Company Announcements
May 18, 2026
Nucor Plate Group keeps fuel surcharge at $10/ton for June
Written by Ethan Bernard
Nucor Plate Group will maintain its previously announced fuel surcharge of $10 per short ton (st) for next month, effective on all shipments beginning June 1.
The Charlotte, N.C.-based steelmaker first said the fuel surcharge was necessary in April to address rising costs. Last month, it was $10/st on plate as well.
“We remain committed to providing reliable service and transparency as we adapt to changing market dynamics,” Nucor said in a letter to customers on Friday.
Nucor announces the surcharge amount on the 15th of each month for shipments beginning the following month.
Background
The Iran war, which began at the end of February, has sent fuel prices higher.
The average US price for regular gasoline stood at $4.52 per gallon as of Monday, May 18, according to the Automobile Association of America (AAA). That’s up from $4.06 a month ago and $3.18 a year ago.
Meanwhile, diesel stands at $5.63 a gallon as of Monday, AAA said. That’s up from $5.57 a month ago and $3.55 a year earlier.
SMU’s plate prices have also risen over the past month. Our average plate price stood at $1,245/st as of Tuesday, May 12. That’s up $20/st from the previous week and a $60/st increase from a month earlier. We will update prices on Tuesday, May 19.
In a May 11 price notice, SSAB Americas said it aimed to increase plate transaction prices by $40/st. Meanwhile, on May 8, Nucor said it was keeping its plate prices unchanged.
On May 1, Oregon Steel Mills issued its latest price adjustment, seeking to raise spot prices on plate by $60/st.
You can check SMU’s website to track steel mill price announcements.
