Steel Mills

Nucor Again Announces Flat Plate Prices

Written by Michael Cowden

January 25, 2022

Nucor Corp. has announced that plate prices are unchanged for the second month in a row.

The Charlotte, N.C.-based steelmaker announced the “$0/per ton change” with the opening of its March order book for plate.

NucorThe result: Nucor’s base price for cut-to-length A36 plate remains at $1,815 per ton ($90.75/cwt) ex works. The company’s price for normalized A516-70 product continues to be at $2,015 per ton ($100.75/cwt) ex works. And its base price for quenched-and-tempered Grade A514 material with a Grade B base is still at $2,375 per ton ($118.75/cwt) ex works.

“We reserve the right to review or requote any offers that are not confirmed with either a Nucor sales acknowledgement or written acceptance by both parties,” the company said in a letter to customers dated Monday, Jan. 24.

Nucor had announced in early January that it was keeping prices unchanged with the opening of its February order book – a move notable at the time because it was the first big price announcement of 2022 and because it was a departure from the significant month-over-month price increases seen for much of 2021.

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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