Prices
May 13, 2021
Written by Michael Cowden
Steel prices stand at $1,540 per ton ($77/per cwt) and are likely to hit at least $1,600 per ton – with no obvious signs of demand destruction in the short term, according to respondents to Steel Market Update’s most recent survey.
And some respondents reported back that the only thing harder to find than metal was the labor and the wheels to move it.
Nucor's consumer spot price for hot-rolled increased by $10/st w/w on Monday, Oct. 5 to $1,230 per short ton.
SSAB Americas aims to increase base plate prices by at least $60 per short ton (st), according to a letter sent to customers on Monday.
Nucor said on Thursday evening it plans to increase plate prices by $60 per short ton (st) as it opens its November order book.
Sheet and plate prices continued to inch higher on a combination of scarce spot tons, long lead times, lean inventories, and stable demand.
Nucor said its consumer spot price for hot-rolled coil will be $1,220 per short ton (st) for the week of Sept. 28. That's a 10/st increase from a week earlier.