Prices
July 30, 2015
Written by David Phelps
The following is a “Letter to the Editor” received from David Phelps, the immediate past president of the American Institute for International Steel (AIIS):
I feel obliged to comment on the subject of the new trade cases against CR. First of all, they are ostensibly to protect American jobs and of course, profits and production in the steel industry — all arguably laudable things.
Nucor said on Thursday evening it plans to increase plate prices by $60 per short ton (st) as it opens its November order book.
Sheet and plate prices continued to inch higher on a combination of scarce spot tons, long lead times, lean inventories, and stable demand.
Nucor said its consumer spot price for hot-rolled coil will be $1,220 per short ton (st) for the week of Sept. 28. That's a 10/st increase from a week earlier.
US sheet buyers have grappled with supply scarcity in both the spot and contract markets throughout 2026. Now the supply squeeze is spilling over into 2027, according to market participants.
Recycler forward expectations swung toward oversupply in September as inventory drawdowns eased and export demand lost August’s improving responses.