Nucor plans to increase plate prices by $60 per short ton (st) with the opening of its September order book. It will also maintain its previously announced fuel surcharge of $10/st effective on all shipments beginning August 1
Earlier this week, SMU polled steel buyers on an array of topics, ranging from market prices, demand, and inventories to tariffs, imports, and evolving market events.
Oregon Steel Mills is attempting to push spot plate prices up by at least $60 per short ton.
Hot-rolled and cold-rolled prices held steady again this week while prices for coated products and plate continued to tick upward.
Nucor said its consumer spot price (CSP) for hot-rolled coil will be $1,135 per short ton (st) for the week of July 13, up $5/st from last week.
Some domestic hot-rolled coil market participants say they expect prices for hot-rolled coils to remain stable through the end of 2026. The market participants predicted that mills would hold spot prices and incrementally tighten lead times. Continuing, that they’ll find imported product arrivals, experience seasonal demand dips and all conditions will culminate in stable prices throughout the summer. Asked […]
On the heels of SSAB’s price hike, further domestic mill increases to spot market plate seem inevitable to some participants but unlikely to others.
Cold-rolled (CR) coil prices were unchanged in the US this week, while offshore prices varied, though mostly trended up.
On July 1, CRU launched a US Galvalume coil benchmark price to serve this growing market.
If a trend of flat lead times holds, it would represent a change. And we’ve also seen a few of the other indicators we track slip from historic highs – so the potential shift is worth paying attention to.
The majority of steel buyers we polled this week reported that mills are holding firm on new order spot prices.
SMU’s average price for domestic HR was unchanged vs. last week. In offshore markets last week, while prices diverged, the dynamic between stateside and imported product varied little.
SSAB Americas plans to increase plate prices by at least $40 per short ton (st), according to a letter sent to customers on Wednesday.
Market reaction to Nucor’s move was mixed. Some sources said a flat CSP reflected concerns that further increases in US HR prices could attract more import competition. Others expressed frustration. Their view: CSP has kept a lid on prices, something that shouldn’t happen when many buyers remain more concerned about availability than price.
Nucor said on Monday, July 6, that its hot-rolled coil consumer spot price will remain unchanged at $1,130 per short ton for the week.
Imports from Europe are at parity with domestic hot rolled, while Southeast Asian products remain at a considerable discount. The result comes because a stateside rally coincides with faltering offshore prices.
We’ve gotten so used to the slow, steady increases by now that $5/ton feels like the new flat. And flat, after so many consecutive weeks of gains, feels like a decrease.
Hot-rolled (HR) coil and plate prices continued to tick higher even as cold-rolled (CR) and coated prices came in unchanged, according to SMU’s latest check of the market.
Nucor held its consumer spot price (CSP) for hot-rolled (HR) coil at $1,130 per short ton (st) for the week of June 29. The sideways move is the first of its kind since Jan. 21.
Some hot-rolled coil buyers expect continued incremental price increases from domestic mills. Others expect steeper increases, even if it risks inviting imports.
Cold-rolled coil prices moved higher in the US this week, as offshore prices trended lower. Imports are, as a result, increasingly more competitive, even with the 50% Section 232 tariff.
Steel buyers negotiation rates remain at or near historic lows across most sheet and plate products.
SMU’s average price for domestic HR was $1,145 per short ton (st) this week, $15/st higher week over week (w/w). In offshore markets last week, prices moved down, largely maintaining a trend seen since late April.
US sheet prices continue to move higher on extremely limited spot availability, solid demand, and extended lead times.
CRU: Tight market balance will drive up US steel plate prices, while weak demand and lower CBAM costs will pull European prices down. Weather risks will shape Asian markets, from Chinese rain disruptions to uneven Indian monsoons.
Nucor announced on Monday, June 22, that its consumer spot price (CSP) for hot-rolled coil will be $1,130 per short ton for the week, up $5/st from last week.
Cold-rolled (CR) coil prices ticked up in the US this week, as offshore prices mostly trended lower.
Hot-rolled coil market participants report little disruption to their contact volumes, finding timely spot HR proved less straightforward, some sources told SMU.
The US HRC futures curve has continued to move higher, particularly in the deferred months, suggesting the market is pricing a slower return to balance.
Some domestic plate market participants recently voiced concerns that current market conditions will impact fabrication and manufacturing, which rely on steady product supply.