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
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