Steel Products Prices North America

Nucor Raises Plate Price by $40 Per Ton

Written by Tim Triplett

Nucor’s Plate Mill Group informed customers on Friday that it has raised prices for carbon and alloy plate and heat-treated plate by $40 per ton, effective immediately. Nucor’s move follows a similar announcement by ArcelorMittal USA on Thursday.

This is the second round of plate price changes in the past month. SSAB raised its prices by $40 per ton on May 18 and Nucor raised its prices by $50 on May 20.

The current average price for plate is $610 per ton, according to Steel Market Update data. Plate prices have inched up by roughly $20 since hitting a low of $590 per ton in mid-May. Steelmakers have announced increases in both plate and flat rolled prices in the past few weeks in anticipation of rising demand as the economy improves. 


Latest in Steel Products Prices North America