Nucor $40/T sheet hike stirs industry doubt
Dec 07, 2010 | 09:22 AM
|
Nucor Corp. is attempting its third carbon steel sheet price hike in about three weeks, sparking questions among industry players about the sustainability of rapidly rising tags.
The steelmaker informed customers late Monday that it was immediately raising transaction prices on flat-rolled products by another $40 per ton, a move that would push hot-rolled sheet to around $680 per ton ($34 per hundredweight).
The announcement came on the heels of similar price increases announced in late November and again last week. The upshot of the latest move is that hot-rolled sheet prices would have gained about $90 per ton, or a little more than 15 percent, from late-November spot market tags of around $590 per ton ($29.50 per cwt).....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here