Steel Products Prices North America

Nucor Lifts Plate Prices $50/Ton
Written by Michael Cowden
March 26, 2021
Nucor increased plate prices by $50 per ton ($2.50/cwt) in the afternoon on Friday, March 26, after SSAB had earlier in the day lifted plate tags by $100 per ton.
It was not immediately clear why there was such a large difference. The steelmakers don’t always increase plate prices by the same amount, but a $50-per-ton spread is wider than usual.
Nucor’s new ex-works base price for cut-to-length A36 plate is $1,140 per ton ($57/cwt), up from $1,090 per ton a month ago, according to letters to customers.
The steelmaker’s new base prices for quenched-and-tempered Grade A514 material with a Grade B base is now $1,390 per ton, up from $1,340 per ton in late February.
And Nucor’s new price for A516-70 product is $1,270 per ton, up from $1,220 per ton a month prior.
All published extra will be applied, Nucor said.
“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.
By Michael Cowden, Michael@SteelMarketUpdate.com

Michael Cowden
Read more from Michael CowdenLatest in Steel Products Prices North America

SMU Price Ranges: A newsy week sees modest price gains despite a quiet spot market
Market participants predicted that prices should be at or near a bottom. But while most seemed to agree on that point, many also said they saw little upside given a quiet spot market and ongoing concerns about demand.

Nucor increases plate prices by $60/ton
Nucor aims to increase prices for steel plate by $60 per short ton with the opening of its November order book.

Nucor’s $875/ton HR spot price spills into week six
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Sept. 29.

SMU Price Ranges: Sheet and plate flat or down as hopes of rebound meet ‘blah’ demand
Sheet and plate prices were flat or lower this week as less discounting from domestic mills was offset by few signs of an anticipated rebound in demand.

Price gap between US CR, most imports narrows
Cold-rolled (CR) coil prices ticked up in the US this week, matching a similar trend seen in offshore markets as well.