Steel Products Prices North America
Nucor Announces Plate Price Increase
Written by John Packard
August 19, 2014
On Friday, August 15th, Nucor Plate Mill Group announced an increase on transaction prices for all new spot orders of carbon, alloy and heat-treated plate.
Carbon and alloy plate prices were increased by $30 per ton ($1.50/cwt).
Heat-treated plate prices were increased by $40 per ton ($2.00/cwt).
Late last week our SMU plate indices average was $846 per ton, down $4 per ton from the prior week.
Nucor Plate Mill Group advised in their letter to their plate customers that the new transaction prices would be effective “immediately.”
John Packard
Read more from John PackardLatest in Steel Products Prices North America
SMU Price Ranges: HR slips, hopes for Q4 rebound still standing
SMU’s price ranges were mixed again this week as the market continues to seek a floor amid industry hopes for a Q4 rebound.
Nucor’s hot band list price holds at $875/ton
Nucor held its hot-rolled coil list price flat again this week, according to its Monday, Sept. 15 consumer spot price (CSP) notice.
Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.
SMU Price Ranges: Some predict bottom is near as big discounts dry up
Sheet prices were mixed this week as some mills continued to offer significant discounts to larger buyers while others have shifted toward being more disciplined, market participants said.
SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.