Steel Products Prices North America
Nucor Says Plate Tags Unchanged in First Price Announcement of '22
Written by Michael Cowden
January 3, 2022
Nucor has decided to keep plate prices unchanged with the opening of its February order book.
The current plate pricing levels – announced on Monday, Jan. 3, and effective immediately – are the same as those rolled out in late November for January orders.
The Charlotte, N.C.-based steelmaker’s letter to customers also marks the first price announcement of 2022, market participants said.
Nucor’s base price for cut-to-length A36 plate remains at $1,815 per ton ($90.75/cwt) ex works.
The company’s price for normalized A516-70 product continues to be at $2,015 per ton ($100.75/cwt) ex works.
And its base price for quenched-and-tempered Grade A514 material with a Grade B base is still at $2,375 per ton ($118.75/cwt) ex works.
“The above prices reflect a $0/ton change from our previous announcement of November 29th,” Nucor said in the letter.
Nucor in late November increased plate prices by $40 per ton ($2 per cwt).
SMU’s plate price was at $1,795 per ton ($89.75 cwt) when this article was filed, down 2.2% from $1,835 per ton in early December, according to our interactive price tool.
The unchanged pricing levels from Nucor, combined with falling sheet prices, have led some industry sources to question whether plate prices might have peaked.
By Michael Cowden, Michael@SteelMarketUpdate.com
Michael Cowden
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