NEW YORK Nucor
Corp. has raised minimum base prices on its plate products by
$30 per ton effective immediately, it said in an Oct. 17 letter
The increase by the
Charlotte, N.C.-based steelmaker applies to all new orders for
carbon, alloy and heat-treated plate and follows similar moves
by SSAB Americas (amm.com, Oct. 16) and ArcelorMittal
USA LLC (amm.com, Oct. 9) .
Earlier this week
Evraz Inc. North America announced it would idle its Claymont,
Del., facility, which service center sources said would likely
give other producers a reason to boost prices in a flat market
(amm.com, Oct. 14).
The plate market has
been rather stable, but with squeezed margins and unchanged
demand, several sources questioned whether the price hike had
One Midwest buyer
source was hesitant, arguing that the pricing was unlikely to
stick because demand has been largely unchanged.
"Its worth a try, though," he said.