Prices
October 3, 2022
Written by Laura Miller
Antidumping and countervailing duties on aluminum extrusions from China will remain in place for another five years.
In the final results of the expedited sunset review of the duties, the US International Trade Commission voted unanimously that removing the duties would be likely to lead to the continuation or recurrence of material injury to the domestic industry.
Nucor said on Thursday evening it plans to increase plate prices by $60 per short ton (st) as it opens its November order book.
Sheet and plate prices continued to inch higher on a combination of scarce spot tons, long lead times, lean inventories, and stable demand.
Nucor said its consumer spot price for hot-rolled coil will be $1,220 per short ton (st) for the week of Sept. 28. That's a 10/st increase from a week earlier.
US sheet buyers have grappled with supply scarcity in both the spot and contract markets throughout 2026. Now the supply squeeze is spilling over into 2027, according to market participants.
Recycler forward expectations swung toward oversupply in September as inventory drawdowns eased and export demand lost August’s improving responses.