Market Segment

Nucor Again Announces Flat Plate Prices

Written by Michael Cowden

January 25, 2022

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.

NucorThe 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

Michael Cowden

Michael Cowden is editor-in-chief for Steel Market Update. Cowden has covered the steel industry since 2007. He specializes in flat-rolled steel but has also reported on steel long products, steel pipe and tube, and aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.

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