Steel Products Prices North America
Nucor Raises Plate Price by $40 Per Ton
Written by Tim Triplett
June 14, 2020
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.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
CRU: US longs prices remain mostly flat in October
CRU Senior Steel Analyst Alexandra Anderson shares insight into the current market for long steel products.
Nucor holds HR base price at $730/st
Nucor is holding its hot-rolled (HR) coil consumer spot price (CSP) at $730 per short ton (st) this week.
Buyers say galv prices stable mill level but stuck in swamp on the street
Galvanized steel buyers on Tuesday discussed the eerie stability in sheet prices of late. Expectations are for the murky market to persist in the short term, while glimmers of hope continue for prices pushing higher.
Nucor ups weekly HR price by $10/ton
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil increased $10 per short ton (st) from last week to $730/st as of Monday, Sept. 23.
Plate report: Prices getting closer to pre-Covid norms
The US plate market finds itself in unfamiliar territory, well maybe unfamiliar territory for this side of the post-Covid “normal,” that is.