Steel Products

Nucor Increases Plate Prices by $70/Ton

Written by Michael Cowden

February 24, 2021

Nucor has increased plate prices by $70 per ton ($3.50/cwt) effective immediately.

The steelmaker’s new ex-works base price for cut-to-length Grade A36 plate is now $1,090 per ton, up from $1,020 per ton a month ago.

steel plateThe new base price for quenched-and-tempered A514 Grade B is $1,340 per ton, up from $1,270 per ton in late January.

And Nucor’s new base price for normalized Grade A516-70 material is $1,220 per ton, up from $1,150 per ton previously.

All published adders and extras will be applied, Nucor said in a letter to customers on Wednesday, Feb. 24.

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“We reserve the right to review and re-quote any offers that are not confirmed with either a Nucor sales acknowledgement or written acceptance by both parties,” the company said in the letter.

Steel Market Update’s average plate price stands at $1,070 per ton, unchanged from last week but up $60 from $1,010 per ton in late January.

By Michael Cowden, Michael@SteelMarketUpdate.com

Michael Cowden

Michael Cowden is managing editor for Steel Market Update. Cowden has covered the steel industry since 2007. He specializes in flat-rolled steel but has also reported on steel long products, steel pipe and tube, and aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.

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