Steel Prices
Nucor keeps plate prices unchanged
Written by David Schollaert
January 2, 2024
Nucor Corp. announced in a letter to customers on Friday, Dec. 29, that its plate mill group would hold prices unchanged for as-rolled discrete plate, normalized, and quenched-and-tempered plate with the opening of its plate mill order book for February.
The Charlotte, N.C.-based steelmaker said tags would retain the price “set forth” in its Nov. 28 notice, when it increased prices by $40 per ton to $1,430 per ton.
The move was effective with new orders received on Saturday, Dec. 30, the letter said.
“We reserve the right to review and re-quote any offers that are not confirmed with either a Nucor sales acknowledgment or written acceptance by both parties,” Nucor said in the letter.
To keep track of the latest mill price increases, visit SMU’s price increase calendar.
David Schollaert
Read more from David SchollaertLatest in Steel Prices
Cliffs to open April spot order book at $900/ton HR
Cleveland-Cliffs said it will open its April order book for spot material at $900 per short ton (st). The Cleveland-based steelmaker said the increase was necessary because of “rapidly changing market conditions” in a letter to customers dated Friday, Feb. 21.
HR Futures: Meaningful rally grips market
Another eventful week in the physical and financial steel markets is coming to a close. Most importantly, this week provided complete clarity that, after months of waiting for a catalyst, we are now definitively in the early stages of a meaningful rally. The 3rd month future (currently the April contract) rose more than 8% for […]
Miller on Raw Materials: Pig iron tags move up, N. Europe scrap imports to US resume
SMU's Stephen Miller provides an update on the raw materials sector.
SSAB Americas hikes plate price again, this time by $100/ton
SSAB has increased plate prices by a total of $240/st in less than a month. That tally results from the current increase, an increase of $80/st in early February, and another of $60/st in late January, according to SMU’s price announcement calendar.
NLMK USA said to be seeking $900/st HR and $1,100/st for tandem products
NLMK USA has opened its April order book at new, higher base prices for steel sheet, according to market participants. The steelmaker is seeking at least $900 per short ton (st) for hot-rolled (HR) coil and at least $1,100/st for cold-rolled and coated products, they said.