Steel Products Prices North America

Nucor Lifts Plate Prices $50/Ton

Written by Michael Cowden

March 26, 2021

Nucor increased plate prices by $50 per ton ($2.50/cwt) in the afternoon on Friday, March 26, after SSAB had earlier in the day lifted plate tags by $100 per ton.

It was not immediately clear why there was such a large difference. The steelmakers don’t always increase plate prices by the same amount, but a $50-per-ton spread is wider than usual.

NucorNucor’s new ex-works base price for cut-to-length A36 plate is $1,140 per ton ($57/cwt), up from $1,090 per ton a month ago, according to letters to customers.

The steelmaker’s new base prices for quenched-and-tempered Grade A514 material with a Grade B base is now $1,390 per ton, up from $1,340 per ton in late February.

And Nucor’s new price for A516-70 product is $1,270 per ton, up from $1,220 per ton a month prior.

All published extra will be applied, Nucor said.

“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.

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 has since 2014 specialized in flat-rolled steel but has previously reported on steel long products, steel pipe and tube as well as aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago - where he was involved in launching AMM's daily hot-rolled coil index, 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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