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
HRC vs. prime scrap spread widens in June
The price spread between HRC and prime scrap widened in June.
SMU price ranges: Steel prices rise in response to tariffs
Steel prices climbed for a second straight week across all five sheet and plate products tracked by SMU.
Nucor lifts list price for spot HRC by $20/ton
The $20/short ton increase applies to all of the steelmaker’s sheet mills, including West Coast joint-venture subsidiary CSI.
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.