Steel Products
Nucor Lowers Cut-To-Length Plate, Maintains Discrete Plate Prices
Written by Laura Miller
June 14, 2022
Charlotte, N.C.-based steelmaker Nucor is lowering prices on cut-to-length plate while keeping discrete plate prices mostly flat, effective with new orders received as of June 13.
Cut-to-length plate prices are being lowered by $85-125/ton. Plates less than 72 inches wide will see prices drop by $125/ton, while plates 73-84 inches wide will see an $85/ton price decline.
Prices for most gauges of discrete plate are being kept flat.
{loadposition reserved_message}
In May, with the opening of its July orderbook, the company announced decreases of $100-200/ton for cut-to-length plate and $50/ton for as-rolled and normalized plate.
In the latest letter to customers dated June 13, Nucor said it is still accepting orders for July.
Nucor’s most recent pricing strategy for plate is to make announcements whether prices are up, down, or flat. The company has been doing so consistently since March.
The spread between hot-rolled coil and plate prices continues to be wider than usual, as SMU has reported. HRC prices continue to fall while declines in plate have been much slower.
By Laura Miller, Laura@SteelMarketUpdate.com
Laura Miller
Read more from Laura MillerLatest in Steel Products
SMU Community Chat replay now available
The latest SMU Community Chat webinar reply is now available on our website to all members. After logging in at steelmarketupdate.com, visit the community tab and look under the “previous webinars” section of the dropdown menu. All past Community Chat webinars are also available under that selection. If you need help accessing the webinar replay, or if your company […]
SSAB announces $74M expansion in Alabama
The project will expand heat treat capacity at its Axis, Alabama plant
Service centers: Mill orders retreat in March
SMU’s Mill Order Index declined in March after repeated gains at the start of the year, according to our latest service center inventories data.
Nucor maintains plate prices
Nucor aims to keep plate prices flat with the opening of its June order book.
US rig count up, Canada declines
Oil and gas drilling activity was mixed this week, according to Baker Hughes. US rig counts expanded for a second straight week, while Canadian activity continued its seasonal slowdown of eight consecutive weeks.