Steel Mills

Nucor Raises Plate Price by $50
Written by Tim Triplett
December 10, 2019
The Nucor Plate Mill Group informed customers today, Dec. 10, that it has increased transaction prices on all new orders for carbon, alloy and heat-treated plate by a minimum of $50 per ton, effective immediately.
Nucor’s move follows a similar announcement by SSAB Americas on Friday. Sources tell SMU that ArcelorMittal has also followed suit, though the company has not issued a formal written announcement.
Plate mills have raised prices three times in November and December by a total of $130 per ton ($6.50/cwt). SMU data puts the current average spot price for plate at $690 per ton, up from $640 in early November.

Tim Triplett
Read more from Tim TriplettLatest in Steel Mills

CMC Q4 profits rise on improved market conditions
CMC reported higher net earnings in its fiscal fourth quarter on "better market conditions" across its segments.

AISI: Raw steel production drops to multi-month low
After being historically strong for more than four months, US raw steel production fell for a second week.

U.S. Steel sues Algoma over iron pellet shipments
U.S. Steel is suing Algoma over the Canadian flat-rolled producer's rejection of iron pellet shipments, arguing it has breached its contract.

August US mill shipments slip but still higher than last year
The American Iron and Steel Institute reported a decline in the monthly shipments of US mills from July to August.

TransPod, Algoma, Supreme Steel linkup anchors Canadian steel in high-speed transit build
The three Canadian companies have announced a strategic partnership to support the development of an ultra-high-speed transit line from Edmonton to Calgary.