Nucor Sheet Mill Group has announced to US customers that it will increase transaction prices for the month of September by a minimum of $40 /nt ($44 /mt or $2.00 cwt.) on hot rolled, cold rolled, and galvanized sheet products.
The price increase is effective with orders acknowledged to ship as of the week ending August 30, 2008. The spot order book for September is now open across the Sheet Mill Group.
The Group cited strong order activity due to the good balance of supply and demand for sheet products as well as continued escalation of raw material and energy costs as the main drivers behind the price increase.