Steel Products Prices North America

Nucor Opens July Plate Book, Increases Prices $100-150/ton

Written by Michael Cowden

May 19, 2021

Nucor has in a leading move increased plate prices by $100-150 per ton ($5-7.5/cwt) along with the opening of its July order book.

Nucor’s new ex-works base price for cut-to-length A36 plate is $1,320 per ton ($66/cwt), up from $1,120 per ton last month, according to letters to customers.

NucorThe steelmaker’s new base prices for quenched-and-tempered Grade A514 material with a Grade B base is now $1,640 per ton, up from $1,490 per ton in late April.

And Nucor’s new price for normalized A516-70 product is $1,520 per ton, up from $1,370 per ton a month prior.

“We reserve the right to review and requote any offers that are not confirmed with either a Nucor sales acknowledgement or written acceptance by both parties,” the company said in a letter to customers detailing the new prices on Wednesday, May 19.

Nucor last increased plate prices by $80-100 per ton on April 26, meaning the company is seeking $180-250 per ton more for its product in less than a month.

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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