Steel Products

Nucor Increases Plate Prices by $70/Ton

Written by Michael Cowden

February 24, 2021

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.

steel plateThe 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.

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“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 Cowden

Michael Cowden is managing editor for Steel Market Update. Cowden has covered the steel industry since 2007. He has since 2014 specialized in flat-rolled steel but has previously reported on steel long products, steel pipe and tube as well as aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago - where he was involved in launching AMM's daily hot-rolled coil index, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.

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