Nucor Sheet Mill Group today announced they would be raising prices on all flat rolled steel products, including HRC, CRC and HDG coil, by a minimum of $1.50 cwt. ($33/mt or $30/nt), effective immediately. The increase comes just days after a similar announcement by US Steel and ArcelorMittal USA.
Mills have not established new, minimum base pricing.
Nucor Plate Mill today also announced they would be raising prices, by a minimum of $2.00 cwt. ($44/mt or $40/nt), effective immedidately. Similar to Nucor Sheet Mill Group's announcement, the plate increase letter did not establish new, minimum base pricing.
Nucor's increase follows a similar increase announced by SSAB last Friday. This is the second plate increase announced this month.