U.S. Steel, ArcelorMittal and Nucor have all recently raised their Steel prices, marking the first increase in U.S. Steel prices since prices plunged last summer.
Earlier this week, U.S. steel and nucor raised their offers for hot-rolled, cold-rolled and hot-rolled galvanized coils by $40 a ton.
Us steel prices have been falling since July last year after a brief rise initially triggered by the us tariff on 232nd steel and aluminium.
Hot-rolled coil prices in the Midwest rose to $687 a ton last week, up $10.50 from the previous week.
Last year, annual profits at U.S. steel nearly tripled to $1.1 billion.Arcelormittal also posted its best financial results since 2007.
Employees at both companies have also benefited, with a 14 per cent increase over the next four years.But executives at both companies warned that falling steel prices could affect profitability in 2019.
Post time: Feb-25-2019