Steel Products

Nucor maintains plate prices, again

Written by David Schollaert

May 23, 2025

Nucor aims to keep plate prices flat again with the opening of its July order book.

The Charlotte, N.C.-based steelmaker said it was maintaining last month’s price, effective with new orders received on Friday, May 23, in a letter to customers dated the same day.

The company said pricing applied equally to carbon, normalized, and quenched-and-tempered products.

Nucor said its base price for normalized and quenched-and-tempered plate is $1,475 and $2,645 per short ton (st), respectively.

“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 in the letter.

Nucor has held plate prices unchanged for the past two months after four consecutive increases from January to March, which totaled $300/st, according to SMU’s mill price announcement calendar.

SMU’s plate price stands at $1,125/st on average as of May 20. Plate prices have been steadily eroding, now down $85/st since reaching a recent high of $1,210/st in early April, according to SMU’s interactive pricing tool, which you can find here.

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.

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