Steel Products Prices North America

Nucor Raises Base Prices on Plate by Another $80

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.