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Nucor increases sheet product prices

Keywords: Tags  Nucor, sheet, steel prices, hot-rolled, cold-rolled, galvanized, Catherine Ngai

NEW YORK — Nucor Corp. has increased prices on its steel sheet products effective immediately, it said in an April 4 letter to customers.

Hot-rolled coil is set at $34.25 per hundredweight ($685 per ton), while cold-rolled and galvanized products are $40.75 per cwt ($815 per ton), the Charlotte, N.C.-based steelmaker said.

The move comes after a number of disruptions on the supply side, which market participants said would help steelmakers raise prices (, April 3).

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