Prices
November 16, 2021
Written by Michael Cowden
Hot-rolled coil prices continue to slide. And galvanized base prices are holding more or less steady. What gives?
Check out the slide below. The green line is galvanized base prices. The blue line is lead times. Prices are on the left-hand side of the slide. Lead times are on the right.
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.