Steel Products Prices North America
Nucor Hikes Plate Prices
Written by John Packard
May 12, 2015
Earlier today Nucor announced a price increase of $25 per ton on carbon and alloy plate as well as heat treated plate products. The increase was to be effective “immediately.”
Our sources are advising of at least one other plate mill that was telling their customers that they would be following the Nucor lead and will hike plate prices by a similar amount.
Plate prices averaged $579 per ton this past week according to our most recent Comparison Price Indexes table produced in Sunday evening’s edition of our newsletter.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
Thin demand keeps plate prices hovering at lowest levels since February
Participants in the domestic plate market say spot prices appear to have hit the floor, and they continue to linger there. They say demand for steel remains thin, with plate products no exception.
SMU Price Ranges: HR crawls back to $800/ton
SMU’s HR price stands at $800/st on average, up $5/st from last week. The modest gain came as the low end of our range firmed, and despite the high end of our range declining slightly.
SMU successfully completes IOSCO review
SMU has successfully completed an external review of all our prices. The review has concluded that they algin with principles set by the International Organization of Securities Commissions (IOSCO).
Domestic plate prices could heat up despite so-so demand, market sources say
Some sources also speculated that plate could see further price increases thanks to modest but steady demand, lower imports, mill maintenance outages, and end markets less immediately affected by tariff-related disruptions.
SMU Price Ranges: HR holds, galv slips amid competing market narratives
SMU’s sheet and plate prices see-sawed this week as hot-rolled (HR) coil prices held their ground while prices for galvanized product slipped.