Prices
January 16, 2024
Written by Ethan Bernard
Domestic scrap prices turned out to be down slightly after a roller coaster of trading this month, scrap sources told SMU.
“Nothing big really new since last week … export seems to have remained steady,” one source told SMU. He said that there were sales from the US offered north of $430 per metric ton CIF for 80/20, “but no takers.”
Nucor said on Monday, Sept. 21, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,210 per short ton (st) this week, a $10/st increase from a week earlier.
The domestic plate market is showing few signs of relief for steel buyers. Lead times are stretching well beyond seasonal norms, spot availability has all but evaporated, and mills are drawing hard lines on contract volumes heading into 2027 negotiations.
SSAB Americas announced immediate changes to pricing extras on select products, according to a letter sent to customers Friday morning.
Nucor Plate Group said it will be increasing its fuel surcharge to $20 per short ton for next month, effective on all shipments beginning Oct. 1.
Nucor said its consumer spot price for hot-rolled coil will be $1,200 per short ton (st) the week of Monday, Sept. 14. That's a $10/st increase from a week earlier.