Prices
January 28, 2022
Written by Greg Wittbecker
By Greg Wittbecker, Advisor, CRU Group
In early December, we first sounded the alarm about the threat to aluminum supply should sanctions be re-applied to the Russians. It’s appropriate to update the situation now given some other changes in the aluminum supply-demand equation.
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.