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.

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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.

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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

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.

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