Prices
March 14, 2023
US Steel said it will begin closing coke-making batteries 1, 2, and 3 at its Clairton plant outside Pittsburgh later this month.
First announced in early 2021, the shutdown will take an estimated six days and is expected to be completed by the end of March, the Pittsburgh-based steelmaker said Tuesday.
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.