Nucor keeps plate pricing flat

  • Wednesday, July 5, 2023
  • Source:ferro-alloys.com

  • Keywords:Nucor plate price
[Fellow]Plate prices have remained flat during the same time period, creating a spread that is now $750/st.
 
Electric arc furnace (EAF) steelmaker Nucor kept its plate pricing flat for a second consecutive month.
 
Nucor maintained the ex-works discrete plate pricing at $1,570/short ton (st), according to a price announcement sent out late on 29 June. The company is now accepting orders for production in August.
 
Quenched and tempered ex-works plate pricing remains at $2,385/st, while normalized ex-works plate pricing remains at $1,770/st.
 
Some in the market had hoped Nucor would lower prices as plate remains at elevated spreads to hot rolled coil (HRC).
 
The Argus US HRC Midwest ex-works assessment fell to $820/st on 27 June, down by 32pc since hitting a peak of $1,200/st in April.
 
Plate prices have remained flat during the same time period, creating a spread that is now $750/st.
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  • [Editor:kangmingfei]

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