Nucor Increases Plate Prices by $40/Ton

The Charlotte, N.C.-based steelmaker’s price increase is also notable because it is $10 per ton less than the $50-per-ton price hike announced by competitors SSAB Americas and Algoma last week.

Nucor’s new ex-works base price for cut-to-length A36 plate is $1,815 per ton ($90.75/cwt) ex works, up from $1,775 per ton last month, according to letters to customers.

The steelmaker’s new price for normalized A516-70 product is $2,015 per ton ($100.75/cwt) ex works, up from $1,975 per ton a month ago.

And Nucor’s new base price for quenched-and-tempered Grade A514 material with a Grade B base is now $2,375 per ton ($118.75/cwt) ex works, up from $2,335 per ton previously.

“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.

SMU’s plate price – which does not reflect the latest increase – was at $1,775 per ton ($88.75/cwt) when this article was filed, down $25 per ton from $1,800 per ton from last month, according to SMU’s interactive price tool.

By Michael Cowden, Michael@SteelMarketUpdate.com