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.

NucorNucor’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

Michael Cowden is editor-in-chief for Steel Market Update. Cowden has covered the steel industry since 2007. He specializes in flat-rolled steel but has also reported on steel long products, steel pipe and tube, and aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago, 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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