Prices
June 28, 2022
Written by Brett Linton
Steel Market Update’s average hot-rolled coil price has fallen below $1,000 per ton ($50 per cwt) for the first time since December 2020 – or 18 months ago.
The move comes as some market participants said that a floor might be near while others said such talk was mostly wishful thinking.
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.