Nucor keeps plate prices unchanged

Nucor Corp. announced in a letter to customers on Friday, Dec. 29, that its plate mill group would hold prices unchanged for as-rolled discrete plate, normalized, and quenched-and-tempered plate with the opening of its plate mill order book for February.

The Charlotte, N.C.-based steelmaker said tags would retain the price “set forth” in its Nov. 28 notice, when it increased prices by $40 per ton to $1,430 per ton.

The move was effective with new orders received on Saturday, Dec. 30, the letter said.

“We reserve the right to review and re-quote any offers that are not confirmed with either a Nucor sales acknowledgment or written acceptance by both parties,” Nucor said in the letter.

To keep track of the latest mill price increases, visit SMU’s price increase calendar.

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.