Nucor has announced they'll be revising their prices for US domestic plate down by $7.00 cwt. ($154/mt or $140/nt), FOB mill, to $74 cwt. ($1,631/mt or $1,480/nt), FOB mill, effective for Jauary orders. This is a big shift from mid-November, when SteelOrbis reported that spot market prices had held steady for more than 5 weeks.
Additionally, the steelmarker has also announced they'll be raising prices for HRC, CRC, and HDG coil by $3.00 cwt. ($66/mt or $60/nt), effective immediately. The announcement comes on the heels of similar announcments from Cleveland Cliffs and U.S. Steel.
Despite the earlier announcements this week, prices for US domestic HRC, CRC, and base-price HDG coil are still trending at $30-$32 cwt. ($662-$705/mt or $600-$640/nt) for HRC, $41-$44 cwt. ($904-$970/mt or $820-$880/nt) for CRC, and $40-$42 cwt. ($882-$926/mt or $800-$840/nt) for HDG coil, all FOB mill.