Steel Products Prices North America
Nucor Raises Plate Price by $40 Per Ton
Written by Tim Triplett
June 14, 2020
Nucor’s Plate Mill Group informed customers on Friday that it has raised prices for carbon and alloy plate and heat-treated plate by $40 per ton, effective immediately. Nucor’s move follows a similar announcement by ArcelorMittal USA on Thursday.
This is the second round of plate price changes in the past month. SSAB raised its prices by $40 per ton on May 18 and Nucor raised its prices by $50 on May 20.
The current average price for plate is $610 per ton, according to Steel Market Update data. Plate prices have inched up by roughly $20 since hitting a low of $590 per ton in mid-May. Steelmakers have announced increases in both plate and flat rolled prices in the past few weeks in anticipation of rising demand as the economy improves.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
CRU: Q3 will be the lowest point in current sheet price cycle
CRU Principal Analyst Shankhadeep Mukherjee expects a restocking cycle for steel sheet products in most parts of the world due to either low inventories or seasonally stronger demand.
CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.
SMU Price Ranges: Sheet and plate steady ahead of Independence Day
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.
Nucor maintains plate prices, opens August order book
Nucor aims to keep plate prices flat again with the opening of its August order book.
Nucor CSP remains level at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.