Nucor raises steel plate prices, others follow

Jul 11, 2013 | 04:30 PM | Catherine Ngai

Tags  steel plate, prie increase, Nucor, scrap, sheet, SSAB Americas, catherine nga

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.....

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