Steel Products Prices North America
Nucor Tubulars Raises Prices by $75 Per Ton
Written by Tim Triplett
November 21, 2020
Nucor Tubular Products announced Nov. 20 that it has increased pricing on all new orders for HSS, pipe, mechanical and piling products by $75 per ton as a result of rising raw material costs, strong demand and volatility of transportation costs.
All orders booked prior to this announcement will be price protected for shipments through Dec. 18. All open orders beyond 30 days will be price in effect at time of shipment. New orders, quotes and contracts not previously confirmed by Nucor will be subject to this increase, the company said.
Nucor Tubular’s latest price hike follows on an increase of $50 per ton announced Sept. 25.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
HRC vs. busheling spread narrows in August
The price spread between prime scrap and hot-rolled coil (HRC) narrowed in August, according to SMU’s most recent pricing data.
SMU Price Ranges: Market drifts lower still
All five of SMU's steel sheet and plate price indices declined this week, falling to lows last seen in February.
Discontentment brews in plate market with flat, status-quo pricing
Sources in the carbon and alloy steel plate market said they are less discouraged by market uncertainty resulting from tariffs or foreign relations, but are instead, eager to see disruption to the flat pricing environment.
Nucor lowers HR coil spot price by $15/ton
Nucor has implemented a double-digit price decrease on spot hot-rolled (HR) coil for the second consecutive week.
SMU Price Ranges: Sheet and plate move ‘soft sideways’ to start August
Sheet and plate prices were either flat or modestly lower this week on softer demand and increasing domestic capacity.