Prices
June 24, 2022
CRU Aluminum: Century Hawesville Curtailment, Another Casualty of Energy Volatility
Written by Greg Wittbecker
By Greg Wittbecker, Advisor, CRU Group
Century Aluminum Falls Prey to the Pitfalls of Day-Ahead Electricity Pricing
Prices
June 24, 2022
Written by Greg Wittbecker
By Greg Wittbecker, Advisor, CRU Group
Century Aluminum Falls Prey to the Pitfalls of Day-Ahead Electricity Pricing
Nucor said on Thursday evening it plans to increase plate prices by $60 per short ton (st) as it opens its November orderbook.
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.
US sheet buyers have grappled with supply scarcity in both the spot and contract markets throughout 2026. Now the supply squeeze is spilling over into 2027, according to market participants.
Recycler forward expectations swung toward oversupply in September as inventory drawdowns eased and export demand lost August’s improving responses.