Steel Products Prices North America

Nucor Keeps Most Plate Prices Flat, Drops Tags on Some CTL Sizes

Written by Michael Cowden

September 6, 2022

Nucor Corp. aims to keep prices for some plate products flat and to decrease prices on certain cut-to-length items by $50-150 per ton ($2.50-7.50 per cwt).

The Charlotte, N.C.-based steelmaker announced the move with the opening of its October order book for plate.

steel plate

“We reserve the right to review and re-quote 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 on Friday, Sept. 2.

Prices for discrete, quench-and-temper, and normalized plate are unchanged from when the company last adjusted them on July 28, Nucor said.

But prices for three cut-to-length sizes are going down. Prices for 84-inch-wide cut-to-length plate will be down $50 per ton. Prices for cut-to-length product 72 inches wide and 60 inches wide will be down $150 per ton, the company said.

Nucor also makes 96-inch-wide and 120-inch-wide cut-to-length plate. Prices for those sizes are unchanged.

By Michael Cowden, Michael@SteelMarketUpdate.com

Michael Cowden

Michael Cowden is managing editor 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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