Tag: Nucor

Nucor plans to invest $105 million to expand production at its utility towers and structures plant in Crawfordsville, Ind.

Nucor's consumer spot price for hot-rolled increased by $10/st w/w on Monday, Oct. 5 to $1,230 per short ton.

As substrate costs continue to rise, Nucor Tubular Products announced a price increase for heavy structural sections (HSS), mechanical, and piling products.

Nucor said on Thursday evening it plans to increase plate prices by $60 per short ton (st) as it opens its November order book.

Nucor said its consumer spot price for hot-rolled coil will be $1,220 per short ton (st) for the week of Sept. 28. That's a 10/st increase from a week earlier.

The current plate market squeeze has been driven by improved demand and heightened import barriers, including 50% Section 232 tariffs. But the timing of fall outages—even if they were planned—is exacerbating the supply crunch.

Nucor said on Monday, Sept. 21, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,210 per short ton (st) this week, a $10/st increase from a week earlier.

Nucor Corp. expects significantly higher earnings in the third quarter thanks to higher selling prices and stable sales volumes.

Nucor Plate Group said it will be increasing its fuel surcharge to $20 per short ton for next month, effective on all shipments beginning Oct. 1.

Long steel producers are seeking to raise prices for merchant bar quality (MBQ) products.

Nucor said its consumer spot price for hot-rolled coil will be $1,200 per short ton (st) the week of Monday, Sept. 14. That's a $10/st increase from a week earlier.

Nucor said on Tuesday, Sept. 8, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,190 per short ton (st) this week, a $5/st increase from a week earlier.

Nucor raised its CSP for HR coil to $1,185 per short ton for spot orders placed this week, a $5/st increase w/w.

Nucor said on Friday its Plate Group plans to maintain base plate prices with the opening of its October orderbook.

Nucor Corp. has begun commissioning the melt shop at its new, $4 billion sheet mill in West Virginia, according to Noah Hanners, the company’s EVP of sheet. The pickle line is producing, the electric-arc furnace has been fired up, and steel production is expected soon.

Nucor said on Monday, Aug. 24, that its CSP for hot-rolled coil will be $1,180 per short ton (st) for the week, a $10/st increase from a week earlier.

Nucor said on Monday, Aug. 17, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,170 per short ton (st) for the week, a $10/st increase from a week earlier.

S232 tariffs of 50% provide a signal to domestic producers. Domestic prices have risen by approximately 50%. Similarly, the tariffs have simply moved the competitive threshold for imports 50% higher.

The investment in St. Joe, Ind., will add capabilities to produce steel grating products. The Charlotte, N.C.-based steel company expects the investment to create 20 new full-time jobs. Those are in addition to the over 300 workers currently employed there.

Nucor announced on Monday, Aug. 10, revised galvanized and galvannealed coating extras higher by an average of 11%.

Nucor upped its consumer spot price (CSP) for hot-rolled coil by $5/st to $1,160/st for the week of Aug. 10.

Nucor increased its consumer spot price for hot-rolled coil to $1,155 per short ton for the week of Aug. 3, up $10/st from last week.

Speaking on the company’s second-quarter earnings call, executives described a sheet market defined by broad-based demand, disciplined pricing behavior, and a structural shift in customer buying patterns.

Nucor has completed its steel utility structure manufacturing facility and its transmission tower expansion project in West Hazleton, Pa.  

Nucor's earnings nearly doubled in the second quarter on the back of higher prices and shipments in its steel mills segment.

Nucor said its hot-rolled coil consumer spot price will be $1,145 per short ton for the week of July 27, up $10/st.

Spot market absorbs price hikes amidst booming plate demand 

Nucor said its consumer spot price for hot-rolled coil will be $1,135 per short ton for the week of July 20.

Some domestic plate market sources expect spot price rises through the end of the year due to prolonged supply constraints.

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