Plate
February 4, 2025
Nucor raises plate prices by $40/ton, cites market conditions
Written by David Schollaert
Nucor Corp. announced that its plate mill group was raising prices for as-rolled, discrete, cut-to-length, and normalized plate “in response to current market conditions.”
The Charlotte, N.C.-based steelmaker said in a letter to customers on Tuesday, Feb. 4, after market close, that it would be seeking an increase of $40 per short ton (st).
Nucor said the increase was effective with orders confirmed as of Feb. 4.
The latest increase comes after Nucor raised its plate prices on Jan. 27, by $60/st with the opening of its March order book.
No clarity on the base price for as-rolled and cut-to-length products was given, but in theory, the increase brings its base to $1,075/st. The target base prices for normalized, quench and tempered, are $1,275/st and $2,445/st, respectively.
SMU’s plate price stands at $910/st on average, up $10/st from a week ago. Our HR price is at $725/st on average, up $25/st from a week earlier, according to SMU’s interactive pricing tool, which you can find here.
Also, you can track mill price announcements here.
