Steel Products Prices North America
Nucor Announces $40 Increase on Plate
Written by John Packard
November 7, 2019
This afternoon Nucor Plate Mill Group increased prices for all plate products by $40 per ton ($2.00/cwt). The follows a $40 per ton increase on plate by Evraz North America dated Oct. 28, 2019.
The Nucor increase is to be effective “immediately” and impacts all transaction (spot) prices on new orders of carbon, alloy and heat-treated plate.
Steel Market Update has adjusted our Price Momentum Indicator to “Neutral” from Lower. This means, with two domestic mills having announced increases on plate spot pricing, that we will allow the market to determine if prices will bottom and move higher from here or if the slide will continue.
We have a separate article on plate in tonight’s newsletter, which was produced prior to the Nucor announcement around 4 p.m. ET this afternoon.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
Nucor pauses month-long slide in weekly HR price
Nucor halted a four-week decline in its spot price for hot-rolled coil this week, maintaining its weekly consumer spot price (CSP) at $870/st.
Nucor lowers HRC by $10/ton in fourth straight cut
Nucor has lowered its consumer spot price (CSP) for hot-rolled coil by $10 per short ton (st), marking the fourth consecutive weekly decrease.
Nucor slows HRC price climb with $5/ton increase
After eight weeks of double-digit price increases on hot-rolled (HR) coil, Nucor slowed the price rise this week with an increase of $5 per short ton.
Domestic CRC prices surge ahead of imports
The price spread between stateside-produced CR and imports reached its widest margin in over a year.
Evraz raises plate prices $160/ton
Evraz North America (NA) has followed Nucor and SSAB with a plate price increase of its own: up $160 per short ton (st). The increase was effective immediately for all new orders of carbon, high-strength low-alloy, and normalized and quenched-and-tempered plate products, as well as for hot-rolled coil, the steelmaker said in a letter to […]