Steel Products
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 Steel Products
Drilling activity slows further in US and Canada
Oil and gas drilling activity declined again this week in both the US and Canada, according to Baker Hughes.
SMU Community Chat: Zekelman calls for more support for steel consumers
“Unless the administration actually gets serious about levelling the playing field… for consumers of steel, then everything they've done on the steel side is useless."
SMU Community Chat replay now available
The latest SMU Community Chat webinar reply is now available on our website to all members. After logging in at steelmarketupdate.com, visit the community tab and look under the “previous webinars” section of the dropdown menu. All past Community Chat webinars are also available under that selection. If you need help accessing the webinar replay, or if your company […]
Nucor maintains plate prices, again
Nucor aims to keep plate prices flat again with the opening of its July order book.
Asian HR remains much cheaper than US, EU product
Domestic hot-rolled (HR) coil prices were flat this week after declining seven of the last nine weeks. Offshore prices have also eroded in recent weeks, though not nearly as significantly as in the US.