Nucor aims to hike plate prices by $60/ton

Nucor on Friday announced plans to increase plate prices by $60 per short ton (st).

The Charlotte, N.C.-based steelmaker announced the price hike in tandem with the opening of its August order book. All orders must be submitted by June 26 to be considered, the letter said.

The company said the increase would apply to all orders that haven’t been confirmed by an order acknowledgement.

You can check out SMU’s Steel Mill Price Announcement Calendar to follow announced pricing moves.

SMU’s price assessment for plate currently stands at $1,260/st on average.

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.

David Schollaert

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