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
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.
Nucor spot HR list price unchanged at $875/ton
Nucor kept its weekly list price for hot-rolled (HR) coil unchanged this week, following a price bump of $10 per short ton (st) last week.