Steel Products Prices North America
Nucor Raises Plate Prices by $40 Per Ton
Written by Tim Triplett
November 26, 2019
Nucor’s Plate Mill Group informed customers on Monday that it is raising prices on carbon and alloy plate and on heat-treated plate by a minimum of $40 per ton. The increase is effective on new orders accepted for January production.
Nucor’s move follows on SSAB’s announcement on Friday that it was increasing transaction prices for its plate products by a minimum of $40 per ton effective immediately for all new non-contract orders. This is the second price hike this month for SSAB, which announced its first $40 increase on Nov. 8.
Sources report that ArcelorMittal USA has made a comparable increase to its plate prices, though not in writing, and the steelmaker did not respond to Steel Market Update’s request for confirmation.
SMU data shows the current average market price for plate at around $680 per ton ($34.00/cwt).
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
SMU Price Ranges: Sheet and plate steady ahead of Independence Day
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.
Nucor maintains plate prices, opens August order book
Nucor aims to keep plate prices flat again with the opening of its August order book.
Nucor CSP remains level at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.
Cliffs raises prices, seeks $950/ton for July spot HR
Cleveland-Cliffs plans to increase prices for hot-rolled (HR) coil to $950 per short ton (st) with the opening of its July spot order book. The Cleveland-based steelmaker said the price hike was effective immediately in a letter to customers dated Monday.
HRC vs. prime scrap spread widens in June
The price spread between HRC and prime scrap widened in June.