In a letter to customers Monday, Nucor Sheet Mill Group announced an increase to its steel sheet base prices, effective immediately.
Hot rolled coil (HRC) prices are increased to $32.50 cwt. ($716/mt or $650/nt), and cold rolled coil (CRC) and hot dipped galvanized (HDG) coil prices are up to $37.50 cwt. ($827/mt or $750/nt), reflecting increases of approximately $1.00 cwt. ($22/mt or $20/nt) from previously set prices.
Nucor's increase is the company's third round of price increases since late May, and follows announcements from other mills in the last week, including ArcelorMittal USA, ArcelorMittal Dofasco, and Severstal North America.