Nucor has increased plate prices by $70 per ton ($3.50/cwt) effective immediately.
The steelmaker’s new ex-works base price for cut-to-length Grade A36 plate is now $1,090 per ton, up from $1,020 per ton a month ago.
The new base price for quenched-and-tempered A514 Grade B is $1,340 per ton, up from $1,270 per ton in late January.
And Nucor’s new base price for normalized Grade A516-70 material is $1,220 per ton, up from $1,150 per ton previously.
All published adders and extras will be applied, Nucor said in a letter to customers on Wednesday, Feb. 24.
“We reserve the right to review and re-quote any offers that are not confirmed with either a Nucor sales acknowledgement or written acceptance by both parties,” the company said in the letter.
Steel Market Update’s average plate price stands at $1,070 per ton, unchanged from last week but up $60 from $1,010 per ton in late January.
By Michael Cowden, Michael@SteelMarketUpdate.com
Michael CowdenRead more from Michael Cowden
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