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.
The 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
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Nucor said it would keep plate prices unchanged in a letter to customers on Wednesday. The Charlotte, N.C.-based steelmaker in addition said it was opening its November order book for plate. The company did not specify what its plate price was. It has officially kept prices flat since cutting them by $125 per short ton (st) on July 1.