<article><p class="lead">ArcelorMittal's joint venture mill in Calvert, Alabama, has raised its flat rolled prices by $50/short ton (st), following price hikes by two other producers this week.</p><p>The rerolling mill — which is run with Japanese steelmaker Nippon Steel — announced a flat steel price increase today to its customers and said that its February order books are closed. It has begun to take orders for March. </p><p>The company did not release a minimum price point, unlike Cleveland-Cliffs and Nucor, which are both targeting a minimum price of $800/st, according to <a target="_blank" href="https://www.argusmedia.com/metals-platform/newsandanalysis/article/2410149-Cliffs-raises-flat-steel-by--50-st--HRC-to--800-st">their own releases</a> and <a target="_blank" href="https://www.argusmedia.com/metals-platform/newsandanalysis/article/2410803-Nucor-increases-sheet-prices-by--50-st">market sources</a>, respectively. </p><p>The <i>Argus</i> US Midwest HRC ex-works assessment rose by $22.50/st to $750/st Tuesday.</p><p class="bylines">By Rye Druzin</p></article>
