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    September 20, 2022

    Nucor Drops Discrete Plate Prices $120/Ton, CTL Sizes Flat

    Written by David Schollaert

    Nucor Corp. is significantly lowering plate prices effective immediately, largely impacting its November plate order book.

    steel plate

    The Charlotte, N.C.-based steelmaker said discrete plate prices, as well as prices for normalized plate, will be $120 per ton ($6 per cwt) lower. Prices for certain cut-to-length items are unchanged from its Sept. 2 price announcement.

    “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 Monday, Sept. 19.

    All published adders and extras will be applied, the company said.

    Nucor earlier this month kept prices flat for quench-and-temper and normalized plate with the opening of its October order book. The company in July lowered prices by similar amounts with the opening of its September book.

    Prices for three cut-to-length sizes—84-inches wide, 72-inches wide, and 60-inches wide—are unchanged from when the company last adjusted them on Sept. 2, Nucor said

    By David Schollaert, David@SteelMarketUpdate.com

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

    Read more from David Schollaert

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