Steel Products Prices North America
Nucor Raises Base Prices on Plate by Another $80
Written by Tim Triplett
December 15, 2020
Nucor’s Plate Group notified customers of another increase in base prices on its plate products Monday, marking the fourth such announcement since late September. Nucor no longer quotes delivered prices, but rather base prices ex works the mill.
Effective immediately Nucor’s EXW plate pricing is as follows:
• As-rolled discrete/CTL grade A36 Base 3/8”-2”, $40.00/cwt USD, EXW, (or $800/ton). Applicable to stock sizes only in widths of 72”, 84”, 96” or 120”.
• Quenched & Tempered Grade A514 Grade B Base 3/8 – 1-1/4”: $52.50/cwt USD, EXW, (or $1,050/ton). Applicable to stock sizes only to include widths of 96” and lengths of 240”/288”.
• Normalized Grade A516-70 Base 3/8” – 2”: $46.50/cwt USD, EXW, (or $930/ton). Applicable to stock sizes only to include widths of 96”/120” and lengths of 240”/480”.
The letter to customers include an attached 1Q21 freight matrix to calculate freight charges to various regions and an updated list of grade, gauge and dimensional extras to be added to the base prices
Nucor announced previous base price increases for plate on Sept. 29, Nov. 17 and Nov. 30. The new base price for discrete/CTL A36 of $40/cwt this week compare to $36/cwt for the product two weeks ago, representing an increase of $80 per ton.
Steel Market Update’s check of the market this week puts the average delivered price for plate at around $850 per ton.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
SMU Price Ranges: HR slips, hopes for Q4 rebound still standing
SMU’s price ranges were mixed again this week as the market continues to seek a floor amid industry hopes for a Q4 rebound.
Nucor’s hot band list price holds at $875/ton
Nucor held its hot-rolled coil list price flat again this week, according to its Monday, Sept. 15 consumer spot price (CSP) notice.
Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.
SMU Price Ranges: Some predict bottom is near as big discounts dry up
Sheet prices were mixed this week as some mills continued to offer significant discounts to larger buyers while others have shifted toward being more disciplined, market participants said.
SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.