Prices
November 12, 2019
Written by Brett Linton
The price hikes by the mills on flat rolled and plate are beginning to take hold, as the average price of hot rolled is up $30 per ton, galvanized is up $5 and plate is up $15, according to Steel Market Update’s latest canvass of the market
Here is how we see prices this week:
Sheet and plate prices continued to move higher on market dynamics that have carried headlines for much of the second half of the year: scarce spot tons, long lead times, production delays, lean inventories, and stable demand.
Nucor's consumer spot price for hot-rolled increased by $10/st w/w on Monday, Oct. 5 to $1,230 per short ton.
SSAB Americas aims to increase base plate prices by at least $60 per short ton (st), according to a letter sent to customers on Monday.
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.