Steel Mills
Nucor Announces Higher Base Price for Plate
Written by Tim Triplett
September 10, 2020
Nucor’s Plate Group announced a new minimum base price yesterday “to provide an increased level of clarity and transparency to our plate product pricing.” The company added: “This price change reflects continued increases in input costs and changing market dynamics.”
Effective immediately, Nucor’s new minimum base price is $29.50/cwt ($590 per net ton), freight included. This price is for discrete/CTL plate, grade A36, up to 2” thick, in widths of 72”, 84”, 96”, or 120”. Any published extras will be applied to this base price as warranted.
This is the second announcement on plate from Nucor in the past three weeks. On Aug. 21, the steelmaker informed customers of a minimum base price for plate of $28.00/cwt or $560 per ton.
Steel Market Update’s latest check of the market puts the average plate price at $605 per ton ($30.25/cwt).
Tim Triplett
Read more from Tim TriplettLatest in Steel Mills
Ternium raises budget for Mexico project
The steelmaker now expects the new steel slab mill in Pesquería will begin operations by Q4’26.
SSAB announces $74M expansion in Alabama
The project will expand heat treat capacity at its Axis, Alabama plant
ArcelorMittal’s EAF in Alabama expects first heat in Q2
The facility at AMNS Calvert will be the first EAF in North America capable of supplying exposed automotive grades with domestically melted and poured material.
Nucor’s Topalian lauds Trump’s trade policies, downplays impact
Nucor’s top exec Leon Topalian said the benefit of the current administration’s aggressive trade policies “trumps” any risk of potentially higher raw materials prices.
SSAB reports higher production, shipments
But profits slipped vs. last year.