In a letter to customers Thursday, Nucor Sheet Mill Group said that it will increase base prices effective immediately with new orders by a minimum of $1.00 cwt. ($22/mt or $20/nt) on hot rolled, cold rolled, and galvanized coil.
The increase announcement is the third in the last couple months: Nucor and other flat rolled mills announced a $2.00 cwt. ($44/mt or $40/nt) price increase in mid-October and a $2.50 cwt. ($55/mt or $50/nt) increase in early November.