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

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.

Metallus, USW agree to tentative four-year labor deal
Metallus and the United Steelworkers (USW) have agreed to a tentative four-year labor contract.

ArcelorMittal Dofasco resumes cokemaking after emergency maintenance
The Canadian steelmaker reported on Sept. 30 that “urgent maintenance” was needed in its coke plant off-gas systems. The work required coke oven gas from the No. 2 coke plant to be flared for most of that week.