In a letter to customers Tuesday, the Nucor Sheet Mill Group said it will increase base prices on new orders, effective immediately, by a minimum of $1.00 cwt. ($22/mt or $20/nt) on hot rolled, cold rolled, and galvanized sheet steel products.
Nucor cited increased order activity for the increase. Tuesday's announcement follows a $1.50 cwt. ($33/mt or $30/nt) increase on March 15.