Market Segment
February 1, 2024
Nucor lowers plate prices by $50/st
Written by David Schollaert
Nucor Corp. announced that its plate mill group would cut prices for as-rolled, discrete, and normalized plate with the opening of its March order book.
The Charlotte, N.C.-based steelmaker said in a letter to customers on Tuesday, Jan. 30, that tags would be lowered by $50 per short ton (st) to $1,380/st.
Nucor didn’t include quenched-and-tempered products in its pricing notice.
The move was effective with new orders received on Wednesday, Jan. 31, Nucor 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,” the company said.
The move marks Nucor’s first plate price decrease announcement since lowering tags by $140/st on Oct. 30 of last year.
To keep track of the latest mill price increases and decreases, visit SMU’s price increase calendar.
