Steel Products Prices North America
March 26, 2021
Nucor Lifts Plate Prices $50/Ton
Written by Michael Cowden
Nucor increased plate prices by $50 per ton ($2.50/cwt) in the afternoon on Friday, March 26, after SSAB had earlier in the day lifted plate tags by $100 per ton.
It was not immediately clear why there was such a large difference. The steelmakers don’t always increase plate prices by the same amount, but a $50-per-ton spread is wider than usual.
Nucor’s new ex-works base price for cut-to-length A36 plate is $1,140 per ton ($57/cwt), up from $1,090 per ton a month ago, according to letters to customers.
The steelmaker’s new base prices for quenched-and-tempered Grade A514 material with a Grade B base is now $1,390 per ton, up from $1,340 per ton in late February.
And Nucor’s new price for A516-70 product is $1,270 per ton, up from $1,220 per ton a month prior.
All published extra will be applied, Nucor said.
“We reserve the right to review and re-quote any offers that are not confirmed with either a Nucor sales acknowledgement or written acceptance by both parties,” the company said.
By Michael Cowden, Michael@SteelMarketUpdate.com
