Market Segment
July 31, 2023
Nucor Gets Final Permit to Begin Work on W.Va. Mill
Nucor has received its final federal permit to begin construction on its sheet mill in Mason County, W.Va.
Latest in Market Segment
Nucor ups HR coil CSP to $1,230/ton
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 plans to increase plate prices by $60/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.
Price on Trade: Milwaukee Framework is a step forward on steel excess capacity
Members of the Global Forum on Steel Excess Capacity (GFSEC) met in Wisconsin last week and unveiled an updated plan to combat market-distorting excess capacity. The Milwaukee Framework adds color to the 2017 “Berlin Principles.” It is also a positive step in the ongoing battle against global steel market distortions. However, the Framework is only a guidepost. It must be implemented correctly to make an impact as new problems loom.
Nucor hikes tubular product prices
As substrate costs continue to rise, Nucor Tubular Products announced a price increase for heavy structural sections (HSS), mechanical, and piling products.
Great Lakes iron ore shipments fall in September
Iron ore shipments from US ports on the Great Lakes slipped in September from a year earlier, according to the Lake Carriers Association (LCA).