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.
The 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
Read more from Michael CowdenLatest in Steel Mills
Nippon won’t import slabs to US if U.S. Steel deal goes through
Nippon Steel has affirmed that if its $14.9-billion bid for U.S. Steel proves successful, the Japanese steelmaker will not import overseas-produced slabs to the US.
AISI: Raw steel production falls to 5-week low
Domestic raw steel mill production slipped to a five-week low last week, according to the latest figures released by the American Iron and Steel Institute (AISI). Weekly production is now at the third-lowest level recorded this year.
Nucor maintains HR price at $750/ton
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was unchanged week on week (w/w) at $750 per short ton (st) on Monday, Nov. 18.
Mexican court orders sale of officially bankrupt AHMSA
After failing to reach agreements with its creditors, Altos Hornos de México (AHMSA) has been formally declared bankrupt by a Mexican bankruptcy court.
AISI: Raw steel production edges back up
Domestic raw steel production recovered last week, after slipping the week prior, according to the latest American Iron and Steel Institute (AISI) data. Weekly production remains at some of the lowest levels recorded this year.