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.
David SchollaertRead more from David Schollaert
Latest in Steel Mills
Biden admin scrutinizing Nippon Steel’s Chinese ops in USS deal: Report
Nippon Steel Corp.’s (NSC) operations in China are a potential security concern of the Biden administration, according to a Bloomberg report citing anonymous sources close to the matter.
Kestenbaum looking at multiple ways to grow Stelco
Alan Kestenbaum, the CEO of Stelco, said the company is actively evaluating ways to grow the company, including both organic and inorganic opportunities.
Nucor board OKs new rebar micro mill for Pacific Northwest
Nucor Corp. announced plans to build a new rebar micro mill in the Pacific Northwest.
BlueScope officially mulling addition of CR and coating capacity in US
Australia's BlueScope Steel has begun making plans to potentially add cold rolling and coating capabilities in the US.
USW, USS reveal little after Friday meeting
Leadership of the United Steelworkers (USW) and U.S. Steel met on Friday to discuss the steelmaker’s pending sale to Nippon Steel Corp. (NSC).