Cleveland-Cliffs to publish monthly hot rolled coil spot price
Cleveland-Cliffs announced that in response to industry trends and feedback from customers, the company will publish a “Cliffs Hot Rolled Market Price” via letter to all flat-rolled customers on a monthly basis.
The first letter, sent out Friday, April 26, indicates that Cleveland-Cliffs has officially opened the June Hot Rolled order book and will be establishing our base price for spot hot rolled at $850 per ton.
“Pricing is valid for all new spot inquiries and published in conjunction with the opening of our monthly (hot rolled) order book, but subject to intermonth revisions, as needed, to reflect market changes that may arise,” the vice president of flat-rolled steel sales, Michael J Hrosik said in the letter.
The price will be published in conjunction with the monthly opening of the Hot Rolled order book, and will be simultaneously published at www.clevelandcliffs.com/doing-business/.
