Prices
June 29, 2021
Written by Brett Linton
Flat rolled steel prices continued to move higher with benchmark hot rolled coil spot prices now up for the 47th week in a row.
But when we looked at HRC, we found prices up only by $10 per ton. This is the lowest rate of increase since mid-March/early April, when we saw HRC increase by a modest (by 2021 standards) $40 per ton over a four-week period.
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.