Steel Products
July 28, 2019
Nucor Raises Steel Plate Price by $40 a Ton
Written by Tim Triplett
Nucor’s Plate Group notified customers on Friday that it is raising the price of carbon and alloy plate and heat-treated plate by a minimum of $40 per ton ($2/cwt), effective immediately on all new spot orders.
“In recent weeks, plate pricing has fallen to unsustainable levels. While end-use demand and project business remains stable, the spot market has continued to deteriorate,” the mill stated in its letter to customers.
