Steel Products Prices North America
Nucor Increases Plate Prices by $40/Ton
Written by Michael Cowden
November 29, 2021
Nucor has increased plate prices by $40 per ton ($2 per cwt) with the opening of its January order book.
The price hike – announced on Monday, Nov. 29 and effective immediately – is equal across all plate products.
The Charlotte, N.C.-based steelmaker’s price increase is also notable because it is $10 per ton less than the $50-per-ton price hike announced by competitors SSAB Americas and Algoma last week.
Nucor’s new ex-works base price for cut-to-length A36 plate is $1,815 per ton ($90.75/cwt) ex works, up from $1,775 per ton last month, according to letters to customers.
The steelmaker’s new price for normalized A516-70 product is $2,015 per ton ($100.75/cwt) ex works, up from $1,975 per ton a month ago.
And Nucor’s new base price for quenched-and-tempered Grade A514 material with a Grade B base is now $2,375 per ton ($118.75/cwt) ex works, up from $2,335 per ton previously.
“We reserve the right to review and requote any offers that are not confirmed with either a Nucor sales acknowledgement or written acceptance by both parties,” the company said.
SMU’s plate price – which does not reflect the latest increase – was at $1,775 per ton ($88.75/cwt) when this article was filed, down $25 per ton from $1,800 per ton from last month, according to SMU’s interactive price tool.
By Michael Cowden, Michael@SteelMarketUpdate.com
Michael Cowden
Read more from Michael CowdenLatest in Steel Products Prices North America
Nucor slows HRC price climb with $5/ton increase
After eight weeks of double-digit price increases on hot-rolled (HR) coil, Nucor slowed the price rise this week with an increase of $5 per short ton.
Domestic CRC prices surge ahead of imports
The price spread between stateside-produced CR and imports reached its widest margin in over a year.
Evraz raises plate prices $160/ton
Evraz North America (NA) has followed Nucor and SSAB with a plate price increase of its own: up $160 per short ton (st). The increase was effective immediately for all new orders of carbon, high-strength low-alloy, and normalized and quenched-and-tempered plate products, as well as for hot-rolled coil, the steelmaker said in a letter to […]
Nucor lifts HR coil to $820/ton
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil for a fourth consecutive week.
Nucor pushes HR spot price to $790/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $790 per short ton (st) on Monday, Feb. 10 – a $15/st bump vs. last week. The Charlotte, N.C.-based company has raised its weekly CSP by $40/st over the past three weeks after maintaining tags at $750/st since Nov. 12, according to SMU’s […]