Nucor raises steel plate prices, others follow
Jul 11, 2013 | 04:30 PM
| Catherine Ngai
NEW YORK Nucor Corp. has increased transaction prices by a minimum of $30 per ton for its plate products in an apparent leading move after sources said the previous round of hikes effectively fizzled out.
The higher prices for all new orders for carbon, alloy and heat-treated plate are effective immediately, Nucor said in a July 11 letter to customers.
ArcelorMittal USA LLC and SSAB Americas issued separate announcements later in the day that they also were raising plate transaction prices by a minimum of $30 per ton. Charlotte, N.C.-based Nucor did not provide a reason for the increase, but market players said it appeared to be a way to get prices back off the floor after mills were forced to give back at least a portion of an earlier increase.....
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.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.