Prices
September 19, 2022
Written by Laura Miller
GrafTech Mexico SA de CV has temporarily suspended manufacturing of graphite electrodes at its facility in Monterrey, Nuevo León, after an inspection revealed its operating license is no longer in effect.
Discovery of the invalid operating license was made during an inspection by the State Attorney’s Office for the Secretary of Environment of the State of Nuevo León.
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.
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.