<article><p><i>Adds Nucor price increase</i></p><p class="lead">US electric arc-furnace (EAF) steelmaker Nucor and integrated steelmaker ArcelorMittal USA are increasing prices for the third time in the last month, according to multiple market participants.</p><p>The US subsidiary of international steelmaker ArcelorMittal led the increase today, raising flat-rolled prices to $630/st for hot-rolled coil (HRC) products and to $800/st for cold-rolled coil (CRC) and coated products.</p><p>One source said the company had been asking for $600/st for HRC.</p><p>Nucor followed with a $40/st increase on all flat-rolled products. Last week Nucor chief executive John Ferriola said his company had <a href="https://metals.argusmedia.com/newsandanalysis/article/1942677">secured the first $40/st increase</a> that was announced in June and that it was too early to tell how much prices would increase from the $40/st announcement from early July. </p><p>The announcement is the latest by both companies, which <a href="https://metals.argusmedia.com/newsandanalysis/article/1929048">rolled out</a> two <a href="https://metals.argusmedia.com/newsandanalysis/article/1936592">$40/st increases</a> in the last month.</p><p>Other US mills have pushed for $80/st of price increases during the same time period.</p><p>US HRC prices hit a 2019 low of $521.75/st at the end of June. The most recent <i>Argus</i> weekly domestic US HRC assessment was $559.25/st on 16 July.</p></article>
