Market Segment
January 25, 2022
Nucor Again Announces Flat Plate Prices
Written by Michael Cowden
Nucor Corp. has announced that plate prices are unchanged for the second month in a row.
The Charlotte, N.C.-based steelmaker announced the “$0/per ton change” with the opening of its March order book for plate.
The result: 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.
“We reserve the right to review or 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 dated Monday, Jan. 24.
Nucor had announced in early January that it was keeping prices unchanged with the opening of its February order book – a move notable at the time because it was the first big price announcement of 2022 and because it was a departure from the significant month-over-month price increases seen for much of 2021.
By Michael Cowden, Michael@SteelMarketUpdate.com
