flat steel products without setting a minimum price level.
The moves came at the same time as US steelmakers Cleveland-Cliffs and Nucor increased minimum HRC prices to $800/st.
The Argus US HRC Midwest and southern ex-works assessments were at $750/st on 17 October.
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