Product
Nucor Raises Spot HR, CR and GI Prices by $40
Written by John Packard
October 18, 2017
Late this afternoon, the Nucor Sheet Group sent a written note to customers advising them of a $40 per ton ($2.00/cwt) price increase on spot orders of hot rolled, cold rolled and galvanized steel. This follows the announcement by ArcelorMittal USA yesterday, taking spot base prices to $625 per ton on hot rolled and $825 per ton on cold rolled and galvanized steels. Steel Market Update will have more on these price increase announcements and the reaction from steel buyers in Thursday’s issue of our Steel Market Update newsletter.
John Packard
Read more from John PackardLatest in Product
Brazil pig iron market activity picks up
The pig iron market in Brazil saw some activity last week that could present some additional options to producers there, but at lower price levels.
Nucor targets ‘white hot’ data center boom
With infrastructure demand shifting toward digital capacity, Nucor Corp. is positioning itself as the go-to steel supplier for the data center boom.
Drilling activity slows at October’s end in US and Canada
The latest Baker Hughes rig count report showed oil and gas drilling slowing in both the US and Canada last week.
Key takeaways from CRU’s US Ferroalloys Connections Summit
CRU analysts break down their top takeaways from CRU's 31st Annual Ferroalloys Connections Summit, held Oct. 19-21 in Miami.
SMU Survey: Mills less negotiable on spot prices
Most steel buyers responding to our market survey this week reported that domestic mills are considerably less willing to talk price on sheet and plate products than they were in recent weeks.