NEW YORK Nucor
Corp. has increased minimum base prices for its steel sheet
products effective immediately, it said in a July 1 e-mail to
Hot-rolled coil is now
$32.50 per hundredweight ($650 per net ton), while cold-rolled
coil and galvanized sheet are $37.50 per cwt ($750 per ton),
the Charlotte, N.C.-based steel producer said.
The move came just days after ArcelorMittal Dofasco Inc.
hiked prices in an apparent leading move (
amm.com, June 26). A number of other mills both
east and west of the Rockies have followed suit.